+
Construction cess collection up 30% in FY 2022-23
ECONOMY & POLICY

Construction cess collection up 30% in FY 2022-23

The Guiarat government's building cess revenue increased by more than 30% in the fiscal year 2022–2023—the biggest growth in a single year to date. The profits of the cess increased to 7480 million in 2022–2023 from 5720 million in that year.

The government has high hopes for this year's cess collection. It was announced that $900 million would be used to provide housing, health care, and educational opportunities for construction workers and their families.

The cost of each building's construction is subject to a 1% cess imposed by the state government.

The welfare of construction workers and their families is supported by this money. For the first time, the amount of construction cess collected has increased by more than 30%. Officials from the state administration said that the increase was the consequence of more thorough monitoring and coverage.

The Guiarat government's building cess revenue increased by more than 30% in the fiscal year 2022–2023—the biggest growth in a single year to date. The profits of the cess increased to 7480 million in 2022–2023 from 5720 million in that year. The government has high hopes for this year's cess collection. It was announced that $900 million would be used to provide housing, health care, and educational opportunities for construction workers and their families. The cost of each building's construction is subject to a 1% cess imposed by the state government. The welfare of construction workers and their families is supported by this money. For the first time, the amount of construction cess collected has increased by more than 30%. Officials from the state administration said that the increase was the consequence of more thorough monitoring and coverage.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?