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Godrej Properties To Macrotech: Real Estate Stocks Tumble After Property Rate Hike

Summary by NDTV Profit

Real estate stocks tumbled on Tuesday following the Maharashtra government's announcement of a 4.39% increase in the ready reckoner rate for the financial year 2026, effective April 1. The Nifty Realty fell by 3.6%, significantly underperforming the Nifty 50, which was down 1.47%. AB Real Estate shares fell 1.92% to Rs 1,922.25, Ajmera Realty & Infra India Ltd. stock dropped 1.96% to Rs 883.05, and Godrej Properties Ltd. declined 4.3% to Rs 2,03…

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NewsDrum

Maharashtra govt revises ready reckoner rates after 2 years; to benefit Rs 10,000 crore

Mumbai, Apr 2 (PTI) The Maharashtra government has announced a rise in the ready reckoner (RR) rates for 2025-26 after a gap of two years, officials said on Wednesday.The highest rise in the RR rates is in Solapur city (10.17 per cent), followed by Ulhasnagar (9 per cent), Amravati city (8.03 per cent) and Thane city (7.72 per cent).The average rise in the state is 4.39 per cent, excluding Mumbai.It is 5.95 per cent in urban areas governed by mu…

13 hours ago

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groundreport.in

Property rates to be hike 11% in Bhopal from April

Land and property prices will see a significant hike starting this month (April). The new collector guidelines will come into effect in Bhopal today. There is a proposal to increase property rates by an average of 18 percent. Some locations will see property rate increases ranging from 5% to 300%. This proposal has been sent to the Central Valuation Board. The opposition has already raised concerns about it. Ministers, MPs, and MLAs have express…

2 days ago

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