War impact: Ready reckoner rates unchanged; homes become relatively affordable

Chhatrapati Sambhajinagar:

The state government has decided not to increase ready reckoner (RR) rates from April 1, bringing relief to homebuyers. Amid global uncertainty due to war-like conditions in Gulf countries and a slowdown in the construction sector, organisations like CREDAI had demanded that rates be kept stable. With rates remaining unchanged, property prices are expected to stay relatively stable.

In the municipal corporation limits, the average rate of 3.53 per cent and around 3 per cent in rural and influential areas will remain the same as last year for 2026–27.

While there was anticipation about a possible hike, the government announced on March 31 that rates would remain unchanged. With rising prices of flats, shops and open plots, buying or building a home has become increasingly difficult. The decision is expected to offer some relief to buyers.

After development plan approval

Following the approval of the city’s development plan, several areas earlier marked as green zones have now been reclassified as yellow zones. These areas will now be charged RR rates applicable to yellow zones from last year. Changes have also been recorded based on land category, construction, survey number, group number and city survey number.

Rate trend over the years

RR rates were not increased in 2020–21 due to COVID-19. In 2022–23, rates rose by 12.38 per cent in the district and 8.80 per cent within municipal limits, making housing less affordable. No increase was made in 2023–24 and 2024–25 due to elections. In 2025–26, rates rose by around 3.5 per cent, and for 2026–27, they remain unchanged again.