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Real Estate Trends in Vishakhapatnam

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  • Re : Real Estate Trends in Vishakhapatnam

    900-acre township project on city outskirts put on fast track

    Umamaheswara Rao| TNN | Mar 4, 2018, 02:09 IST
    Visakhapatnam: The state government seems intent on expediting the proposed 900-acre satellite township near Lankelapalem on the outskirts of Visakhapatnam. A high-level meeting, chaired by the principal secretary of municipal administration and urban development department Karikal Valaven, in the presence of the Greater Visakhapatnam Municipal Corporation (GVMC), Visakhapatnam Urban Development Administration (Vuda) and district administration officials, on Friday night in Visakhapatnam, has decided to advance the negotiations with the assignees of the land.

    However, contrary to the earlier proposals of a dedicated housing township, the government has now decided to go for mixed-use development that blends housing, commercial space, a 150-acre sports complex, etc. In all, the township will get 25,000 housing units in a phased manner.

    According to sources, the 900-acre land is located in the intersection of five villages of three mandals in the district. These include Aganampudi in Gajuwaka mandal, Nanginarapadu and Gangavaram in Sabbavaram mandal and Pedamushidivada and E-Marripalem in Parawada mandal. “While 199.17 acres of land is lying vacant, 700.10 acres of land is in the possession of private parties.

    Recently Pendurthi MLA B Satyanarayana Murthy conducted a meeting with the landowners about the 900-acre satellite township project. The assignees have demanded land-pooling scheme and compensation for the trees and plants attached to the land. Officials now have to hammer out an agreement with regards to the compensation for the 700 acre land and other issues.

    A proposal has also been made to develop housing projects on 166-acre land at two different places near Kommadi area. Officials estimate that 1.25 lakh housing units need to be developed for the homeless people in Visakhapatnam city. There are two land parcels available for housing near Kommadi area, including 111 acres in Kommadi and 55 acres in Paradesipalem. A discussion on developing the housing project near Kommadi also took place during the meeting,” the source reveales.

    Vuda may have to shoulder the responsibility of developing these townships after the revenue officials alienate the land to Vuda.

    The state government has been mulling developing satellite townships in Visakhapatnam city for a long time that can be a catalyst to propel the growth story of the city. However, it has not made any headway due to land issues. Observers are also of the opinion that the satellite townships in the outskirts are the need of the hours to expand the city on all sides, instead of further congesting the core city. The government also wants to complete the housing projects as early as possible.







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    • Re : Real Estate Trends in Vishakhapatnam

      Groundwater levels plummet, thanks to stretched dry spell

      Umamaheswara Rao| TNN | Mar 5, 2018, 06:00 IST Visakhapatnam: While the groundwater has been recharged in many parts of the state, including Rayalaseema, the table in Visakhapatnam district has plummeted compared to the levels in March last year.

      This has been primarily attributed to the stretched dry spell during the north-east monsoon. The water levels in the district have now reached 8.7 metres, which was the level in May 2017. For instance, the water level at T Devada has now dropped to 8.3 metres from 4.7 metres in March 2017. Same is the situation in many parts in and around Vizag city.

      The water level at Atchutapuram on Vizag outskirts now stands at 19 metres against 13 metres in March 2017. Parawada is the most affected, with the groundwater level dipping to 20.8 metres compared to 11.5 metres in March 2017.

      Besides less rainfall, exploitation and wastage of water resources, and increased constructional activities are also among the reasons behind the mounting water woes in the district. The other mandals/areas that witnessed a drop in the groundwater levels include Dumbriguda, GK Veedhi, Gajuwaka, K Kotapadu, Munchingiputtu, Vemapdu, Anantavaram, Vizag city etc.

      Despite the active south-west monsoon spell, Visakhapatnam district registered only 143.3 cm rainfall against a normal of 297.2 cm during the north-east monsoon season, which ended with about 51 per cent rainfall deficiency for Vizag district.

