Thane Real Estate: Stable Ready Reckoner Rates Boost Sector
Thane, April 2, 2026 (PTI) - Real estate developers in Thane, Maharashtra, have hailed the state government's decision to maintain the ready reckoner rates at their current levels. This move is seen as a positive step for the sector, especially during uncertain global economic times.
In a press release issued on Thursday, the Thane chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI) expressed their satisfaction with the decision. They believe that stable ready reckoner rates will help boost confidence among homebuyers and investors.
The ready reckoner rate is the minimum rate set by the government for property transactions, which is used to calculate registration fees and stamp duty. This rate plays a crucial role in the real estate market, as it directly affects the overall cost of property purchases.
Sachin Mirani, the president of CREDAI Thane chapter, stated, 'This decision enables developers to plan and price projects more effectively, without the added burden of increased statutory costs. It will provide much-needed stability in a market that has been facing various challenges.'
Revenue Minister Chandrashekhar Bawankule announced the decision on Wednesday, explaining that the government had decided to avoid a proposed 12 to 14 percent increase in the ready reckoner rates this year. The decision was made in view of the ongoing West Asia crisis and the resulting global economic conditions, which have created a sense of uncertainty in the market.
The move is expected to have a positive impact on the real estate sector in Thane, making it more attractive for both homebuyers and investors. It will help in maintaining the momentum in property transactions and could potentially lead to an increase in demand for new projects.
The real estate market in Thane has been showing signs of recovery, and this decision by the state government is likely to further bolster the sector. Developers are optimistic that the stable rates will encourage more people to invest in property, thereby contributing to the overall growth of the local economy.
In conclusion, the decision to keep the ready reckoner rates unchanged is a welcome step that is expected to benefit all stakeholders in the Thane real estate market. It provides a sense of stability and predictability, which is crucial for the growth and development of the sector.
