India, June 15 -- The Maharashtra government plans to introduce separate Ready Reckoner (RR) rates from next year for high-rise developments and slum clusters, which currently fall under the same valuation framework despite significant differences in infrastructure, amenities and market values within the same locality. The move is part of a broader micro-zoning initiative aimed at aligning property valuations more closely with market realities. While the real estate sector has welcomed the proposal as a 'progressive step' towards improving valuation accuracy, experts say its success will depend on a transparent methodology and consistent implementation.

Revenue Minister Chandrashekhar Bawankule told reporters last week that Maharashtra w...