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Mumbai Property Tax Hiked by 16% as BMC Revises Capital Values After 9 Years

BMC has increased Mumbai’s property tax by nearly 16% due to a rise in ready reckoner rates. Flats below 500 sq ft remain exempt. Garbage tax levy has been deferred.

By Admin

  • 1st Jun 2025
  • 1135 Views
7 Reasons Why Mumbai’s Unsold Luxury Inventory Surged in Q1 2025

Mumbai’s luxury housing segment saw a sharp 36% rise in unsold inventory in Q1 2025, driven by aggressive new launches, rising prices, and shifting buyer preferences. This piece decodes the top reasons behind the slowdown and what it means for the city’s high-end real estate market.

By Admin

  • 1st Jun 2025
  • 1134 Views
Mumbai Residents Allege Steeper Property Tax Hikes Than BMC's Claimed 15% Cap

Mumbai residents are reporting property tax hikes far beyond BMC's stated 15%, with some bills rising over 25%. Here's a breakdown of the 2025 tax surge, resident reactions, and the pending reforms.

By Admin

  • 31st May 2025
  • 1145 Views
Mumbai Property Tax 2025 – Higher Bills Due to Revised Ready Reckoner, No Rate Hike

Mumbai’s 2025 property tax bills rose due to revised Ready Reckoner property valuations - not because of any increase in tax rates. Here’s what every homeowner needs to know.

By Admin

  • 30th May 2025
  • 1144 Views
Mumbai Property Tax Increase - 40% Hike Sparks Legal Battle - Homeowners Face Financial Challenges

Mumbai homeowners confront steep property tax increases of up to 40% as BMC's controversial hike triggers legal challenges and political outcry across the city.

By Admin

  • 29th May 2025
  • 1146 Views
Maharashtra Ready Reckoner Rates City-Wise Breakdown & Stamp Duty Impact

Explore Maharashtra's revised Ready Reckoner Rates for 2025-26 with city-wise hike details, premium charges for high-rise flats, and stamp duty calculations. Essential for buyers, sellers, and investors.

By Admin

  • 22nd May 2025
  • 62 Views
Major Relief for Mumbai’s Cessed Building Occupants as MHADA Slashes Extra Area Charges

In a move to accelerate rehabilitation, MHADA has lowered charges for extra space allotment to 100% of RRR for eligible cessed building residents, applicable from December 2023 onwards.

By Admin

  • 27th Apr 2025
  • 1225 Views
Complete Guide to Ready Reckoner Rates in Maharashtra

Discover Maharashtra’s Ready Reckoner Rates for 2025. City-wise property rates, stamp duty insights, premium floor charges, and real estate impact across Mumbai, Pune, Thane & more.

By Admin

  • 11th Apr 2025
  • 1455 Views
RR Rate Hike in Mumbai: 5-10% Rise Coming in 2025 - What You Should Do Now

Mumbai’s property market faces a Ready Reckoner rate hike. Understand the impact, risks, and why completing your transaction before March 31 could save you lakhs.

By Admin

  • 31st Mar 2025
  • 1296 Views
Ready Reckoner Rates in Navi Mumbai Explained: 2025 Area-Wise Breakdown

Get an area-wise list of Navi Mumbai's 2025 ready reckoner rates for residential, commercial, and industrial properties. A must-read for smart property investors.

By Admin

  • 26th Mar 2025
  • 1517 Views
Ready Reckoner Rates in Mumbai - Latest Updates, Zone-Wise Breakdown & Buyer Tips

Explore Mumbai’s 2024-2025 ready reckoner rates. Get zone-wise rates, stamp duty insights, floor premiums & expert tips for smart property decisions.

By Admin

  • 25th Mar 2025
  • 1407 Views
MHADA Aligns Lease Rents with Ready Reckoner Rates: A Paradigm Shift in Mumbai's Housing Sector

MHADA is linking lease rents to Ready Reckoner rates, impacting tenants in Mumbai's MHADA colonies. Lease rent revisions, commercial hikes, and policy updates will reshape housing costs. Stay informed about the latest changes and their impact.

By Admin

  • 5th Mar 2025
  • 1290 Views
7 Reasons Why Mumbai's New TDR Policy Could Negatively Impact Real Estate Growth

Recent TDR regulation amendments in Mumbai could jeopardise the city's growing real estate industry. With developers being forced to get a percentage of their TDR from the Dharavi redevelopment project at higher rates, home prices may rise.

By Admin

  • 6th Sep 2024
  • 1359 Views
Mahindra & Mahindra Sells Kandivali Land for INR 210 Crore to Pune-based Rucha Group

M&M has sold a 20.5-acre land plot in Kandivali East, Mumbai, for ₹210 crore to Blueprintify Properties, a real estate unit of Rucha Group. M&M capitalised on its non-strategic assets with this July 23 transaction, which was filed the following day.

By Admin

  • 5th Aug 2024
  • 1339 Views
Mumbai Leasehold Housing Societies Can Now Convert to Freehold at 5-10% of Ready Reckoner Rate

Mumbai: Leasehold housing societies can now convert to freehold for a fraction of the Ready Reckoner (RR) fee. The state has granted leasehold housing societies this concession, analogous to collector's land (class 2 occupation).

By Admin

  • 30th Jul 2024
  • 1486 Views
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