The Maharashtra government has increased ready reckoner (RR) rates for 2025-26 after two years, impacting property valuations and stamp duty.

Mumbai sees a 3.39% hike, while the state average is 3.59%. Municipal corporation areas, excluding Mumbai, face a 5.95% rise, with Navi Mumbai (6.75%), Thane (7.729%), Nashik (7.319%), and Solapur (10.17%) experiencing higher hikes. Developers fear increased construction costs, affecting affordability. Niranjan Hiranandani of NAREDCO warns that the 5-7% average hike statewide could hurt the affordable housing segment. Experts predict developers may pass the cost burden to buyers, making homeownership pricier in Maharashtra's key real estate markets. A balanced policy approach is needed to sustain growth while ensuring affordability.