Cyberabad set to become Telangana’s richest civic body
HYDERABAD: With the inclusion of revenue-rich zones such as Serilingampally, Kukatpally and Quthbullapur, the newly formed Cyberabad Municipal Corporation (CMC) is set to emerge as Telangana’s wealthiest civic body.
Data accessed by The Times of India shows that despite having just 76 wards compared to the 150 wards that will now make up the Greater Hyderabad Municipal Corporation (GHMC) the new civic body is poised to surpass GHMC in tax collections.
The 150 GHMC wards collected around ₹750 crore in property tax so far in the 2025–26 financial year. In contrast, the 76 wards under Cyberabad have already collected ₹820 crore nearly double the collections of the 74 wards that will form the Malkajgiri Municipal Corporation (MMC), TOI reported.
Officials expect Cyberabad’s total property tax revenue to reach ₹1,200 crore by March 31.
Madhapur, Serilingampally lead revenue circles
In a clear sign of revenue concentration, the two highest property tax-collecting circles in the city Madhapur and Serilingampally fall under Cyberabad. Together, they generated ₹292 crore, accounting for nearly 15% of the ₹1,995 crore collected from all 60 circles across the Greater Hyderabad region.
G Srijana, who has been named commissioner of the newly formed CMC, said the focus will be on identifying unassessed and under-assessed properties to augment revenue.
“Revenue is critical for development activities. We will strengthen sanitation, address infrastructure gaps, and focus on improving parks, footpaths and street lighting. Development will also be taken up in areas that were previously neglected,” she said.
IT corridor drives financial strength
Officials attribute CMC’s financial strength to its expanding IT corridor, dense commercial establishments, premium residential layouts and rise in high-rise developments.
Building permissions for high-rise and gated community projects fall within CMC limits, contributing significantly through building fees, impact fees and development charges.
Apart from property tax, the CMC is expected to generate higher revenue than Malkajgiri from trade licences, advertisement fees and other municipal receipts. Several ongoing and proposed infrastructure projects including road expansions, flyovers and urban amenities are concentrated in the Cyberabad region.
Meanwhile, the restructured GHMC is likely to see a sharp revenue decline after losing IT corridor zones to Cyberabad.
During 2024–25, the erstwhile GHMC recorded over ₹2,000 crore in property tax collections and another ₹1,500 crore from building permissions, mutations and other sources. With bifurcation and around six weeks left in the current financial year, GHMC is expected to close at around ₹1,000 crore nearly half of its earlier collections.
“To improve revenue, all property tax services are fully digitised, including mutations and blocking of duplicate records. We also integrated property tax data with TGSPDCL to enhance revenue realisation,” a senior official in GHMC’s revenue wing said.
