Maharashtra Property Market Unstoppable Despite RR Rate Hike.
Property registrations in Maharashtra have remained strong despite the recent hike in ready reckoner (RR) rates, marking a 7 percent rise in revenue collection compared to last year. The state has collected Rs 29,795 crore in stamp duty and registration fees till mid-October, achieving nearly 47 percent of its annual target of Rs 63,500 crore even before Diwali. Officials confirmed that over 22 lakh property documents were registered between April and September, indicating steady buyer confidence and robust market demand. The average 3.9 percent RR rate increase, implemented after a three-year pause, has not affected sales momentum, with July and September recording the highest monthly revenue collections.
Experts and developers believe this resilience is driven by sustained demand, festive buying, and stable property prices across major cities like Pune, Mumbai, and Thane. Increased housing supply, slower price escalation, and ongoing infrastructure development have helped maintain affordability, keeping buyers active in both mid-range and premium segments. Officials expect the state’s total revenue to surpass Rs 65,000 crore this financial year, reflecting a strong and steady real estate market backed by policy stability and continued investment interest.
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