India, March 30 -- Even as the real estate sector is likely to be impacted by the war in west Asia, the state government has decided to increase ready reckoner (RR) rates by 4-5% on average for the 2026-27 financial year, officials aware of the matter told Hindustan Times.

"The office of the Inspector General of Stamp and Registration is finalising the proposal and it is expected to be announced on March 31," a senior revenue department official said, requesting anonymity.

The hike, effective April 1, is expected to range 3-10%, with higher revisions likely in parts of the Mumbai Metropolitan Region (MMR), Nashik and other cities witnessing major infrastructure projects such as the Shaktipeeth corridor and extension of the Samruddhi Exp...