Pune: The Ready Reckoner (RR) rates for properties in rural and semi-urban areas are set to increase due to growing urbanization, land acquisition for the Ring Road, and the expansion plans of PMRDA (Pune Metropolitan Region Development Authority). A 10% hike has been proposed for rural areas, while villages closer to urban zones may see a 10.5% rise in RR rates.
The new Ready Reckoner rates will be implemented from April 1, with urban areas expected to see a 15% rise. The PMRDA’s draft development plan (DP) is currently awaiting final approval after considering objections and public hearings.
Initially, PMRDA covered 730 villages, but 117 villages along the proposed Ring Road have now been transferred under the jurisdiction of the Road Development Corporation for building approvals.
PMRDA's development plan has significantly expanded residential zones while also marking areas for roads, metro projects, educational institutions, agricultural lands, industrial zones, and township developments. These expansions are expected to boost development, prompting the increase in Ready Reckoner rates.
Proposed Increase in Ready Reckoner Rates:
Rural Areas: 10% hike
Villages near urban zones: 10.5% hike
Urban Areas: 15% hike
The new Ready Reckoner rates will be implemented from April 1.
Trends in Ready Reckoner Rate Changes Over the Years
2017-18: 15.30% increase in Ready Reckoner (RR) rates
2018-19: No increase in RR rates
2019-20: No increase in RR rates
2020-21: 8.62% increase in RR rates
2021-22: No increase in RR rates
2022-23: 11.03% increase in RR rates
2023-24: No increase in RR rates
2024-25: No increase in RR rates
2025-26: 10% increase proposed in RR rates