No announcement yet.

Real Estate Trends in Vishakhapatnam

This is a sticky topic.

Real Estate Trends in Vishakhapatnam

Last updated: 6 days ago
313 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Real Estate Trends in Vishakhapatnam

    GVMC to develop three new parks, 40 more gyms in city

    Umamaheswara Rao| TNN | Jul 2, 2018, 02:38 IST

    Visakhapatnam: The Greater Visakhapatnam Municipal Corporation (GVMC) will develop three public parks in various zones located in the suburbs of the city with about Rs 7 crore. These include Swatantra Nagar Park in Zone I, Satyanagar Park in Zone VI and HB Colony Park in Gajuwaka Zone.

    Considering the fact that all the parks are located at the heart of the city, the GVMC wants to create leisure and lung spaces in a bigger area for the residents. While the bidder has been finalised for Swatantra Nagar Park, the project of two other parks is at the tendering stage.

    GVMC officials have envisioned new landscape strategies for these parks, including play areas, gardens and walkways, multi-utility play equipment, etc.

    GVMC commissioner M Hari Narayanan said, the three parks will be developed and maintained by the GVMC. “All the city-level parks, maintained by either the GVMC or Vuda, are limited to the core of the city. Now, we will develop three parks in the suburbs,” said Hari Narayanan.

    Assistant director of horticulture (GVMC) M Damodara Rao said that the development of these parks is divided into two major components — garden and play area. “Apart from the infrastructure, the parks will have open gyms and courts for basketball, volleyball, badminton and others. Swatantra Nagar Park will also have an amphitheatre,” said Damodara Rao.

    The GVMC has developed 13 residential colony parks under public-private partnership mode in 2017-18 financial year. About 26 parks have been proposed to be established this financial year. While the Resident Welfare Associations have to bear one-third of the expenditure to be incurred, the GVMC will provide the two- thirds grant in aid.

    Hari Narayanan said that they are ready to develop more colony parks if the number of applications exceeds even 26. “We want to take the initiative of open gyms, established at 15 public places/parks, further given the good response from the public. Tenders have been called to set up open gyms at 40 more places in the city,” said the commissioner.

    Please read IREF rules | FAQ's


    • Re : Real Estate Trends in Vishakhapatnam

      CBI books PNB officials, Infrastructure company for four crore loan fraud

      U Sudhakar Reddy| TNN | Jul 3, 2018, 06:04 IST Representative image

      HYDERABAD: Central Bureau of Investigation has registered a cheating case against five people, including two officials of Punjab National Bank and a Jubilee Hills-based Infrastructure Company. The accused duped the bank of Rs4 crore by pledging non-existing land in Vizag as collateral security and siphoned off the loan amount.

      In the FIR lodged on June 30, CBI named former chief manager, PNB Musheerabad branch, DP Dash, SVM Projects Pvt Ltd managing director Kandula Srinivas, director V Sanyasi, guarantor V Chandrakanth, panel advocate of PNB Musheerabad branch KV Sreedhar. The accused are all residents of Vishakapatnam and Vizianagaram. The infra company offices are located at Hyderabad and Visakhapatnam.

      Accused D P Dash processed the loan application and sanctioned Rs3.75 crore in September, 2013 in favour of SMV Projects against the primary security of construction materials and iron ore and vacant land of 1.32 acre in Madhurawada village in Vizag as collateral security. The loan amount has turned into a nonperforming asset (NPA) of Rs3.94 crore.

      Internal investigation conducted by the bank revealed directors and guarantor of the infra company siphoned off funds in connivance with DP Dash and caused losses to the bank. The investigation also revealed the panel advocate allegedly connived with borrowers and bank officials and gave a false search report to avail credit facilities. The loan amount received by accused was transferred to a fake account and diverted for other purpose. The property at Madhuravawa, which was offered as collateral security for mortgage of land did not exist.

      It’s alleged banking officials didn't scrutinise financial data of the company. Also, it had a ghost director, with the name F V Sanyasi. Directors opened a fictitious account in the name of Digvijay Mineral and siphoned off funds.

      Please read IREF rules | FAQ's


      • Re : Real Estate Trends in Vishakhapatnam

        PLIS to start pumping water into Yeleru on Thursday

        Umamaheswara Rao | TNN | Updated: Jul 5, 2018, 10:17 IST

        Due to the reduced water supply from Yeleru during the summer months, the duration of water supply to the households is decreased

        VISAKHAPATNAM: The stage is set for the pumping of water from river Godavari to the Yeleru reservoir through the Purushothapatnam lift irrigation scheme (PLIS) on Thursday. As part of the project, water from the Godavari would be diverted to Polavaram left main canal (LMC) and thereafter into the Yeleru reservoir. It is learnt that the pumping will start with about 1,400-1,500 cusecs on Thursday from Purushothapatnam.

