PUNE As the administration is trying to assess the changes in the Ready Reckoner (RR) rates, CREDAI Pune Metro, an apex body of real estate developers has urged the state government to not increase the ready reckoner rates this year. Last year, there was no revision in the rates, which are usually announced in April due to the pandemic.
As the state budget session is nearing, the developers have said that an increase in the reckoner rates will further add to the price of and this will have adverse impact on buyers. Meanwhile, refuting the reports of proposed hike in RR rates the registration department has clarified that no such proposal has been prepared as of now.
“The real estate industry is still trying to recover from the pandemic induced slow-down. In such a situation it would not be advisable to increase the ready reckoner (RR) rates. Construction cost has increased by about 25% in the last 18 months. Increase in RR will further add to the price,” said Anil Pharande, president, CREDAI Pune Metro.