      Rayalaseema seems to have gained the most when it comes to the groundwater recharging this year as the average water level now stands at 13.2 metres, as against 18.8 metres in March 2017. The groundwater levels have shot up at least 5 metres in each district of Rayalaseema.

      On the other hand, the water levels in the reservoirs that supply water to Vizag city have also been depleting slowly, which will ultimately lead to reduced water supply to residents. A GVMC official informed that they expect a smooth summer this year as the water levels in the reservoirs are sufficient to sail through the hot spell.

      “We have planned to dig 170 new borewells in various parts of the city. The GVMC will also take up repairs of the existing hand borewells and pipeline network. The GVMC will also hire additional tankers for the summer months to supply water to the tailend points of the city,” the official added.






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      • Re : Real Estate Trends in Vishakhapatnam

        Vuda to develop IT City in Madhurawada, earmarks 20 acres of land for mega project

        Umamaheswara Rao| TNN | Mar 6, 2018, 04:00 IST
        Visakhapatnam: In what could give a big thrust to the growing IT sector in the city, the Visakhapatnam Urban Development Authority (Vuda) plans to develop an Information Technology City in its 20-acre land at Madhurawada.

        Vuda inked a memorandum of understanding (MoU) with the state government during the recently-concluded CII-Partnership Summit 2018 to facilitate the project. Proposed to be developed under the public-private partnership (PPP) model, Vuda will constitute a special purpose vehicle (SPV) to execute the IT City project. Andhra Pradesh Urban Infrastructure Asset Management Ltd (APUIAML), a joint venture between the state government and IL&FS, will handhold Vuda throughout the entire trajectory of the project.

        Besides the institutional area, the IT city will also get commercial and recreational space to cater to the needs of the residents of Madhurawada area, which otherwise has been deprived of good social infrastructure despite the high-rises coming up in the area.

        While Vuda officials estimate that there is a ready demand for around 5 lakh square feet IT space, the state government anticipates that the demand will be beyond 1 million sq ft.

        Vuda vice-chairman P Basanth Kumar said their focus will be on creating a major institutional area as part of the project. “It will also get supporting social infrastructure to include hotels, malls and multiplexes. APUIAML will handhold Vuda from SPV creation and project formulation to tender documentation, construction management and related activities,” said Basanth Kumar.

        He added that the SPV constitution may take another two-three weeks, including seeking the approval of the Vuda board. “Other than the initial equity, Vuda will leverage land monetisation to raise funds for the project, and will also have 100 per cent shareholding in the SPV. We will start the project with one IT tower to gauge the demand and we will proceed from there based on the outcome. The land available for the project is sufficient to create more than 2 million square feet built-up area in the future, if the need arises,” added Basanth Kumar.

        According to the Vuda vice-chairman, about 40 IT companies have already evinced their interest to take up space in the project. “The MoU is aimed at timely completion of the project with the support of the state government. The supporting social infrastructure proposed as part of the IT City project will also be helpful to residents of Madhurawada as well as residents of Vuda’s Harita project in the vicinity,” he said.









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        • Re : Real Estate Trends in Vishakhapatnam

          Groundwater levels plummet, thanks to stretched dry spell

          Umamaheswara Rao| TNN | Mar 5, 2018, 06:00 IST Visakhapatnam: While the groundwater has been recharged in many parts of the state, including Rayalaseema, the table in Visakhapatnam district has plummeted compared to the levels in March last year.

          This has been primarily attributed to the stretched dry spell during the north-east monsoon. The water levels in the district have now reached 8.7 metres, which was the level in May 2017. For instance, the water level at T Devada has now dropped to 8.3 metres from 4.7 metres in March 2017. Same is the situation in many parts in and around Vizag city.

          The water level at Atchutapuram on Vizag outskirts now stands at 19 metres against 13 metres in March 2017. Parawada is the most affected, with the groundwater level dipping to 20.8 metres compared to 11.5 metres in March 2017.

          Besides less rainfall, exploitation and wastage of water resources, and increased constructional activities are also among the reasons behind the mounting water woes in the district. The other mandals/areas that witnessed a drop in the groundwater levels include Dumbriguda, GK Veedhi, Gajuwaka, K Kotapadu, Munchingiputtu, Vemapdu, Anantavaram, Vizag city etc.