        A lion’s share of water for Vizag city is drawn from the Yeleru reservoir. However, the reservoir has not reached its full level in recent years. The Greater VisakhapatnamMunicipal Corporation (GVMC) was thus compelled to pump water from the Yeleru reservoir into the Yeleru canal once the water levels in the reservoir dipped below the 71.5-metre range or when the reservoir is determined to have only dead storage during the summer months.

        Otherwise, the water flows by gravity into the Yeleru canal and thereby to Vizag. Due to the reduced water supply from Yeleru during the summer months, the duration of water supply to the households is decreased and several industries are forced to operate at reduced capacity. According to a GVMC official, the water from PLIS will flow by gravity along 50.2 km of the project. “From there, the water will be pumped through two pipelines. The pumping is expected to start with 1,400-1,500 cusecs at Purushothapatnam based on the availability of water in the Godavari. About 700 cusecs will be pumped into Yeleru reservoir while the other 700 cusecs will be used for other purposes. It may take two to three days before the water reaches the pumping station after flowing 50.2 km by gravity,” he said.

        According to the official, over a period of time, this will do away with the need of pumping water from the Yeleru reservoir from dead storage as the water levels will be always maintained above the dead storage with continuous water supply into the reservoir through PLIS. Once things settle down, 30 TMC of water will be drawn from PLIS for various purposes, including 10 TMC for the Yeleru reservoir. The water level in the Yeleru reservoir was 70.5 metres as of Wednesday. Once the level goes above 71.5 metres, the officials will stop the pumping from the reservoir, the GVMC official added.

        Please read IREF rules | FAQ's


        • Re : Real Estate Trends in Vishakhapatnam

          3 lakh houses handed over to beneficiaries across Andhra Pradesh

          TNN | Updated: Jul 6, 2018, 14:19 IST

          N Chandrababu Naidu

          VIJAYAWADA: Chief minister N Chandrababu Naidu, here on Thursday, launched the housewarming ceremony of 3 lakh houses across all districts in the Andhra Pradesh.

          Officials of housing corporation in respective regions handed over the houses to beneficiaries during housewarming ceremonies. This is the second big ceremony by the government after it handed over one lakh houses on October 2, last year.

          The government plans to organise another ceremony to hand over two lakh more houses on October 2, this year. It has plans to complete 19 lakh houses by March 2019.

          Speaking on the occasion, the CM said that 5,80,849 houses have been constructed under various schemes between 2014 and June this year. He said 3,03,164 houses were completed during 2017-18 at a cost of Rs 3,746 crore.

          He also informed that housing beneficiaries include 57,296 SCs, 24,332 STs, 1,43,005 BCs, and 75,713 from other castes across the state.

          Alleging that the previous Congress government misused Rs 4,150 crore in housing schemes, Naidu said the TDP government has been completing houses to provide a permanent shelter to the poor. He said that while the state spent Rs 6,260 crore towards housing so far, the central government allotted only Rs 1,296 crore. He said the state is committed to provide housing as a gift to women to enhance their respect in the society.

          Earlier, minister for rural housing, Kalava Srinivasulu, said that transparency has been maintained in housing schemes, and payments have been made online through National Payments Corporation of India to the accounts of housing beneficiaries. He said the opposition parties are making baseless allegations on housing scheme. Srinivasulu further said the AP State Housing Corporation completed 39 years on Thursday.

          Please read IREF rules | FAQ's


          • Re : Real Estate Trends in Vishakhapatnam

            Vizag local body moves to end sewerage problems in ABD area

            Umamaheswara Rao | TNN | Jul 6, 2018, 23:48 IST

            Visakhapatnam: The sewerage network in the area-based development (ABD) part of the city (ward numbers 17, 18, 19 and 20) is set to undergo a major transformation under the Smart City mission. The state government on Friday directed Greater Visakhapatnam Smart City Corporation Limited (GVSCCL) to issue a letter of acceptance to the successful bidder, who quoted Rs 56.6 crore for the project.

