Pune Leads Metro Cess Collection

31 Dec 2024 CW Team

Pune has emerged as the top contributor to the Metro cess collection, closely followed by Mumbai suburban in the 2023-24 financial year so far.

According to the state registration department's data, Pune registered 1.56 lakh registrations in this fiscal till now and generated a Metro cess of Rs1,610.21 crore. Mumbai suburban's contribution so far is Rs1,305.87 crore from 1.11 lakh registrations amid steady transactions in the realty sector in both these areas.

The Metro cess adds 1% to the stamp duty for property registration to fund public infrastructure projects like Metro, flyovers and bridges in Mumbai, Pune, Nagpur and Thane. In 2022-23, the four cities recorded 3.54 lakh registrations and generated Rs2,895.38-crore Metro cess. An uptick in registrations — overall 4.36 lakh in the four cities till now — has pushed up the Metro cess collection to Rs4,141.66 crore in this financial year.

The state urban development department on December 24 allocated Rs293 crore to Nagpur for infra projects. "Funds are disbursed according to the Metro works' requirement. We recently allocated the funds to Nagpur Maha Metro," a top official of the urban development department said on Saturday.

Developers' bodies had earlier approached the state govt to reconsider the implementation of Metro cess, fearing the additional stamp duty would slow down real estate bookings. Many believed the increased cost could hit revenue collections in the highest revenue-generating cities like Pune, Nagpur, and Mumbai.

State President of Credai, Pramod Khairnar, said they have made their representation to reduce the stamp duty across the state and even in the cities where the Metro cess was in vogue. "The state has collected enough stamp duty. It should consider reducing stamp duty. Whenever the stamp duty is reduced, the registrations pick up," he said.

State won't discontinue it, says senior official of registration dept

The state registration department's senior officials said the state government would not discontinue the Metro cess in the next financial year because the work was in progress on various Metro stretches in the state.

Pune has emerged as the top contributor to the Metro cess collection, closely followed by Mumbai suburban in the 2023-24 financial year so far. According to the state registration department's data, Pune registered 1.56 lakh registrations in this fiscal till now and generated a Metro cess of Rs1,610.21 crore. Mumbai suburban's contribution so far is Rs1,305.87 crore from 1.11 lakh registrations amid steady transactions in the realty sector in both these areas. The Metro cess adds 1% to the stamp duty for property registration to fund public infrastructure projects like Metro, flyovers and bridges in Mumbai, Pune, Nagpur and Thane. In 2022-23, the four cities recorded 3.54 lakh registrations and generated Rs2,895.38-crore Metro cess. An uptick in registrations — overall 4.36 lakh in the four cities till now — has pushed up the Metro cess collection to Rs4,141.66 crore in this financial year. The state urban development department on December 24 allocated Rs293 crore to Nagpur for infra projects. Funds are disbursed according to the Metro works' requirement. We recently allocated the funds to Nagpur Maha Metro, a top official of the urban development department said on Saturday. Developers' bodies had earlier approached the state govt to reconsider the implementation of Metro cess, fearing the additional stamp duty would slow down real estate bookings. Many believed the increased cost could hit revenue collections in the highest revenue-generating cities like Pune, Nagpur, and Mumbai. State President of Credai, Pramod Khairnar, said they have made their representation to reduce the stamp duty across the state and even in the cities where the Metro cess was in vogue. The state has collected enough stamp duty. It should consider reducing stamp duty. Whenever the stamp duty is reduced, the registrations pick up, he said. State won't discontinue it, says senior official of registration dept The state registration department's senior officials said the state government would not discontinue the Metro cess in the next financial year because the work was in progress on various Metro stretches in the state.

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Infrastructure Urban

03 Apr 2026

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Infrastructure Energy

03 Apr 2026

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..