          Despite the active south-west monsoon spell, Visakhapatnam district registered only 143.3 cm rainfall against a normal of 297.2 cm during the north-east monsoon season, which ended with about 51 per cent rainfall deficiency for Vizag district.

          Rayalaseema seems to have gained the most when it comes to the groundwater recharging this year as the average water level now stands at 13.2 metres, as against 18.8 metres in March 2017. The groundwater levels have shot up at least 5 metres in each district of Rayalaseema.

          On the other hand, the water levels in the reservoirs that supply water to Vizag city have also been depleting slowly, which will ultimately lead to reduced water supply to residents. A GVMC official informed that they expect a smooth summer this year as the water levels in the reservoirs are sufficient to sail through the hot spell.

          “We have planned to dig 170 new borewells in various parts of the city. The GVMC will also take up repairs of the existing hand borewells and pipeline network. The GVMC will also hire additional tankers for the summer months to supply water to the tailend points of the city,” the official added.







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          • Re : Real Estate Trends in Vishakhapatnam

            Only 25 firemen on duty for a city of 22 lakh residents

            Siva G| TNN | Updated: Mar 6, 2018, 12:06 IST

            VISAKHAPATNAM: Vizag city is growing increasingly vulnerable to fire mishaps, thanks to a short-staffed fire department.

            A perceived inability of the department in dealing with fire outbreaks and the growing number of accidental industrial fires are now a cause of alarm for the millions of residents of the city.

            The city is witnessing fire accidents at industrial areas like Gajuwaka, Parawada, Malkapuram, Kurmannapalem, Sriharipuram, Pedagantyada and others. Adding fuel to the fire, the fire department is now fighting fire accidents on hills surrounding the city too.

            At present, only 25 firemen are on duty in the city and at any given time, some of them are either on leave or are undergoing training. Around 25 firemen have to safeguard 22 lakh people in the city at any given time, say officials.

            The city has only four fire stations - Visakhapatnam, Marripalem, Pedagantyada and Chittivalasa - with a shortage of manpower to address fire accidents in a city that is spread across an extent of more than 750 square kilometres with a population of over 22 lakh.

            As per fire safety norms, there should be a fire station for each 50,000 population. That means, Greater Visakhapatnam city should have 44 fire stations, but it has only four, that too with an insufficient staff. Even if the number of fire stations was 10, it would have proved to be helpful for the department in handling fire outbreaks efficiently, an officer said requesting not to be named.

            The sanctioned strength of the four city fire stations is 130 men but only 76 personnel are on duty. Of these, there are only 39 firemen (who are key to fighting fires) as against the sanctioned strength of 84. The fireman is the main person in dousing the fire and in conducting rescue operations, say sources.

            “We have been facing a severe shortage of men in addressing the fire accidents. In the recent scenario, a majority of the staff are engaged in VVIP visits which have increased in the city for the past three to four years. How can we manage?” asks another officer of the department.

            District fire officer BVS Ram Prasad told TOI that his men are addressing each and every call efficiently but refused to comment on the shortage of manpower. “We have brought the Autonagar fire station in working condition. Our men are ready for 24/7 duty. However, addressing fires on hills has become a difficult task for us as there is no water on the hills and the reach of the pumps to the hilltop is a problem. We are using beaters to douse the fire,” he said.







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            • Re : Real Estate Trends in Vishakhapatnam

              Meet on land allotment for tribals held at collectorate

              TNN | Updated: Mar 6, 2018, 23:49 IST
              Visakhapatnam: District collector Pravin Kumar conducted a meeting on the implementation of Forest Rights Act in the agency areas of the district, at the collectorate on Tuesday.

              The collector announced during the meeting that over 3,992 land allotment claims have been approved and over 12,009 acres of land in the agency areas would be handed over to tribal farmers. He added that 6,000 claims were rejected as they were found to be ‘non-eligible’. “I have ordered the authorities to create a new plan for the acreage that has been rejected,” he said. Sources said the 6,000 rejected claims were for over 9,000 acres of land out of the total 27,000-plus acres of land surveyed.

