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Home > Forum > Hyderabad > Real estate News > information about GHMC's increasing profit ratio

information about GHMC's increasing profit ratio

Q: Hey, can you give me some details about the news i heard recentely that GHMC has gotten a profit of almost 700 crore in the last financial year?

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Replies (13)
1
Before the State was bifurcated, the civic body used to receive Rs.40 crore as tax for the government properties in the city. The officials have written to the AP government and they are working on it. They are hopeful that they will receive their share soon
Tarakaram


2
Several multi-storeyed residential apartments, multiplexes, big hospital campuses and hotels took permissions this year which shows that the city is growing rapidly and investors are keen in putting their money here.
Suraj.V


3
Yeah, the GHMC is awaiting receipt of property tax to the tune of Rs.20 crore from Andhra Pradesh government while the Telangana State government has released its share of Rs.20 crore.
Ramya Janagam


4
Some major projects which received building permission during 2014-14 include Novartis headquarters, a seven star hotel of ITC, IDBI Central Training Institute and staff quarters, National Institute of Animal Biodiversity campus and the Data Centre buildings of SBI and Bank of Baroda.
Aamir Mirza


5
In March itself, the officials received 1,141 building applications and got Rs.120 crore towards fee which is a record in itself. The amount collected was despite permissions being put on hold for few weeks while strategic road development plan was drafted.
Verma


6
In what is being perceived as a sign of revival in construction activity in the city, the GHMC netted Rs.526.27 crore as building permission fee during the year 2014-15 as against previous year’s Rs.501.37 crore.
Suraj.V


7
The target of 5500 crores is high but the officials are confident that they will meet it and various options such as floating bonds and loans are under consideration.
Dhananjay


8
Did you know that in 2013-14, the tax was paid for 8.50 lakh properties while this time it was for 9.55 lakh properties. The government support to the civic body also went up to Rs.676 crore from previous year’s Rs.215 crore.
Dhananjay


9
Yeah, after registering an impressive revenue generation, i hope that the civic body would now put focus on quality development with a budget drafted at Rs.5,550 crore for the present year.
Verma


10
Speaking to presspersons here on Wednesday, Mr. Somesh Kumar said property tax collection in the financial year closing on Tuesday stood at Rs.1,111 crore while the figure was Rs.1,020 crore during previous year
Suraj.V


11
I can tell you that the total revenue of the civic body stood at Rs.3,317 crore as against Rs.2,616 crore of the year 2013-14 and Rs.2,451 crore of 2012-13. Hope this helps.
Sharan Basappa


12
Hi,

I am from ALLEN Career Institue, Bangalore. This is kota based IIT & AIPMT Coaching Institute. We came first time in Bangalore. We are promoting our courses at Apartment.
We want to promote our course at this apartment. Needed your valuable suggestion.

Regards
Hasan Raza
Hasan Raza


13
Yes, you heard correctly, compared to the previous year, the Greater Hyderabad Municipal Corporation (GHMC) has earned Rs.700 crore more during 2014-15, a significant growth of 27 per cent. That is good, right?
Vineet raj


Wow that is substantial. Can someone tell me the exact amount of revenue earned by GHMC?
Syed Ali Khan,  Hyderabad
2nd April 2015


14

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