Mumbai builders met CM to discuss RR rates
Builders in Mumbai are a worried lot now over various issues.
Maharashtra Chamber of Housing Industry (MCHI) met the state chief minister to reverse back the Ready Reckoner (RR) rates as it was in 2011.
The builders also wanted a permanent solution for getting instant clearances for building projects.
An abrupt increase of 46% in RR rates was seen in recent times and because of which, home buyers are finding it difficult to afford the projects.
Also, places like Prabhadevi, Versova and Dadar will see a hike of about 25 to 35% in property prices.
Source: The Times of India
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