Post demonetisation, there has been a slowdown in most sectors, including real estate, and lawmakers are worried the proposal could make matters worse. File pic

It appears that the state government and the Prime Minister have not yet had the ‘conversation’ about BJP’s affordable housing dream. So even as Prime Minister Narendra Modi’s recent demonetisation move has forced the banks to reduce the lending rates for housing loans, Maharashtra government’s contemplation about increasing the ready reckoner (RR) rate might turn things dicey for property buyers.