Hyderabad: Despite the state govt’s efforts to revive the sagging real estate sector, including putting on hold revision of market values and creating positive sentiment among developers, the realty sector is still not out of the woods.There is a sharp dip in registrations, down by about 50,000 documents in the 2025-26 financial year compared to the previous fiscal (till Dec). However, there is a slight improvement in the total revenue, but still far from the target of Rs 19,100 crore. In 2024-25, the registration and stamps (R&S) department netted a revenue of Rs 14,230 crore.
Sources in the R&S department said their revenue target is Rs 19,100 crore for 2025-26, and the department so far earned about Rs 11,200 crore. Officials say it is highly impossible to meet the target, earning about Rs 7,800 crore in the next three months.Official sources and ease of doing business (EoDB) data show registrations were higher in April, May, Sept and Nov, while in the remaining months, there was a slowdown compared to 2024-25 for the same months. Officials call it negative growth, instead of 20% to 30% overall growth for various reasons.“Up to Dec 30, 2025, the number of property registrations was 12.50 lakh. It was 13 lakh last year. The department raked in Rs 11,100 crore revenue this year, while it was Rs 10,500 crore last year for the same period,” a senior official said. The total registered documents include property registrations (both residential and commercial), marriage registrations, and mutations among others.The department considers Dec as the ‘poor performance month’, as it logged only 1 lakh registrations compared to 1.15 lakh during the same period last year. In Nov 2025, the registrations were slightly higher with 1.30 lakh compared to 1.21 lakh registrations in Nov 2024. In May, there was a significant growth with 1.61 lakh registrations, while in May 2024, they were 1.50 lakh. In July 2025, 1.65 lakh registrations were recorded, but in 2024, 2 lakh registrations were reported.Explaining the reasons for fewer registrations and higher revenue, a district registrar said majority of property buyers earlier used to pay the registration fee based on the prevailing market value (registration value) while buying a flat or plot. “Now, the majority prefer to go for home loans and property loans. For higher loan eligibility, they have to show the value of the property as more. The other reason is property values are higher, especially in Hyderabad and surrounding districts, where the buyers invariably take loans,” the official said.On the revenue target, a senior official said the department always keeps higher targets, and even if it gets 20% more than the previous year’s revenue, it would be a big achievement in the present circumstances and prevailing market conditions.
