India, March 29 -- The Ready Reckoner (RR) rates of high value zones in the Mumbai Metropolitan Region (MMR) for 2025-26 will see a revision of between 5 to 10 per cent from April 1, the inspector general of registration (IGR) Ravindra Binwade told the Hindustan Times newspaper. The move is likely to affect homebuyers and also increase prices of commercial office space and retail real estate.

Real estate experts said that this will put a stress on the property market, which is already showing signs of a slowdown, thanks to the slowdown in the stock market. Developers are of the view that the revision is expected to impact sales.

The rates will be imposed depending on the high value or volume of registrations in particular zones. While r...