Don't want to miss the best from Business Standard?
Wednesday, December 03, 2025 | 09:42 AM ISTहिंदी में पढें
Circle rates hike may not 'immediately' hit Mumbai realty market
Across the state, the RR rate has been increased by 3.9 per cent, on average
 "Real Estate")
premium
As per industry leaders, the hike will impact pricing in markets where properties were being sold below the RR rates, while in markets where properties were already being sold well above the RR rates, the hike will impact developers’ margins
A 3.4 per cent hike in Mumbai’s ready reckoner (RR) rates or circle rates for 2025-26 (FY26) is unlikely to have any “immediate” impact on the market sentiment, according to experts who say the hike is logical considering the price rise in the city’s real estate market.
The Maharashtra government’s department of registration and stamps issued a notification of the rate hike on Tuesday.
Across the state, the RR rate has been raised by 3.9 per cent on average. Thane’s average RR rate increased by 7.7 per cent, Navi Mumbai’s by 6.7 per cent, and Pune’s by 4.2 per cent.
Topics : Mumbai property Real Estate