            A detailed study carried out earlier by the Greater Visakhapatnam Municipal Corporation (GVMC), identified some 8.8 km of missing links of sewerage network within the ABD area. This is apart from the 7.1 km missing link in Jalaripeta. About 70% households in the area are connected to the underground drainage network system. The remaining are attached to the existing storm water network, which is discharged into the sea. The project aims to address all these gaps.

            Once the project is completed, a total of 3,100 households in the area, which were out of UGD network, will be linked to the sewer network. The project will also give a facelift to several pumping stations, and sewerage treatment plants in the area, as well as in the vicinity.

            GVMC commissioner and GVSCCL managing director, M Hari Narayanan, informed that all the households of the ABD will be provided with a sewerage connection under the project. “The connected STPs will be retrofitted to ensure the quality of discharges is as per Central Pollution Control Board norms,” said Hari Narayanan.

            The two existing sewerage treatment plants in the ABD area — 25 million litres per day (MLD) STP near Appughar and 38 MLD STP near Lakshmi Talkies — will be technologically upgraded to make sure the discharges meet the CPCB standards. These two plants will also be completely automated.


            Please read IREF rules | FAQ's


            • Re : Real Estate Trends in Vishakhapatnam

              City gets hi-tech speedbreakers

              Sumit Bhattacharjee
              VISAKHAPATNAM, JULY 07, 2018 00:00 IST
              UPDATED: JULY 07, 2018 05:25 IST

              The new speedbreakers on beach road in Visakhapatnam.C.V. Subrahmanyam ‘Fitted with LED lighting, they can be spotted from a distance’

              Two weeks ago a youth riding a sports bike at a high speed on beach road in the city survived a near fatal accident, when he lost control over his bike after it went over a speedbreaker. The youth later narrated that he did not spot the speed breaker in the night.

              There have been many such incidents in the past when speedbreakers that are supposed function as speed and rash driving check on motorists turned out to be killers, mainly because the drivers were not able to spot them on time.

              To tide over this issue the City Traffic Police on Friday rolled out a new system of speedbreakers fixed with LED lighting on beach road.

              Pilot project

              Inaugurating the speed breaker, Assistant Commissioner of Police (Traffic) Kinjarapu Prabhakar said “this is a pilot project and depending on its success it will be replicated across the city.” Designed by Embedded Infra Tech, start-up, the metal speedbreaker is fitted with LED lighting and can be spotted from a distance.

              Moreover, what makes the speedbreakers unique is that it also comes in aid of the pedestrians.

              “On each side of the speedbreakers, which are placed near the zebra crossing, there is a push button. The moment the pedestrian pushes the button orange light will turn red, suggesting a caution that someone is walking across the zebra crossing. Once through, the orange light will start flashing again,” said Mr. Prabhakar.

              According to the ACP, this system will be observed for the next few weeks and depending on its success, the department will ask GVMC to replicate it across the city.

              Speedbreaker is connected to a regular power source and also has option for solar energy.

              One of its kind

              The technology used in the speedbreaker technology is one of its kind, said Rama Krishna Yellapu of Embedded Infra Tech.

              This system has two speedbreakers spread over a distance of about 25 metres on both sides of the road. While first one serves as cautionary, the other is the final check, he said.

              According to Mr. Rama Krishna, the moment a pedestrian presses the push button, the first speedbreaker with orange light will serve as cautionary and the next one near the Zebra crossinG will turn red, suggesting the motorist to stop.

              This makes the system one of its kind and no driver can miss the primary signal that is embedded on the road in front of him, Mr. Rama Krishna said.

              Please read IREF rules | FAQ's


              • Re : Real Estate Trends in Vishakhapatnam

                GVMC extends biomining to 20 more acres at city’s Kapuluppada dump yard

                Umamaheswara Rao | TNN | Updated: Jul 8, 2018, 00:14 IST

                Visakhapatnam: The Greater Visakhapatnam Municipal Corporation (GVMC), which started biomining of garbage on a five-acre land in its Kapuluppada dump yard, will now extend the process to another 20 acres.

                But unlike the five-acre bio-mining, which was undertaken by the Coromandel Fertilizers under its corporate social responsibility initiative, the GVMC will be using its own funds for the bioremediation of garbage on the 20 acres. GVMC officials expect the initiative to cost around Rs Rs 30 crore to the exchequer.

                Kapuluppada dump yard, located some 30 kilometres away from the city, has been the site of waste disposal since 2001. It is estimated that about 2.5 lakh metric tonnes of garbage is accumulated in the 25 acres. If the rate at which garbage is dumped at this site continues for another few years, the GVMC may run out of space and may be forced to find another place to dump the city’s garbage.

