Maharashtra Govt Freezes Ready Reckoner Rates for 2026–27, Providing Relief to Real Estate Sector The Maharashtra government has announced that ready reckoner rates will remain unchanged for the financial year 2026–27, a decision aimed at stabilizing the real estate market and offering relief to homebuyers and developers. The move, implemented by minister Chandrashekhar Bawankule under the guidance of chief minister Devendra Fadnavis, ensures that property valuation benchmarks will stay at the same levels as the previous financial year, which ended in March 2026. The freeze takes effect from April 1, 2026, and is intended to alleviate financial pressures on buyers and encourage property transactions across both urban and rural areas. The decision comes amid a challenging environment for the construction sector, which is grappling with global economic uncertainties and a domestic slowdown. Officials emphasized that maintaining the status quo on ready reckoner rates will prevent additional financial burdens on buyers and support the sector’s recovery. This follows a series of periodic revisions to the rates over the past decade, which have fluctuated based on economic conditions and policy priorities. Historically, ready reckoner rates—used to determine property values for stamp duty and registration—have seen significant changes. In 2017–18, the rates increased by an average of 5.86%, while the 2020–21 revision was limited to 1.74% due to the economic disruptions caused by the Covid-19 pandemic. A 4.81% rise was implemented in 2022–23, and this increase was extended for two years. In 2025–26, rates were raised across different regions, with rural areas seeing a 3.36% hike, municipal zones at 4.97%, and municipal corporation areas at 5.95%. Mumbai, in particular, recorded a 3.#devendra_fadnavis #maharashtra_govt #chandrashekhar_bawankule #cre_dai #i_sarita
