In a relief to the state government, the Bombay High Court on Wednesday held that the state’s decision to fix rents based on the value of ready reckoner (RR) rate for the lands leased by it in Mumbai was ‘reasonable’ and ‘keeping with the times’. It observed that the new method adopted through 2012 and 2018 Government Resolutions (GRs) to increase the lease rent was ‘fair’ and the revised rates “cannot be termed as exorbitant or extortionate.” The bench, however, held that, “the government was not justified in revising or…