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Ghaziabad's stamps and registration department has reported a record-high revenue of INR 2,856 crore for the financial year 2024-25, driven by over 1.31 lakh property registrations. The rise, attributed to rapid urbanization and booming real estate in new zones like Raj Nagar Extension and Crossings Republik, accounts for 92% of the district's INR 3,104 crore target. Officials highlighted increased investor interest and efficient registration processes. With the upcoming Master Plan 2031 proposing extensive expansion, the city is poised for further growth in both residential and commercial development.
Ghaziabad has recorded its highest-ever revenue from stamp duty and registration fees in the financial year 2024-25, collecting INR 2,856 crore through 1,31,238 property registrations, officials from the stamps and registration department confirmed. This marks a significant increase from last year's INR 2,549 crore generated from 1,22,335 registrations and accounts for 92% of the district's INR 3,104 crore target. Advertisement
The sharp rise in collections has been largely credited to the city's accelerating urbanization and demand for residential and commercial properties. Localities such as Raj Nagar Extension, Crossings Republik, and Wave City were among the top contributors, reflecting ongoing development and investor confidence in these growing real estate hubs. In contrast, many trans-Hindon areas have reached near-saturation, resulting in fewer new registrations.
According to Pushpendra Kumar, Assistant Inspector General of Stamps, the increase in revenue stems from the district's expanding urban footprint, which has triggered more frequent property transactions. "Stamp duty is set at 5% of the transaction value, with an additional 2% surcharge levied by the state government, which goes toward development agencies for infrastructure improvements," he explained.
In a supportive move for economic growth, the department also provided stamp duty rebates worth INR 11.14 crore to Micro, Small, and Medium Enterprises (MSMEs) during the fiscal year, offering financial relief and encouraging more businesses to formalize property ownership.
Looking forward, Ghaziabad's development prospects appear promising. The draft Master Plan 2031 outlines a significant increase in the area designated for urban development from 15,554 hectares under the previous plan to 60,282 hectares. Once approved by the state government, this expansion is expected to unlock new investment opportunities and facilitate large-scale infrastructure and housing projects.
The current trends and revenue figures highlight Ghaziabad's growing importance in the Delhi-NCR real estate landscape, both in terms of residential appeal and commercial viability. Officials remain optimistic that the city will surpass its revenue targets in the upcoming fiscal year, particularly with plans for new residential zones and infrastructure connectivity improvements already underway.
With strategic localities attracting new development and the proposed Master Plan 2031 set to dramatically increase the city's development footprint, the district is well-positioned for sustained economic and urban growth. The focus on supporting MSMEs and streamlining registration processes further strengthens its appeal as an investment destination in the Delhi-NCR region.
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