HYDERABAD: The surge of high-rise buildings in Hyderabad has significantly boosted the revenue for the Greater Hyderabad Municipal Corporation (GHMC). From January to August of this year, the civic body recorded earnings of ₹1,199.7 crore, a remarkable increase compared to the total revenue of ₹815 crore in 2024.
This revenue bump is primarily attributed to a rise in high-rise building approvals, which yield much higher fee collections than traditional residential projects. Notable growth areas include Uppal Bagayath, Nanakramguda, Khajaguda, Budvel, and Gaganpahad, where several substantial residential and commercial developments have been approved.
Significant projects include a 50-story residential tower in Nanakramguda, another 50-floor development in Madinaguda, and a 34-floor high-rise in Budvel. On the commercial front, several multi-storey office towers exceeding 20 floors were approved in Nanakramguda and Khajaguda.
Between January and August, GHMC granted 7,301 building permissions and issued 1,551 occupancy certificates. While the majority of approvals came from residential projects (7,163) and non-high-rise permits (7,211), senior officials noted that high-value, high-rise projects were the primary drivers behind the revenue increase.
“Hyderabad has seen rapid advancements in the real estate sector, especially in the last two years. We’re witnessing increased occupancy rates in office spaces and growth in residential areas. The efficient approval process and heightened construction activity across key growth corridors have led to these impressive revenue figures,” commented a senior official.
A GHMC city planner stated that while building permissions have risen across all zones, the greatest growth is observed in the western and northern parts of Hyderabad. “There’s a strong demand not only for residential buildings but also for substantial commercial developments,” he explained, adding that the rise in mixed-use constructions has significantly bolstered the corporation’s revenue.