              The collector further said that another 5,000-plus acres of land would be handed over to 2,000-plus claimants after revenue officials of various mandals complete the necessary background checks and provide clearance to the petitioners. He added that when land allotments are made there must be a thorough checking of the land being claimed and of the claimants before the claims are approved.

              He also asked officials of the revenue department to conduct a survey with the aid and assistance of forest department officials so that land can be properly identified, only after which an internal survey should be done to clearly demarcate the limits.

              The collector urged for better coordination with forest department officials so that boundaries can be properly marked. Regarding allotment of land for community needs, Pravin Kumar observed that a separate survey needs to be done with immediate effect. Revenue officials of agency region along with forest department officials were present during the meet.








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              • Re : Real Estate Trends in Vishakhapatnam

                Tainted VRO may have properties in Ooty and Kodaikanal, says ACB

                Siva G| TNN | Updated: Mar 6, 2018, 12:04 IST

                VISAKHAPATNAM: Illegal assets reportedly continued to tumble out of village revenue officer (VRO) K Sanjeeva Rao’s closets on Monday as officials of the Anti-Corruption Bureau (ACB) continued their raids on the tainted officer’s properties on the third consecutive day.

                ACB cops reportedly unearthed another 33 cents of land at Fakeer Takya near Islampeta, close to Steel Plant, on Monday during the raids at Rao’s private office near Kinnera Theatre. The lands were registered in the name of a benami called Daniel and were bought last year.

                ACB officials opened Rao’s private office in his presence after he was discharged from a corporate hospital in the city where he was admitted on Saturday. He had fallen unconscious shortly after the ACB had begun its raids on Saturday.

                Two lockers - one in SBI’s Dondaparthi branch and another in Vijaya Bank’s Maharani Branch - in the name of his associate Rapeti Appa Rao, were opened by the cops. The Dondaparthi branch locker had 336 grams of gold ornaments while the Maharani branch locker had 390 grams of gold ornaments in the name of Appa Rao’s daughter.

                Rao was also found in possession of 26 records including adangals and maps of lands and other records of Cluster V and Allipuram extension where he had worked earlier. He had not submitted those records even after being transferred from those places. All these records were submitted to concerned VROs by the ACB on Monday.

                The tainted officer’s properties may be worth a total of Rs 150 crore, say ACB officials who suspect that Rao might own illegal property outside the state too. According to reliable sources, Rao has allegedly bought property in tourist places like Ooty and Kodaikanal in Tamil Nadu. Now, the ACB cops are on a mission to unearth all illegal properties owned by Rao and are going to open another bank locker owned by him on Tuesday.

                The officer, who joined government service in 2008, had floated a real estate firm in the name of Aditya Vardhan Builders and Developers and had planned to go for a layout of several acres worth Rs 40 crore at Kottavalasa in Vizianagaram district, close to Vizag city. According to sources, he had paid Rs 67 lakh through RTGS to a farmer for land. He allegedly purchased each acre at Rs 20 lakh.

                The VRO has been acquiring land on benami names, most of them in the names of his associates Daniel, Rapeti Appa Rao and others were made as executive directors in the Kottavalasa venture that was named as Sanjeeva Vanam, ACB DSP K Ramakrishna Prasad told TOI.

                Rao might have forced several landowners into parting with their property by threatening them with a button knife and a cigarette lighter that resembled a gun, sources said.







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                • Re : Real Estate Trends in Vishakhapatnam

                  Iconic tower to come up at proposed IT city project in Visakhapatnam

                  As per the preliminary proposals, Vuda will develop a built-up area of 30 lakh square feet, comprising commercial and recreational space. The IT City will have a parking area of 1.37 lakh square feetTNN | March 13, 2018, 17:00 IST

                  VISAKHAPATNAM: Visakhapatnam Urban Development Authority (Vuda) will develop an iconic tower as part of its 20-acre IT City project in Madhurawada area. The tower will likely have a built-up area of about 5.5 lakh square feet.