                GVMC chief medical officer Dr A Hemanth said that a significant portion of the funds is expected to be sanctioned under Swachh Bharat Mission and Swachha Andhra Corporation. “The request for proposal (RfP) for the project was recently issued. The process will come with many environmental benefits. Besides helping the corporation reclaim dump yard space, it will help reduce groundwater contamination and minimise emissions,” said Dr Hemanth.

                The private agency, which was involved in the five-acre bio-mining, recently put the bio-fertiliser made out of the process on display at the ‘sixth regional workshop on star rating of garbage-free cities’ conducted in Visakhapatnam in May.

                The CMO further added that they are planning to complete the 20-acres bioremediation within two years, while, revealing, that the five-acre biomining will go on for about five years.

                Meanwhile, the 15 MW waste-to-energy plant is expected to be completed by December that is expected to pave the way for 100% scientific waste processing. This will also reduce the burden on the dumping yard.

                The Solid Waste Management Rules 2016 mandates local bodies to allow only unusable, non-recyclable and non-reactive inert waste to go to sanitary landfill. The local bodies shall investigate and analyse all old open dumpsites and existing operational dumpsites for their potential of bio-mining and bioremediation.

                Please read IREF rules | FAQ's


                • Re : Real Estate Trends in Vishakhapatnam

                  Work on street beautification likely to begin within a month

                  Umamaheswara Rao | TNN | Jul 9, 2018, 02:52 IST

                  Visakhapatnam: Greater Visakhapatnam Smart City Corporation (GVMC) commissioner and Greater Visakhapatnam Smart City Corporation Limited GVSCCL managing director M Hari Narayanan chaired a stakeholders’ meet with representatives from police and APEPDCL departments, APSRTC, BSNL etc. over the proposed ‘Beautification of Streets’ project on Saturday at the GVMC office.

                  Tenders were recently finalised for the Rs 140 crore project, which will give a makeover to 16 roads, spanning 19.5 kilometres in the area-based development part of the city — wards 17, 18, 19 and 20.

                  According to officials, works are likely to begin in the next one month.

                  Officials discussed how to manage traffic, bus services, electrical poles and other utility services along the routes, which will be under work. A few officials suggested carrying out the works during night hours to prevent inconveniencing the public.

                  Earlier, the GVMC had planned on taking up the ‘smart streets’ project on a pilot basis in 7 kilometre arterial road in Peda Waltair and Chinna Waltair. However, after the project failed to elicit any response from bidders owing to its complexity, the GVMC reworked the project into a street beautification-enterprise.

                  Some of the roads that will be covered under the street beautification project include Waltair main road, China Waltair Road, Harbour park road, Vuda office road, Polamamba temple road to beach road via Chest Hospital, KPPM School to beach road, Nowroji road, etc.

                  Based on the complete streets concept, these roads will have clearly demarcated spaces for vehicles, pedestrians and cyclists. The streets will get increased green cover and adequate lighting during night through pedestrian lights. The streets will also serve the objective of providing multiple mobility options to its citizens. Some dedicated spaces for bus stops, seating areas and others will also be created.


                  Please read IREF rules | FAQ's


                  • Re : Real Estate Trends in Vishakhapatnam

                    Streets in over 4k villages of 5 dists to go dark if discom pulls the plug

                    V Kamalakara Rao | TNN | Jul 11, 2018, 00:50 IST

                    Visakhapatnam: Streets of many villages in the five north-coastal districts will soon be left in the dark if the city-based Eastern Power Distribution Company Limited (APEPDCL) decides to impose power cuts in the villages as a final recourse to handling the mounting electricity bill arrears that are owed by these panchayats.

                    According to the sources, almost 90% of 4,000 odd villages will be affected if the discomtakes a decision to cut power to the street lights. Each village has nearly 50 to 150 street lights depending on the size of the village and population. Overall, the discom has nearly five lakh street lights in all villages.

                    Village sarpanches are solely responsible for making payments for the power bills, but they have not been doing so for years, citing various reasons like lack of funding from the government. Power consumed for civic facilities like street lights, water supply pumps, and sarpanch offices are considered for electricity bills against the panchayat’s name.

                    According to the discom’s figures, all major and minor panchayats, municipal corporations, municipalities and NTR Sujala Scheme in Srikakulam, Vizianagaram, Visakhapatnam, East and West Godavari districts owe power bill arrears to the tune of Rs 636.8 crore and the collection stood at a mere Rs 43.76 crore till June.

