Ready Reckoner rates to be stable in 2018 says revenue minister Chandrakant Patil

By Realty Quarter Bureau

The state government is in no mood to change the ready reckoner rates and keep it stable this year too said revenue minister Chandrakant Patil. The state decision is influenced by the drop dead rates in real estate and slump in the market.

“The rates can’t be reduced. It has never been done in the history of the state. But at the same time, we are trying not to raise them. It is not easy. We will have to take feedback from each district before taking the decision,’’ said Patil.

Due to the slump in the market, the ready reckoner rates are higher than the actual market rates at some places.

Real estate experts, however, have demanded the rates be reduced – a move they say will be beneficial for consumers, developers and the state government.