Maharashtra Keeps Property Rates Unchanged

03 Apr 2024 CW Team

The Maharashtra government has decided to maintain the status quo on property ready reckoner rates for the fiscal year. Despite calls for revisions, authorities have opted to retain the existing rates, citing stability in the real estate market amidst the ongoing economic challenges.

Ready reckoner rates, also known as circle rates, are used to determine the minimum value of properties for taxation purposes. The decision to keep these rates unchanged comes as a relief to property owners and developers who were apprehensive about potential increases that could have added financial burdens.

The stability in ready reckoner rates is expected to provide a conducive environment for the real estate sector, which has been grappling with various challenges including sluggish demand and supply chain disruptions. By refraining from raising property rates, the government aims to sustain market confidence and support the industry's recovery efforts.

However, some stakeholders had advocated for revisions to the ready reckoner rates to reflect market dynamics and address discrepancies in property valuations. They argued that adjustments were necessary to align with prevailing market conditions and ensure fairness in property transactions.

The decision to maintain status quo on property rates underscores the government's cautious approach towards balancing revenue generation with the need to stimulate economic growth. It reflects a pragmatic stance aimed at safeguarding the interests of both property buyers and sellers amidst the uncertainties prevailing in the real estate market.

As Maharashtra continues to navigate the complexities of the property sector, stakeholders remain vigilant for any future developments that may impact property valuations and market dynamics. The government's decision to retain existing ready reckoner rates serves as a stabilising factor in the state's real estate landscape.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..