Telangana real estate slump deepens as registration revenue falls

Telangana’s real estate sector remains under pressure as registration revenue declines over recent years. Developers cite global uncertainties, policy concerns and cautious buyer sentiment, with unsold inventory rising and the government unlikely to meet its revenue target this fiscal

Hyderabad: The real estate sector in Telangana continues to remain under pressure, with revenue collection data from the Registration and Stamps Department pointing to a steady decline.

The department’s revenue collection was Rs 14,588.06 crore in 2023–24. This fell to Rs 14,214.42 crore in 2024–25.

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In 2025–26, revenue stood at Rs 12,443.64 crore till January 31, 2026. Collections improved in February, taking the total to Rs 13,775.51 crore.

The department had projected revenue collection of around Rs 15,200 crore for the full financial year. With current trends, meeting the target appears unlikely.

Despite the slowdown, the department has set a higher target of Rs 16,021 crore for 2026–27.

The sector has struggled to recover since the Congress government assumed office. Developers and builders cite multiple factors behind the continued slump.

They point to global uncertainties, including geopolitical tensions, concerns in the IT sector and a broader economic slowdown.

Some in the industry say international developments, particularly in West Asia, have added to caution among buyers. NRIs and corporate employees are adopting a wait-and-watch approach, which has affected enquiries, a CREDAI member said.

This trend has persisted over the past few months. Developers also say certain policy decisions by the State government have influenced buyer sentiment.

While the government has defended its stance on projects like Pharma City and actions such as HYDRAA demolitions, industry players say these moves have raised concerns among buyers.

Even minor doubts can slow sales and make it harder to rebuild confidence. As a result, unsold inventory continues to rise, a developer noted, adding that things could improve in the current fiscal.