Maharashtra Eyes Sixty-Billion Rupee Revenue Boost

10 Dec 2024 CW Team

The Maharashtra property registration department is bracing for an additional Rupees 60 billion ($720 million) increase in its revenue target for the current fiscal year. This adjustment is anticipated to support various government schemes, including an increase in benefits for the "Ladki Bahin" initiative.

“We've achieved nearly 64% of our Rupees 550 billion ($6.6 billion) target before December. After the new government formation, a target revision is expected,” the official stated.

The department has already registered 17.59 lakh documents this financial year, generating Rupees 352.8 billion ($4.23 billion), which accounts for 64% of its current goal. October saw the highest revenue, despite a slight dip in registrations during September and November.

Challenges Ahead The property registration and excise departments are significant contributors to the state exchequer. Officials anticipate guidance from the new revenue minister to meet the higher targets. However, constraints remain as Ready Reckoner rates, a key factor in determining property valuation, cannot be revised mid-year.

“Some revisions under the Stamp Act might increase stamp duty, but achieving the revised target within the remaining four months of the fiscal year will be challenging,” an official noted.

Developers have been lobbying for a freeze on Ready Reckoner rates for at least three years, but a revision in the next fiscal year appears likely.

With property registrations stable at about two lakh per month, the department is exploring innovative strategies to bridge the funding gap for critical welfare initiatives.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..