What is the damage to the construction sector from GO 50? Hyderabad, which was known as an accessible city until yesterday, has suddenly turned into a costly city. What are the main reasons for this? What kind of problems will people face due to the high percentage of built-up areas?
In the early days of the introduction of GO. 86, many builders were questioned about building permissions given without FSI. But the officials who created the GO also identified the highly populated areas in the city and imposed FSI rules only there. Similarly, GO 168 included regulations to control the built-up area in high-rises and skyscrapers. But when GO 50 was implemented, the main principle of town planning was completely forgotten. The rule of how much population density should be in an acre of land has been violated, and the rules have been included to control the built-up area as per the will. As a result, the previous government allowed all the people in and around Hyderabad to build as many floors as they wished.
According to GO 68, permission is given to build up to two lakh square feet in a one-acre area; however, after the introduction of GO 50 by former IT minister KT Rama Rao, the built-up area has been increased to 4 to 5 lakh square feet per acre. In the case of commercial buildings, they reached the level of 8–9 lakh sq ft per acre. For this reason, some of the new builders in the city are conducting pre-sales in the name of co-working spaces. Moreover, some others have started another type of business, which is that if a person invests Rs 10 or 20 lakhs in a commercial space, they will be paid monthly rent. However, whether those schemes will be implemented or not is a question.
By constructing a high-built-up area on an acre of land, there is a possibility of many problems arising in the future, such as inadequate roads, junctions, no proper drainage, no fresh water supply, and no electricity. So, if the population increases in the future, if any new land comes for the purpose of development in the surrounding areas, like in the early days of GO 86, the situation will arise to impose regulations on FSI. Due to GO 50, land prices are increasing dramatically. Do you know how?
According to GO. 168, on a five-acre land, if 20 floors are planned, the built-up area would be two lakh square feet per acre. Let’s say that the land owner got a 40 percent share; that means the landlord got a share of 80,000 square feet. If the price of a flat is Rs 5,000 per square feet, it can be said that an acre can cost up to Rs 40 crore. According to the calculation of the same builder, if construction is undertaken in 5 lakh square feet according to GO 50, if we assume that 30 percent share has come to the landlord, then the built-up area will be 1.50 lakh square feet. If the flat value is Rs. 5000 per sq ft, the value of an acre of land is Rs. 75 crore. That is why most of the landowners are putting pressure on the builders to construct skyscrapers. Hyderabad has become the second-costliest city in the country because of GO. 50.
Keep in mind that because of skyscrapers, maintenance costs in the future are likely to increase exponentially.
If there is a gap of 10 feet between each flat in the 10-storey apartments and the same gap even in the 60-storey apartment, there will be no proper flow of air and light; as a result, those who live in it need to face difficulties.
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