HYDERABAD: Despite the state’s government initiatives to boost the struggling real estate sector, including freezing market value revisions and fostering a more favorable developer sentiment, the industry still faces significant challenges.
Registrations have sharply declined, dropping by approximately 50,000 documents in the 2025-26 financial year compared to the previous year (up until December). Although there has been a slight rise in total revenue, it remains well below the target of Rs 19,100 crore. For the fiscal year 2024-25, the registration and stamps (R&S) department generated Rs 14,230 crore in revenue.
According to sources from the R&S department, their revenue target for 2025-26 stands at Rs 19,100 crore, with only about Rs 11,200 crore collected so far. Officials assert that achieving this target is highly unlikely, with an expected earning of roughly Rs 7,800 crore over the next three months.
Data from official sources and ease of doing business (EoDB) statistics indicate that registrations peaked in April, May, September, and November, while experiencing a downturn during other months compared to 2024-25. Officials have described this as a negative growth trend, moving away from the anticipated 20% to 30% overall growth.
“By December 30, 2025, property registrations reached 12.50 lakh, a decrease from 13 lakh the previous year. The department generated Rs 11,100 crore in revenue this year, compared to Rs 10,500 crore last year for the same period,” reported a senior official. This total encompasses various registrations, including residential and commercial properties, marriage registrations, and mutations.
The department considers December to be a ‘poor performance month,’ having recorded only 1 lakh registrations compared to 1.15 lakh the previous year. Registration figures for November 2025 showed a slight increase to 1.30 lakh, up from 1.21 lakh in November 2024. In May 2025, registrations reached 1.61 lakh, compared to 1.50 lakh in May 2024. However, July 2025 saw 1.65 lakh registrations, a decline from 2 lakh in 2024.
Explaining the reasons for the decrease in registrations combined with higher revenue, a district registrar noted that many property buyers now opt for home and property loans. To qualify for larger loans, they need to declare higher property values. Additionally, property values have risen significantly, especially in Hyderabad and surrounding areas, where most buyers are acquiring loans.
A senior official mentioned, “The department typically sets ambitious targets. Even achieving a 20% increase over the previous year’s revenue would be a considerable accomplishment under the current market dynamics.”
