Shrugging off the COVID hangover, the Town Planning Wing of the GHMC (Greater Hyderabad Municipal Corporation) has registered a whopping 73% increase in its revenue this financial year compared to 2020-21. As a result, the total revenue generated was Rs. 1,144.08 crores, as against Rs. 661 crore in the last financial year.
GHMC issued 17,572 building permissions and 1,550 Occupancy Certificates (OCs) in this financial year compared to 11,538 building permissions and 1,574 OCs in 2020-21.
Meanwhile, the corporation attributed the increase in the construction activity to the TS government's policies and their implementation under the able guidance of MA&UD Minister KT Rama Rao.
The tremendous realty growth is also due to the ongoing massive infrastructure development in several parts of Hyderabad and the availability of amenities across the city. GHMC officials also say that the construction of new flyovers and development of link roads to ease traffic, clean drinking water to all citizens, maintenance of law & order, and uninterrupted power supply also helped attract new residential and commercial projects to Hyderabad.
GHMC officials also added that introducing the Telangana State Building Permission Approval and Self-Certification System (TS-bPASS ) by the government has further ensured hassle-free building permissions increasing the number of applications and their disposal within the stipulated time.
GHMC said that the decrease in revenue during 2020-21 was due to the Covid-19 pandemic, which dented its coffers. With several sectors incurring losses, the government gave an installment facility to pay building permit fees. The other factors that affected the construction activity during 2020-21 also included a labor shortage during the lockdown and thereafter.