We did an analysis of ratio of sale value to ready reckoner value for 38,000 sale transactions in MMR for the period April 2019 to March 2020. We got this data from the Index 2’s which are a publicly available document. You can actually see individual transactions in any project on Zapkey.com
- We observe that 63% of the transactions happen over 20% premium to ready reckoner rates.
- However we observe that the ready reckoner premiums have a lot of variation across the MMR region and we cannot say that premiums are similar across markets. Clearly % of transactions happening above 20% premiums is the lowest in South and central Mumbai and highest in Thane and Beyond Thane markets.
- 8% of the transactions happen below ready reckoner rates. The highest % of transactions below ready reckoner rate are in South (23%) and Central Mumbai (16%).
Localities with the lowest % of transactions done at 20%+ premium to ready reckoner rates also had the highest % transactions below ready reckoner rates. Some of the localities with the lowest premiums over ready reckoner rates are Lower Parel, Worli, Dadar, Bandra, Prabhadevi.
Some of the localities with the highest % of transactions with over 20% premium to ready reckoner values. Some of the localities with the highest premium to ready reckoner rates are Neral, Panvel, Dombivili, Kharghar and Thane.