The Suburbs saw a much higher multiplier (10-14x) compared to South Mumbai (2-8x). This explains why the 2001-02 Ready Reckoner is vital for suburban properties—their notional "cost basis" for indexation is much lower relative to current value, but still legally defensible.
In the labyrinth of Mumbai real estate law, the 2001-02 Ready Reckoner remains the ultimate key to unlocking fair valuation for the legacy assets of the Maximum City. ready reckoner 2001-02 mumbai