The Nifty Realty index has witnessed a significant downturn, falling by 4%, primarily due to the recent hike in ready reckoner rates by the Maharashtra government for the financial year 2025-26.
Real EstateNifty RealtyReady Reckoner RatesMaharashtra GovernmentStock MarketReal Estate MaharashtraApr 01, 2025
Ready reckoner (RR) rates are the government's guideline values for property transactions. They are used to calculate stamp duty and other taxes on property sales and purchases.
The Nifty Realty index fell by 4% primarily due to the Maharashtra government's decision to hike the ready reckoner rates for the financial year 2025-26, which increased the cost of property transactions.
Higher RR rates increase the cost of buying and selling properties, which can deter potential buyers and slow down the market. This can lead to a decline in the performance of real estate companies and their stock prices.
The real estate sector in India is facing challenges such as a surplus of unsold inventory, rising interest rates, economic uncertainty, and the additional cost burden from higher RR rates.
Real estate companies are focusing on cost optimization, improving project completion timelines, diversifying their portfolios, and exploring new markets. They are also increasing their focus on affordable housing segments to attract buyers.
Mumbai and Delhi have emerged as top performers in prime residential property prices globally, with an 11.5% and 10.5% annual growth respectively.
Geetanjali Homestate's latest report reveals notable growth trends in average property prices across key markets in India, with Pune and Bangalore leading the way.
Aditya Birla Real Estate, a prominent player in the diversified industry, has witnessed a decline of 3.35% in its stock price as of October 22, 2024. Market analysts from MarketsMOJO have issued a 'Hold' recommendation for the stock, advising investors to
A property that serves as a stage for Vinod Kambli's personal life, and at times, a venue for real-life drama. Let's dive into the world behind the walls of this luxurious Mumbai residence.
To safeguard homebuyers' interests, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 real estate projects for non-compliance with regulations.
Mumbai's prime real estate continues to dominate India's property market, with US$1 million buying just 1065 sq ft, a slight 3% decline over a decade.