                    “We have to get a lion’s share of the power bill arrears from both major and minor panchayats in the discom limits,” said HY Dora, chairman and managing director of EPDCL.

                    Both major and minor panchayats owe power bills to the tune of Rs 621.60 crore against the total arrears of Rs 636.8 crore from five government departments.

                    “The discom got only Rs 11.81 crore from the major and minor panchayats up to June 2018. This is the situation from the panchayats. So, as a strict enforcement measure, we are planning to implement power cuts in the panchayats that fail to pay power bills for at least this current month. We are not asking them to pay the arrears, we are just asking them to pay the bills for the current month,” Dora told TOI.

                    Discom sources said major and minor panchayats have been getting funds directly from the Centre through the 14th Finance Commission from April 2017. As per the rules, 25% of the funds should be used for power bill payments, but the sarpanches are not doing it and are instead learnt to be diverting funds.

                    “Sarpanches are diverting the funds for their own political purposes and other works instead using the money to pay power bills. The government should take it seriously and ensure that the power bill arrears to the discom are cleared,” said a senior discom official.

                    Discom sources said they are observing the payments from the month of June. The village sarpanches are supposed to make payments of the June bill in the month of July. If the sarpanches do not do so, the discom officials will start seriously considering implementation of power cuts to the street lights effective from August as a last resort in order to force the panchayats to pay up.


                    Please read IREF rules | FAQ's


                    • Re : Real Estate Trends in Vishakhapatnam

                      Gadkari outlines river inter-linking projects

                      SPECIAL CORRESPONDENT
                      VISAKHAPATNAM, JULY 13, 2018 00:00 IST
                      UPDATED: JULY 13, 2018 05:12 IST

                      WAPCOS to verify land requirement for Polavaram

                      Asserting that completing Polavaram project is top most priority for the Modi Government, Union Water Resources Minister Nitin Gadkari has outlined two important projects as part of six river connectivity projects.

                      One of them was utilising Indravati surplus water and Polavaram backwaters linking Krishna, Pennar and Kaveri, he said addressing a meeting of BJP leaders here on Thursday.

                      In the project estimated to cost Rs. 50,000 crore, 700 tmc ft to 800 tmc ft could be saved reaching the tail-end areas of Tamil Nadu solving the dispute between Karnataka and Tamil Nadu and benefiting the entire South. This would be in addition to the Polavaram project, he said.

                      Another project is taking water to Nagarjunasagar and from there to Somasila for which the DPR was ready, Mr. Gadkari said.

                      Cabinet approval

                      The two projects were sent to Union Cabinet for approval and they would by and large solve the water problems in the South, the Minister said. On the land required for Polavaram project almost doubling, he said WAPCOS Limited, under the Ministry of Water Resources would be asked to verify the facts.

                      Mr. Gadkari said he had asked the contractors to complete the civil works of the project by February.

                      In view of the problem of land acquisition, he had suggested the technical feasibility of construction of a ‘compound wall.’

                      The Union Minister said the cost of civil works also had gone up with the scope of work increasing in the new DPR and the previous DPR was not perfect, the Minister said.

                      Work would be sanctioned in transparent and time-bound manner, he said.

                      R&R issue

                      Assuring that R&R issues would get top priority, Mr. Gadkari said tribals would be assured housing, education, health and skill development.

                      The Minister stressed the importance of making ethanol and methanol-based fuel from agriculture produce with the ultimate by diverting Rs. 2 lakh crore of the Rs. 8 lakh crore import bill of crude oil to agriculture.

                      MP K. Haribabu said the Government of India itself would appoint a committee to study feasibility of location in the place of Dugarajapatnam port.

                      The Government of India’s request to suggest alternative to the State Government did not elicit any reply, he said.

                      To address the concerns over DCI privatisation, Mr. Gadkari had taken special interest to see that it was in government sector.

                      Minister of State for Shipping P. Radhakrishnan wanted the South to send more MPs to form the government again.

                      Minister of State for Shipping M.L. Mandaviya said change in several sectors and development were happening in India because of the Modi Government.

                      A representation was submitted by Polavaram Nirvasita Samkshema Sangham.

                      Party senior leader P.V. Chalapathi Rao, former Union Ministers Kavuri Sambasiva Rao and U.V. Krishnam Raju, BJP Floor Leader in the Assembly P. Vishnu Kumar Raju, MLC P.V.N. Madhav and BJP City president M. Nagendra participated.


                      Please read IREF rules | FAQ's


                      Have any questions or thoughts about this?