Do ready reckoner prices have an impact on the prices of property? If yes, what is it?


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Answered on November 09, 2017
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  • Ready reckoner has the single most important impact on the pricing of any property. Most of the premiums of the statutory authorities are tied to the ready reckoner. Hence an increase in the ready reckoner price has a direct increase on the cost, which shall ultimately affect the price. A classic example of the same can be seen in Mumbai, where ready reckoner prices have increased multi-fold in the last 5-6 years, which has seen a very steep increase in the property prices conseqentially.
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