Tuesday September 26, 2017
Construction Up In Twin Cities - Tollybeats

Construction Up In Twin Cities

Updated | April 6, 2017 00:20 IST

Real Estate is showing sign of revival   with the construction activity getting a boost in Hyderabad. Municipal Corporation (GHMC) has given over 8,700 building permits in the past one year (2016-17) compared to 6,100 in 2015-16. This spurt in building permits comes after the construction activity was hit for the past three years.

Officials said of the total permissions issued in 2016-17, housing projects accounted for 26% and multi-storey commercial buildings 21%. The GHMC gave authorizations for a built in area of ​​nearly 23 million square meters. The introduction of Development Permission Management System (DPMS), an online building approval protocol has simplified matters a lot.

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