Maharashtra records 93% property registration revenue hike in July

24 Aug 2021 CW Team

Maharashtra state registration department had achieved 93% revenue growth this year in July, similar to the pre-pandemic revenue target in July 2019.

Inspector-in-general of registration and controller of stamps, Shravan Hardikar, said it is a good sign to achieve the 2019 target this year. The total revenue generated by the registration department in July 2021 is Rs 2,411.8 crore, compared to Rs 2,594.2 crore in July 2019.

Around 1.7 lakh documents have been registered in July 2021, compared to 2.6 lakh documents in July 2019, but the total revenue is 7% less.

Maharashtra government had recorded four years of high registrations and revenue collection last year in November and December because of the stamp duty waiver. According to the realty experts, citizens availed themselves of the stamp duty waiver from September to December and then from January to March, which may have affected the actual transaction value. According to a property expert, big project registrations might have happened in July, which helped in increasing the revenue.

Officials from the property registration department said that low-value sales were affected, and due to the second wave of the Covid-19 pandemic, low-cost housing projects were not getting many registrations. An official said that a few big housing projects and more land transactions might have brought more revenue to the department.

Vice President of Confederation of Real Estate Developers Associations of India (CREDAI), Shantilal Kataria, told the media that there were more sales in July, but the actual registrations may have been affected due to rain and flood in many places. He further said that the department is expecting more project announcements, the Unified Development Control and Promotion Regulations (DCR), developers will change the plans then, and the registrations will be slowly picked up.

Image Source

Also read: New Delhi residential prices drop 0.2% YoY: Knight Frank report

Maharashtra state registration department had achieved 93% revenue growth this year in July, similar to the pre-pandemic revenue target in July 2019. Inspector-in-general of registration and controller of stamps, Shravan Hardikar, said it is a good sign to achieve the 2019 target this year. The total revenue generated by the registration department in July 2021 is Rs 2,411.8 crore, compared to Rs 2,594.2 crore in July 2019. Around 1.7 lakh documents have been registered in July 2021, compared to 2.6 lakh documents in July 2019, but the total revenue is 7% less. Maharashtra government had recorded four years of high registrations and revenue collection last year in November and December because of the stamp duty waiver. According to the realty experts, citizens availed themselves of the stamp duty waiver from September to December and then from January to March, which may have affected the actual transaction value. According to a property expert, big project registrations might have happened in July, which helped in increasing the revenue. Officials from the property registration department said that low-value sales were affected, and due to the second wave of the Covid-19 pandemic, low-cost housing projects were not getting many registrations. An official said that a few big housing projects and more land transactions might have brought more revenue to the department. Vice President of Confederation of Real Estate Developers Associations of India (CREDAI), Shantilal Kataria, told the media that there were more sales in July, but the actual registrations may have been affected due to rain and flood in many places. He further said that the department is expecting more project announcements, the Unified Development Control and Promotion Regulations (DCR), developers will change the plans then, and the registrations will be slowly picked up. Image Source Also read: New Delhi residential prices drop 0.2% YoY: Knight Frank report

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..