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The Hindu
The Hindu
National
Swathi Vadlamudi

Building permissions turn a new avenue for GHMC to boost revenue

GHMC has recorded an impressive collection in terms of building permission fee during the first five month period of the current financial year.

Even before the closure of the first half of the financial year, revenue from this source has far surpassed the 50 per cent mark of last year’s collections, giving strong basis for the hopes of the civic authorities of exceeding last year’s figures.

Revenue from the building permissions stood at ₹ 1,144 crore during the financial year 2021-22, while it has already crossed ₹ 650 crore during the current year up to August 31. This is almost close to the ₹ 661 crore revenue for the entire financial year of 2020-21, when the construction activity was marred by the raging pandemic of COVID-19.

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