3 weeks ago
Telangana land revision no impact on real estate: Ram Reddy
In Telangana, the government changed the official prices of land and property in June 2026 so they match what people really pay.
Because of this, the government collected about 20 per cent more money from registration fees than it did last year.
But fewer people registered their properties — 35,000 fewer than before.
A real estate leader named Gummi Ram Reddy says the change did not really hurt the property business.
He says ups and downs are common and the new land values are not very high.
He wants the government to help build homes that poor people can afford.
He says the current rule that an affordable home must cost less than Rs.
45 lakh is outdated.
He suggests tax holidays and helping the government back bank loans for poor families.
He also says people are moving from small towns to big cities, which slows down the real estate business.
Telangana revised property and land guideline values from June 5, 2026, across all 144 Sub-Registrar Offices.
Registration and Stamps Department revenue grew 20 per cent to about Rs. 2,600 crore, though registrations fell by 35,000.
Credai president-elect Gummi Ram Reddy said the revised land values have no major impact on the real estate business.
He urged tax holidays, a revised affordable-home definition, and government assurance on home loans to help lower-income buyers.
He noted real estate is cyclical and growth is slower in Tier-3 and Tier-4 towns, as people prefer Tier-1 and Tier-2 cities.
- Who
- The Telangana Registration and Stamps Department and Credai president-elect Gummi Ram Reddy.
- What
- A state-wide revision of property and land market values that raised government revenue by 20 per cent while property registrations declined.
- Where
- Telangana, across all 144 Sub-Registrar Offices, with significant contributions from Rangareddy, Sangareddy and Medchal-Malkajgiri districts.
- When
- Effective from June 5, 2026, with revenue figures covering the period since then and April-May 2026.
- Why
- To bridge the wide gap between official government guideline values and actual market prices.
Government View
Industry View
Land Value Revision Impact
Government View
The revision bridges the gap between guideline values and market prices and has boosted department revenue by 20 per cent.
Industry View
Registrations fell by 35,000 and real estate business declined 5-6 per cent, with initial resistance to the new rates before people adjust.
Affordable Housing Policy
Government View
The existing 2017 definition caps affordable homes at Rs. 45 lakh, with buyers facing 5 per cent GST and 7 per cent loan interest.
Industry View
The definition must be changed because costs have risen, and the state should offer tax holidays, contractual land to developers and assurance to banks for lower-middle-class home loans.
Key facts
- Revenue growth
- 20 per cent
- Revenue collected (post-revision period)
- Around Rs. 2,600 crore (vs Rs. 2,200 crore the same period last year)
- Registration decline
- 35,000 fewer registrations (2.9 lakh down to 2.55 lakh)
- Revision effective date
- June 5, 2026
- Sub-Registrar Offices covered
- 144
- April-May 2026 revenue
- Rs. 3,110 crore
- Affordable home ceiling
- Below Rs. 45 lakh (2017 central government definition)
- Estimated real estate business decline
- 5-6 per cent (bank loans and apartment values)
Quotes
Gummi Ram Reddy
National president-elect of the Confederation of Real Estate Developers’ Associations of India (Credai)
“The revised land values have no impact on the real estate business. There is no major change at all.”
thehansindia.com
Sources
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