In a landmark reform, Maharashtra has decided to introduce separate Ready Reckoner (RR) Rates for high-rise buildings and slum settlements located within the same locality through a comprehensive micro-zoning exercise. The objective is to make property valuation more realistic, equitable, and aligned with actual market conditions. As a Real Estate and Legal Professional, I believe this reform has the...
Introduction In a significant development for India's real estate sector, the Supreme Court has agreed to hear a plea seeking stronger protection for homebuyers affected by delayed possession under subvention schemes. The petition seeks a framework whereby both builders and lenders share losses if promised homes are not delivered, rather than placing the entire financial burden on homebuyers. As a Real...
RBI Repo Rate 2026 and Its Impact on the Real Estate Sector RBI Repo Rate 2026 has become one of the most discussed topics among homebuyers, real estate investors, and developers after the Reserve Bank of India decided to keep the repo rate unchanged at 5.25%. The decision comes at a time when inflation has eased significantly, touching 3.48%, comfortably below the RBI's target of 4%. This move is...
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