India, March 26 -- Mounting fiscal pressure and a rising debt burden could prompt the Maharashtra government to revise ready reckoner (RR) rates from April, with reports indicating an average hike of over 5% across the state for the 2026-27 financial year. Real estate developers warn that if implemented, the increase amid the ongoing US-Iran war could deal a double blow to homebuyers by further driving up property acquisition costs.

Last year, the state government had announced an average increase of 3.89% in ready reckoner rates for the financial year 2025-26, following a two-year gap.

Experts say the proposed increase in ready reckoner rates in Maharashtra, along with rising costs of materials such as steel and tiles driven by higher ...