                  As per the preliminary proposals, Vuda will develop a built-up area of 30 lakh square feet, comprising commercial and recreational space. The IT City will have a parking area of 1.37 lakh square feet. Apart from this the IT city will get several blocks for other supporting social infrastructure, including malls, hotels, multiplex, etc. Vuda has come up with a few preliminary designs for the project. It has proposed to develop three residential blocks as well.

                  Speaking to media persons here at the Vuda office on Monday, Vuda vice-chairman P Basanth Kumar said that they will review the progress of the project every Friday and further spoke about the details of the project.

                  According to Basanth Kumar, Vuda inked an Memorandum of Understanding (MoU) with the state regarding the project during the recently concluded Partnership Summit 2018. The project will be developed under the public-private partnership (PPP) model. “We will constitute a special purpose vehicle (SPV) for the project,” said Basanth Kumar.

                  Vuda will take advantage of its 20-acre prime land in Madhurawada area to raise funds for the project. According to IT industry insiders, the IT city project will be a boon to the IT sector of the city as many IT multinational companies have been looking forward to set up their base in Visakhapatnam. According to Vuda officials, about 40 IT companies have shown their interest in acquiring space at the IT city project.








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                  • Re : Real Estate Trends in Vishakhapatnam

                    Vuda to engage PMC for NAD flyover project

                    Umamaheswara Rao| TNN | Mar 20, 2018, 02:45 IST
                    Visakhapatnam: Visakhapatnam Urban Development Authority (Vuda) will seek the services of a ‘project management consultant’ for its ambitious multi-level grade separator (flyover) at the busy NAD junction of the city. The PMC will assist Vudain construction supervision, quality assurance and auditing the designs of the flyover throughout the construction. The PMC will also help the contractor of the project in obtaining necessary permissions and approvals.

                    Vuda vice-chairman P Basanth Kumar said that the NAD flyover designs are currently being vetted by the National Institute of Technology-Warangal. “The design evaluation process may take another one week. The contractor is likely to launch the works in the first week of April,” said Basanth Kumar.

                    Vuda superintending engineer KVN Ravi explained the role of the PMC in the project. “The PMC would play the role of a specialist in the execution of the project,” said Ravi.

                    Right from the inception report, the consultant will prepare fortnightly progress reports, quarterly progress reports and final report in one month after completion of the project. The PMC will also take care of liaison meetings between the Vuda officials and the contractor at monthly intervals to deliberate upon the contents of the progress reports, pertinent issues and financial matters.

                    Vuda has already released the mobilisation advance to the Vijay Nirman Company Private Limited who bagged the project.

                    The flyover project was proposed back in 2015 as a long-term measure to ease the ever growing traffic at this busiest junction of Visakhapatnam.









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                    • Re : Real Estate Trends in Vishakhapatnam

                      GVMC demolishes encroachments on European cemetery after plaints

                      Sulogna Mehta| TNN | Updated: Mar 20, 2018, 13:23 IST
                      VISAKHAPATNAM: On March 18, while touring the historic Old Town, a group of heritage enthusiasts noticed encroachments upon the 17th century Europeancemetery grounds near the Kurupam market. A five-storey building has come up in the northern side of the cemetery and a boundary wall has also been constructed. When brought to the notice of the Greater Visakhapatnam Municipal Corporation authorities, on Monday evening, they demolished the wall.

                      The encroachment has been estimated to be about 8 feet by 60 feet. One of the gates of the new building also opens onto the cemetery. “We brought it to the notice of the GVMC chief M Harinarayanan, who said he would get it examined by the town planning officers,” said Sohan Hatangadi, one of the organisers of Sunday’s Old Town heritage walk. Notwithstanding the prompt action by GVMC that helped prevent further encroachment, it is interesting to note that the building was under construction since 2016. The GVMC had then given the permission, but had failed to check whether the structure would encroach upon the cemetery.








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