Shares of Oberoi Realty fell 3.04% to Rs 1,587.60 in early trading on Monday after the Maharashtra government announced a revision in Ready Reckoner (RR) rates across the state for FY2025-26. The government has hiked RR rates by an average of 3.89% across Maharashtra, with urban areas witnessing a steeper average rise of 5.95%. However, Mumbai saw a relatively lower hike of 3.39%, the second-lowest after Nanded.
The hike in RR rates — the government’s benchmark valuation for properties — directly impacts stamp duty charges, thus raising overall property costs. Real estate experts said this could temporarily affect buyer sentiment, especially in premium markets like Mumbai where Oberoi Realty is heavily active. The hike also comes after a two-year pause and is expected to help the state government meet its ambitious Rs 63,500 crore stamp duty and registration revenue target for FY26.
Oberoi Realty has a market cap of Rs 576.55 billion, and the stock traded in the range of Rs 1,583.40 to Rs 1,635.00 during Monday’s session. The average trading volume stood at 604.27K shares, with a P/E ratio of 22.34.
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