Ready Reckoner Rate Mumbai 2008 Pdf -

In 2006 and 2007, RR rates had seen modest annual increases of around 10%. However, the 2008 edition was different. For instance, in the Island City (Colaba to Mahim), land rates surged by over 34%. While these numbers are significant, they were dwarfed by the astonishing 300% hike in land rates seen in places like Kurla, underscoring the hyper-acceleration of values in specific micro-markets.

Because Ready Reckoner rates are usually compiled and published at the start of the calendar year (or fiscal year transitions during that era), the Mumbai 2008 RR rates largely captured the peak valuation momentum of 2007. Consequently, in many micro-markets, the official 2008 government valuation was nearly equal to—or in rare cases, higher than—the distressed market rates seen in the winter of 2008. Key Zones and 2008 Valuation Trends ready reckoner rate mumbai 2008 pdf