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Real Estate Regulation

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Maharashtra’s Ready Reckoner Revolution: A Model for the Future of Property Valuation in India

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...