Maharashtra Ups Stamp Duty Rates for FY 2025–26

03 Apr 2025 CW Team

The State Registration and Stamps Department issued a notification late on March 31 confirming an average hike of 3.89 per cent across Maharashtra. These government-notified rates serve as the minimum property value benchmarks for tax calculations during transactions and are considered critical indicators for real estate pricing.

Regional Breakdown: Cities Hit Harder

While Mumbai will see a 3.4 per cent increase—slightly below the state average—other key urban centres have recorded steeper hikes:

• Thane: 7.72 per cent

• Solapur: 10.17 per cent

• Ulhasnagar: 9 per cent

• Navi Mumbai: 6.75 per cent

• Nashik: 7.31 per cent

• Pune: 4.16 per cent

• Panvel: 4.97 per cent

Municipal corporation areas outside Mumbai have registered an average increase of 5.95 per cent, while rural areas have seen a 3.7 per cent rise.

Industry Reactions: Calls for Caution

The revision has elicited mixed responses from the real estate community. While some understand the need to align rates with market values, others are concerned about the potential impact on affordability and demand.

Prashant Sharma, President of NAREDCO Maharashtra, noted: “This hike could increase acquisition costs at a time when affordability is key to sustaining demand. While aligning RR rates with market realities is understandable, a more calibrated approach would help maintain sectoral momentum.”

Shraddha Kedia-Agarwal, Director at Transcon Developers, echoed the sentiment: “In high-value markets like Mumbai, even a modest rise in RR rates can significantly impact stamp duty and registration costs. Gradual implementation is essential to preserve market confidence.”

Samyak Jain, Director at Siddha Group, pointed to the implications for affordable housing: “The adjustment may affect first-time buyers and lower-budget segments. Developers will need to reconsider pricing strategies, especially for ongoing projects. A phased rollout could better balance transparency with stability.”"

The Maharashtra government has announced an increase in Ready Reckoner Rates (RRR) for the financial year 2025-26, a move that is likely to influence property valuations, stamp duty, and registration charges across the state. The revised rates come into effect starting today, April 1, and mark the first revision since 2022–23.The State Registration and Stamps Department issued a notification late on March 31 confirming an average hike of 3.89 per cent across Maharashtra. These government-notified rates serve as the minimum property value benchmarks for tax calculations during transactions and are considered critical indicators for real estate pricing.Regional Breakdown: Cities Hit HarderWhile Mumbai will see a 3.4 per cent increase—slightly below the state average—other key urban centres have recorded steeper hikes:• Thane: 7.72 per cent • Solapur: 10.17 per cent • Ulhasnagar: 9 per cent • Navi Mumbai: 6.75 per cent • Nashik: 7.31 per cent • Pune: 4.16 per cent • Panvel: 4.97 per cent Municipal corporation areas outside Mumbai have registered an average increase of 5.95 per cent, while rural areas have seen a 3.7 per cent rise.Industry Reactions: Calls for CautionThe revision has elicited mixed responses from the real estate community. While some understand the need to align rates with market values, others are concerned about the potential impact on affordability and demand.Prashant Sharma, President of NAREDCO Maharashtra, noted: “This hike could increase acquisition costs at a time when affordability is key to sustaining demand. While aligning RR rates with market realities is understandable, a more calibrated approach would help maintain sectoral momentum.”Shraddha Kedia-Agarwal, Director at Transcon Developers, echoed the sentiment: “In high-value markets like Mumbai, even a modest rise in RR rates can significantly impact stamp duty and registration costs. Gradual implementation is essential to preserve market confidence.”Samyak Jain, Director at Siddha Group, pointed to the implications for affordable housing: “The adjustment may affect first-time buyers and lower-budget segments. Developers will need to reconsider pricing strategies, especially for ongoing projects. A phased rollout could better balance transparency with stability.”

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Infrastructure Transport

31 Oct 2025

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Infrastructure Urban

31 Oct 2025

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..