Slowdown in the realty industry has affected the revenue collection of Maharashtra government which is already reeling under financial constraints. Urban Development (UDD) and the Housing departments, expected to be the top revenue achievers for the government, have been under-achievers with a mere 3 per cent tax collection in the first two quarters of the financial year.

Chief Minister Devendra Fadnavis has instructed all departments to speed up recovery, issue pending Government Resolutions (GR) and push up redevelopment schemes. Sales Tax, excise and stamp duty are another major resources of income for the state.