pune the pune municipal corporation pmc has registered a 14fold jump in revenue from building permissions from rs20crore from april to june 2020 to rs278 crore during the same period this yearapplications for building permission have also increased substantially from 30 between april and june last year to 175 during the same period this year civic officials saida total of 1551 permissions for building construction were given last fiscal in the last three months 175 permissions have been granted for building new properties a pmc official said permission from the authorities allowing construction activity to go on in places where workers can be lodged insitu has helped in giving a boost to the realty sector in the second wave said officialsthe applications for building permissions have come from core city areas as well as from the fringes permissions have also been sought for redevelopment projects in good numbers along with new constructions said a senior pmc officialhe said that 11 villages were merged in the municipal limits and developers from these areas have also submitted proposals seeking permission along with individual building permission applications for construction of apartments have also been receivedour target is around rs1100 crore for this financial year out of which around 14th has been achieved in the first quarter we are hoping to achieve the target by the end of this financial year said bipin shinde a senior pmc officialas per civic data around rs800crore is collected on an average every year from building permissions the civic body collects revenue from building permission fees as well as development charges and premium feesaround 4500 building permissions are given annually the civic body receives applications and processes them using an automated system called auto dcrdevelopers are utilising the facility to make payments for paid floor space index fsi premiums in instalments with applicable interest since cash flows are badly affected this facility has come very handy for developers in these tough times there are a few cases where the developers are taking advantage of 50 concession on premiums where stamp duty is borne by developers instead of flat buyers however due to ambiguity in this rule not many developers are opting for it said anil pharande president credai pune metrothere are many applications for revision of plans to cater to the new revised unified development control and promotion regulations rules and these might not be new sanctions but revised onesconcessions on stamp duty announced by the state government last year reduced selling rates by developers and low interest rates by banks on home loans resulted in sudden spike in sales and much of the unsold inventory was sold this could also be the reason for applications for sanctions said an officialwe hope that such sops are extended again to the real estate segment for its revival he said