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Realty in Hyderabad: Reaching for the Sky
he city, especially the newly developing areas, is seeing an unprecedented increase in the number of high-rise buildings under GHMC.
G
Guru Prasad
Hyderabad
Mon Apr 11 2022
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Realty in Hyderabad: Reaching for the Sky
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There was a time when Hyderabad was a city where inhabitants preferred independent houses. Today, the scenario is in total contrast. The city, especially the newly developing areas, is seeing an unprecedented increase in the number of high-rise buildings under the Greater Hyderabad Municipal Corporation (GHMC) limits. Despite Telangana having no shortage of land, the city has seen 83 high-rise structures being granted building permissions in 2021-22.


The approved projects include 13 skyscrapers with over 30 floors which clearly shows that Hyderabad is a chosen destination for builders. Among the 13 skyscrapers are five commercial projects and eight residential projects. Incidentally, the government had approved the construction of a 41-storied building in Khanamet. The project named Kohinoor is by Aurobindo Realty by Aurobindo Realty & Infrastructure Pvt Ltd and comprises seven towers.


Kohinoor is the second largest building in GHMC limits, with the top honor going to Olympus, a 44-storey residential project in Nanakramguda by the Sumadhura Group in collaboration with Vasavi Group.


However, if one were to take into consideration the entire Hyderabad, then 57-level SAS Crown in Kokapet is the tallest building under the Hyderabad Metropolitan Development Authority. However, the MA&UD department has made it clear that 45 to 55 floors will not be allowed under GHMC as traffic assessment is of utmost priority. Not surprisingly, some projects have been put on hold.


Anarock reports that Hyderabad has seen a share of 41 percent increase when compared to other south Indian cities. The massive growth is attributed to the state government’s policies and other parameters like law & order maintenance, Telangana State Building Permission Approval and Self Certification System (TS-bPASS), and infrastructure development in different parts of the city.


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Realty in Hyderabad: Reaching for the Sky
Realty in Hyderabad: Reaching for the Sky
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