Hyderabad: Greater Hyderabad Muncipal Corporation (GHMC) Urban Planning Wing has seen its revenue increase by 73%. This was due to the rise in the real estate scenario during the 2021-2022 fiscal year after the Covid lockdown.
Official data shows that the wing issued 17,572 construction permits and earned revenue of 1,144 crore in 2021-22, while revenue in 2020-21 was only 661 crore from 11,538 construction permits. Planning also issued 1,550 occupancy certificates this year.
Of the 17,575 building permits, 98% of them are residential and 198 of them are commercial. The civic body has also issued permits to 83 high-rise buildings of which 61 are residential and the rest are commercial and institutional.
“During the year 2020-21, due to the Covid pandemic, there has been a decrease in the number of authorizations and the government has also granted an installment facility for the payment of fees,” a statement said. Press. The wing also observes that the real estate sector has fully recovered. “The growth in construction activity is due to the government’s proactive industry policies. The construction of flyovers, connecting roads, potable water, uninterrupted power supply and law and order also helped attract new projects,” the statement added.
Officials also note that the introduction of the TSbPASS has also led to further simplification of the process.