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Telangana's real estate sector has experienced a drop in property registrations despite a modest rise in revenue. Total registrations fell by around 50,000 in the current fiscal period, reaching approximately 12.5 lakh, compared to 13 lakh last year. Revenue, however, increased by roughly INR 600 crore, totaling around INR 11,200 crore, supported by higher property values and increased home loan use. Certain months saw improved registration activity, but overall, growth was negative. Officials note that meeting the ambitious INR 19,100 crore target for the year appears unlikely.
Telangana's property registration numbers have shown a significant decline during the current fiscal period. According to the state's Registration and Stamps department, total registrations fell by about 50,000 compared with the same period last year, with around 12.5 lakh documents recorded against roughly 13 lakh previously. Revenue, however, saw a modest increase, rising to approximately INR 11,200 crore from INR 10,500 crore last year, though it remains well below the department's target of INR 19,100 crore. In the 2024-25 fiscal year, the department had earned INR 14,230 crore. Advertisement
Officials explained that the increase in revenue despite fewer registrations is mainly linked to buyers increasingly opting for home and property loans. For higher loan eligibility, buyers declare higher property values, which contributes to greater revenue from stamp duty and registration fees. This trend is particularly evident in Hyderabad and its surrounding districts, where property prices are higher and loan-linked transactions are more common.
Monthly registration patterns show mixed trends. Months such as April, May, September, and November recorded more registrations compared with the same months in the previous year. May saw 1.61 lakh registrations compared with 1.50 lakh the previous year, while November registered 1.30 lakh against 1.21 lakh. Other months, including July and December, recorded lower figures. For instance, July had 1.65 lakh registrations in 2025 versus 2 lakh in 2024, and December saw 1 lakh compared to 1.15 lakh previously. Overall, this resulted in negative growth, contrary to expectations of 20-30% growth.
The total registered documents include residential and commercial property sales, marriage registrations, and mutations. Officials noted that previously, buyers paid registration fees based on prevailing market values. The shift to loan-based purchases requires showing higher property values, which raises revenue even as transaction volume declines.
Senior officials also indicated that revenue targets are typically set high, and achieving even a 20% increase over last year would be considered a positive outcome under current market conditions. Despite state government efforts, such as pausing market value revisions to encourage transactions, the sector has not fully recovered, and meeting the ambitious target for the year appears unlikely.
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