Real Estate News Thane: In a good news for real estate developers in Thane, the ready reckoner rates have been left unchanged.
Notably, the Maharashtra government recently decided to keep the ready reckoner rates unchanged.
In Thane, the ready reckoner rate is the minimum rate based on which the government charges registration fees and stamp duty for any property-related transaction.
The government had received a proposal to increase the ready reckoner rates from 12 per cent to 14 per cent this year.
Real estate developers in Thane have welcomed the government decision, calling it a positive step.
Real estate developers in Thane said that the decision will attract fresh investments in the sector as it will boost the confidence of the homebuyers.
'Stable RR rates will help boost confidence among homebuyers and investors, especially during uncertain global economic times," the Thane chapter of the Confederation of Real Estate Developers' Associations of India said in a release.
"This decision enables developers to plan and price projects more effectively, without the added burden of increased statutory costs," Sachin Mirani, president of the association, said.
