Category: Regulatory

Keep up with important regulatory news affecting real estate, including government policies, tax reforms, compliance requirements, and RERA updates. Understand how these regulations impact developers, investors, and buyers.

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Visakhapatnam collects ₹620 crore in property tax for FY26

VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has successfully collected ₹620 crore in property and vacant land taxes for the fiscal year 2025-26, representing a significant increase of nearly 22% from the previous year’s collection of ₹510 crore. This growth can largely be attributed to the expansion of the tax base and concentrated efforts on assessing vacant land, resulting in an additional ₹110 crore compared to the previous year. Remarkably, April and December 2025 emerged as particularly strong months, adding an extra ₹65 crore compared to the same months in 2024. For instance, collections for April surged from ₹132.11 crore…

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Morbi Drops Slum Demolition After Residents’ Gujarat HC Appeal

AHMEDABAD: The Morbi Municipal Corporation has reversed its demolition order for the slum on Panchasar Road. This decision came after 115 residents approached the Gujarat High Court, alleging that the civic body was attempting to evict them without offering alternative housing. The slum-dwellers filed a petition, asserting that they have lived in the area for decades, with government acknowledgment of their presence dating back to the Machchhu floods in 1979. Since then, they have been requesting government action to regularize their settlement. During a road-widening initiative carried out by the municipality between 2020 and 2023, the slum residents cooperated by…

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Patna’s property tax collection surpasses ₹116 crore milestone

PATNA: The Patna Municipal Corporation (PMC) has set a new record in property tax collection, amassing ₹125 crore in the fiscal year 2025-26, surpassing its target of ₹116 crore. This achievement is attributed to enhanced enforcement measures and the effective implementation of a one-time settlement scheme. The tax collected this fiscal is ₹11 crore more than the ₹114 crore gathered in the 2024-25 financial year. PMC officials noted that the total revenue from various sources reached around ₹250 crore, although these figures are provisional and may increase as calculations are finalized. The municipal area encompasses 3.06 lakh holdings, with collections…

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Vijayawada Civic Body Sees ₹267 Crore Tax Collection in FY26

VIJAYAWADA: The Vijayawada Municipal Corporation (VMC) has achieved a total tax collection of ₹267.10 crore for the recently concluded 2025-26 financial year. This marks an increase of ₹15 crore compared to the previous year’s collection of ₹252 crore. The city holds 2.27 lakh property tax assessments and 14,575 vacant land tax (VLT) assessments, with current demands of ₹172.60 crore for property tax and ₹22.98 crore for VLT assessments. The overall demand for property tax and VLT, including arrears, is ₹454.00 crore, of which ₹226.28 crore was collected during the financial year. As per the Revenue DCB (Demand, Collection, Balance) abstract…

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Belagavi: BCC’s Property Tax Hits ₹70.8 Crore, Still Short of Goal

BELAGAVI: The Belagavi City Corporation (BCC) collected ₹70.8 crore in property tax for the fiscal year 2025-26, marking a slight rise of ₹1.3 crore from the ₹69.5 crore collected in 2024-25. Despite this marginal increase, the civic body again fell short of its revenue target. The revenue department aimed for ₹78 crore this year, in addition to ₹11.4 crore from the previous year, resulting in a total target of ₹89.4 crore, which was not achieved. Officials, including City Corporation Commissioner Kartik M and Revenue Deputy Commissioner Sidhu Hulloli, made extensive efforts to boost collections. Multiple review meetings were conducted, specific…

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Nashik’s property tax revenue rises 10% to ₹287 crore

NASHIK: The Nashik Municipal Corporation (NMC) has reported a 10% increase in property tax collection for the financial year 2025-26, achieving a record revenue of Rs 287 crore, compared to Rs 257 crore in the previous year. This marks the highest property tax collection in the NMC’s history, which spans over four decades. Civic officials attribute this revenue surge to various factors, including amnesty schemes, incentives for timely payments, and a steady rise in registered properties in the city. Of the six divisions, Cidco led with Rs 59 crore in property tax, followed closely by Panchavati at Rs 58 crore.…

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Nagpur Civic Body’s Stamp Duty Collection Misses Target Again

NAGPUR: In the previous financial year (2025-26), Nagpur city’s stamp duty collection on property transactions reached over Rs 1,700 crore, falling short of the Rs 1,900 crore target by approximately 9%. The overall value of transactions for the fiscal year ending March 31 amounted to over Rs 24,000 crore, with a 7% stamp duty applied. More than 11 lakh deeds were registered in that period. The state government’s decision to maintain the ready reckoner rates unchanged for the current financial year (2026-27) aims to stimulate property purchases, potentially increasing stamp duty collections as a result. The stamp duty target was…

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Rajkot Civic Body Fails to Meet Property Tax Collection Goal

RAJKOT: The tax recovery branch of the Rajkot Municipal Corporation (RMC) did not meet its property tax target for the financial year 2025-26. The total collection reached Rs 447.93 crore, falling short by Rs 7.87 crore from the Rs 455.8 crore goal. Despite reminders from the RMC and threats of strict measures, 25% of property owners did not pay their taxes. Nonetheless, this figure reflects an 8.44% growth from the previous year, marking a Rs 34.44 crore increase. Boosting Compliance and Zone-Wise Collections Official reports indicate a low compliance rate, with 75.75% of property owners meeting their tax duties this…

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Noida’s Stamp Duty Hits Decade High, But Property Sales Slow

NOIDA: The Stamp and Registration Department has achieved a revenue of Rs 4,498.7 crore in the financial year 2025-26, marking its highest collection in a decade. The district reached 87% of its total target of Rs 5,180 crore, despite a decline in property registrations, as reported by officials. A total of 1.6 lakh properties were registered in FY 2025-26, down from 1.7 lakh in the previous fiscal year. Among these, there was an increase in registrations under concessional categories, with transactions availing discounts rising from 8,976 in FY 2024-25 to 9,899 in FY 2025-26. AIG-1 Arun Sharma credited this uptick…

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Pune civic body falls ₹3,400 crore short of FY26 revenue goal

PUNE: The Pune Municipal Corporation (PMC) reported a total revenue of approximately Rs 9,200 crore for the fiscal year 2025-26, falling short of its Rs 12,600 crore target by nearly Rs 3,400 crore. The primary cause of this revenue deficit came from the building permissions department, which earned only Rs 2,341 crore, compared to its expected Rs 2,853 crore. Civic officials noted that challenges in recovering property taxes from newly merged areas and ongoing legal issues regarding land measurement have significantly hampered building permission grants. Activists criticized the administration for relying on amnesty schemes to boost revenue instead of effectively…