Will increase in ready reckoner rates hurt Mumbai’s realty market?

With the Maharashtra government sharply increasing ready reckoner rates, thereby making taxes such as stamp duty more expensive, experts tell us how this can impact the real estate industry. The government claims that the move is aimed at increasing revenue for the state while at the same time cut down black money transactions in real estate. (Audio in Hindi)
Watch full video: http://www.ndtv.com/video/player/property-india/property-india-impact-ready-reckoner-rates-raised/352602?yt

manishchowhan