Tag: visakhapatnam

IndustryLatest Stories

Andhra Pradesh to Issue Property Cards for Urban Assets

Representative AI image VIJAYAWADA: The Andhra Pradesh government plans to implement ‘property cards’ for all urban properties as part of a significant land administration reform. This initiative aims to create a single, authenticated record of ownership, reduce property disputes, and enhance transparency in land transactions. Set to be phased in across municipal corporations, municipalities, and nagar panchayats, the property card initiative will unify revenue, registration, and municipal records into a single digital document for each property. According to sources, the property card will contain essential details like the owner’s name, survey number, property extent, geographic location, municipal assessment, tax records,…

InfrastructureLatest Stories

Andhra Pradesh Greenlights Visakhapatnam’s 2041 Master Plan

VISAKHAPATNAM: The Andhra Pradesh government has approved the updated VMRDA Master Plan-2041, which includes significant development initiatives such as the coastal corridor linking Visakhapatnam and Bhogapuram, projects in the Visakhapatnam Economic Region, the Bay City project, and the proposed Bhogapuram International Airport with its accompanying Aerocity, along with GMR Manasa Aviation Educity and other essential infrastructure projects. The new plan outlines several growth corridors, including proposed IT and data center hubs in Madhurawada, Anandapuram, and Kapuluppada, as well as the Bay City brownfield development corridor extending from Kailasagiri to Bheemili. Additionally, it incorporates tourism and economic development projects involving six…

IndustryLatest Stories

Andhra Pradesh to Launch Rental Housing for Industrial Workers

VISAKHAPATNAM: The Andhra Pradesh government has initiated a demand assessment for the creation of affordable rental housing complexes (ARHC) for industrial workers statewide. The Andhra Pradesh Township and Infrastructure Development Corporation Limited has pinpointed 13 industrial clusters for this study, including regions such as Anakapalli, Anantapur, Kakinada, Krishna, Nellore, Tirupati, Visakhapatnam, and others. This initiative aligns with the Union government’s ARHC scheme and aims to leverage viability gap funding available under the program. Officials indicate that the project is designed to tackle housing challenges faced by industrial workers, particularly migrants. Many workers are currently residing in informal settlements or unauthorized…

IndustryLatest Stories

CREDAI Supports CRZ Reclassification for Visakhapatnam Coast

VISAKHAPATNAM: A proposal to reclassify segments of the Visakhapatnam coastline from Coastal Regulation Zone (CRZ)-III B to CRZ-II is currently under consideration. Stakeholders are discussing its potential impact on urban development, environmental protection, and real estate growth. The Andhra Pradesh Coastal Zone Management Authority (APCZMA) is reviewing a request to change nearly 499 hectares of coastal land between Madhurawada and Bheemunipatnam to CRZ-II status. Official documents indicate that over 64% of the identified area is already developed, supported by infrastructure such as roads, drainage systems, and water supply networks. Officials believe that this reclassification would enable significant infrastructure projects, including…

InfrastructureLatest Stories

Revised Visakhapatnam Master Plan Includes IT Hubs and Metro

VISAKHAPATNAM: The revised draft master plan-2041 for the Visakhapatnam metropolitan area aims to establish a framework for sustainable urban development that harmonizes infrastructure growth, economic progress, and environmental protection. Key projects highlighted in the plan include metro rail corridors, a suburban railway system, and a coastal corridor, while future growth sectors like IT hubs, data centers, Bhogapuram aerocity, and tourism are also identified. The Visakhapatnam Metropolitan Region Development Authority (VMRDA) submitted this revised draft plan to the Andhra Pradesh government on Friday, with a focus on balanced land use, efficient transport systems, and fostering industrial and economic development. VMRDA chairman…

IndustryLatest Stories

GVMC Chief Accelerates LRS, TDR, and Building Approvals in Vizag

VISAKHAPATNAM: GVMC commissioner Ketan Garg has emphasized the need for town planning officials to prioritize the timely processing of building permissions, layout regularization scheme (LRS) applications, and transferable development rights (TDR) approvals. He warned that strict disciplinary action would be taken against those who delay official work or participate in corrupt practices. During a review of town planning efforts on Thursday with chief city planner A Prabhakara Rao and other officials, the commissioner expressed concern about delays in processing building permission applications from citizens. He noted that Town Planning officials were taking an excessive amount of time to address these…

IndustryLatest Stories

CREDAI Visakhapatnam Calls for Easier Registration for Housing Projects

Representative AI image VISAKHAPATNAM: CREDAI Visakhapatnam has requested the stamps and registration department to implement a project ID-based framework under CARD 2.0 to enhance the registration process for gated communities and large residential projects. The association submitted a representation to the deputy inspector general of the stamps and registration department, praising the CARD 2.0 initiative for reinforcing digital governance, transparency, and improved public service delivery. However, they noted that the current check slip generation before registration consumes considerable time, particularly for large residential projects, often exceeding 90 minutes. CREDAI pointed out that the repetitive entry of information for each unit,…

Latest StoriesRegulatory

Andhra Pradesh ULBs’ Property Tax Collections Rise 24% to ₹1,010 Cr

AMARAVATI: Andhra Pradesh’s Urban Local Bodies (ULBs) have raised over Rs 1,010.7 crore in property tax for April, including arrears and penalties, showing a 24.1% increase from the Rs 814.1 crore collected during the same month last year, according to a top official’s statement on Sunday. The increase is attributed to a comprehensive revenue strategy that incorporates Geographic Information System (GIS)-based property mapping, drone surveys, digital dashboards, and app-based payments, as stated by Municipal Administration and Urban Development Principal Secretary S. Suresh Kumar. “In April, property tax collections exceeded Rs 1,010 crore, including arrears and penalties, marking over a 24%…

Latest StoriesRegulatory

Visakhapatnam Civic Body Gathers ₹230 Crore in April Tax

VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has reported a collection of Rs 230 crore in property and vacant land taxes for April, marking a more than 50% increase from the Rs 164 crore collected during the same period last year. The increase can be attributed to GVMC’s extensive efforts in tax collection and awareness initiatives, as well as a 5% tax rebate offered under an early bird incentive. Additionally, the Andhra Pradesh government provided a final opportunity for property owners to clear their taxes. According to GVMC deputy commissioner (revenue) S Srinivasa Rao, the government permitted property taxpayers to…

IndustryLatest Stories

AP Government Provides 50% VLT Relief to Stimulate Construction

VIJAYAWADA: In a notable policy shift aimed at alleviating the financial burden on property owners while boosting construction activity, the state government has decided to implement a 50% discount on vacant land tax during the construction process. This change was made in accordance with recent amendments to the existing legislation approved by the state assembly. According to the updated provisions, property owners engaged in construction will now only need to pay half of the vacant land tax during the construction period, effective from the start of construction until the occupancy certificate is issued. Officials believe this move will encourage timely…