Announcement

Collapse
No announcement yet.

Real Estate Trends in Vishakhapatnam

Collapse
This is a sticky topic.
X
X
Collapse

Real Estate Trends in Vishakhapatnam

Last updated: 15 hours ago
316 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Real Estate Trends in Vishakhapatnam

    e-Rickshaws to be launched for solid waste management

    Umamaheswara Rao

    The Greater Visakhapatnam Municipal Corporation will introduce 60 battery-operated e-rickshaws for solid waste management in the area-based development part of the city — wards 17, 18, 19 and 20 — under Smart City project.

    | TNN | Nov 5, 2018, 11:12 IST

    VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation will introduce 60 battery-operated e-rickshaws for solid waste management in the area-based development part of the city — wards 17, 18, 19 and 20 — under Smart City project.

    Three battery swapping and maintenance stations will be set up for these e-rickshaws. The project has been conceptualised based on Vizag Smart City’s theme of “a resilient and healthy metropolis for people”. This will be the second e-vehicle initiative of the GVMC after the e-buses and e-rickshaws project mooted under the Vizag-Chennai Industrial Corridor project.

    These vehicles will come with an innovative design to unload the waste from the cart into the compactor bins and mini compactors (5 feet high). The vehicles can even run in rainy season or during the rains. Besides saving on fuel costs, these e-rickshaws are expected to improve air quality to some extent.

    Speaking to TOI, GVMC Commissioner M Hari Narayanan said that the state government is promoting the use of e-vehicles for solid waste management. “The e-rickshaw project was taken up under the Smart City project to keep the GVMC in sync with the state government’s initiatives,” said Hari Narayanan.

    Currently, the city generates about 1,100 tonnes of garbage every day. The collected waste is first transferred to the mini transfer stations before sending it to the Kapuluppada dumping yard through the compactors and other vehicles. Now, these e-rickshaws will also come in handy for the corporation for garbage management.






    https://timesofindia.indiatimes.com/...w/66502836.cms


    Please read IREF rules | FAQ's

    Comment


    • Re : Real Estate Trends in Vishakhapatnam

      Metro will be developed on PPP model

      The state cabinet, on Tuesday, cleared the proposal to push forward the Metro rail project for Visakhapatnam.The cabinet approved the proposal to develop Metro rail for the port city on public private partnership.

      TNN | Nov 7, 2018, 13:24 IST

      Picture for representational purpose only
      VIJAYAWADA: The state cabinet, on Tuesday, cleared the proposal to push forward the Metro rail project for Visakhapatnam. The cabinet approved the proposal to develop Metro rail for the port city on public private partnership.

      The Metro project was initially proposed by the central government, along with one for Amaravati. The Centre had also appointed Delhi Metro Rail Corporation(DMRC) as the nodal agency, and its former managing director E Sreedharan had visited both Visakhapatnam and Vijayawada. However, due to the change of Metro rail policy by the Union government, it was found that both Visakhapatnam and Vijayawada projects were not viable, and were subsequently shelved.

      The project will be implemented in PPP model, and the state will stand guarantee for financial support. The project will mobilise 8,300 crore from different sources, for which the cabinet has given approval.





      https://timesofindia.indiatimes.com/...w/66534366.cms


      Please read IREF rules | FAQ's

      Comment


      • Re : Real Estate Trends in Vishakhapatnam

        SC ban on noisy crackers falls on deaf ears as Deepavali revelers in Vizag flout norms

        Neeshita Nyayapati

        The Supreme Court's diktat found no takers in Visakhapatnam.
        | TNN | Nov 9, 2018, 12:00 IST




        On Thursday morning the streets of Vizag were filled with debris of crackers burst on Diwali night. GVMC workers had their task cut out as heaps of empty cartons, burnt sparklers, sticks of rockets, plastic cover etc., had to be cleared. It was obvious that the Supreme Court’s diktat to burst noiseless green crackersbetween (8pm-10pm) found no takers.

        Keerthana Gedela, a law student who resides in Kirlampudi, reveals that celebrations had begun in her colony right from morning. “People began bursting crackers on Wednesday right from 9 in the morning. It went on till 10:40 PM or so in fact. But the real noise truly began at around 7 PM as residents flouted rules bursting loud fireworks with abandon,” she says, adding, “The scene was no different in the Sabbavaram locality too as an array of thousand and ten thousand walas were burst all evening. My cousin, who resides in Panorama Hills told me that despite the area being a noise free zone, the residents burst loud crackers.”

        The narrow lanes of Poorna Market which do not allow smoke to escape werethe worst affected by the pollution last year. But looks like the residents didn’t learn any lessons, rues Trinadh Rao, who lives in the locality. “Last year the smoke was so thick that we could feel it on our skin. The lanes here are so narrow, there’s nowhere for the smoke to escape. It took a lot of time for the smog to clear up in the area. However, that didn’t have any affect on the residents who burst crackers this year too with gay abandon. But this time around they chose to go to the main road to burst them instead of in the narrow lanes. None-the-less, enough crackers were burst to pollute the area by the evening,” says Trinadh.

        “The citizens want the law to protect them, but they seem to be least bothered to follow the law when it comes to their own happiness,” says Shiva Kumar, an activist from Viman Nagar. “The residents here burst crackers from early in the evening and the whole area was filled with stagnant smoke for at least an hour,” he adds.

        A resident of Chinna Waltair, Dutch House Layout, Vaishali More tried to remind some residents of the SC ruling but to no avail. “Who’s going to come to our apartment and ask me to stop?” was the refrain she was met with. Vaishali says, “A neighbour burst a cracker worth Rs 1 lakh which filled up the street with smoke! When I asked him why, he said it is a ritual he follows every year. In fact everybody flouted the rules an burst loud crackers.”

        While last year, the city was covered in thick smoke for two days after the festival, the scene this year is relatively better with the stale stench of sulphur being considerably less. However, looks like the pollution only got worse this year. Lakshmi Narayan, environmental engineer of APPCB, Visakhapatnam, says, “Pollution levels have marginally increased this year on Diwali when compared to last year. There’s smoke this year too, just like last year, with the PM 2.5 values increasing. Despite the SC ruling, the timings were not followed but no complaints were received. While last year, the PM2.5 values stood at a maximum of 786 and the PM10 at 963, the PM 2.5 and 10 both stand at 985 this year. PM2.5 indicates fine particulates that are more harmful than PM10 as they can enter lungs and blood stream, causing harmful effects.”

        Vizag’s humid climate accentuates the risk of health issues caused by air pollution and activists believe that banning firecrackers all together is the only solution. “I believe crackers should be banned for individual use because people clearly cannot follow guidelines. Maybe the local government authority can instead plan for a colourful display for an hour or too every year instead,” says Vishali.

        THE FIREWORKS WERE PRETTY, BUT THESE FACTS AIN’T

        There’s smoke this year too, just like last year, with the PM 2.5 values increasing.

        While last year, the PM2.5 values stood at a maximum of 786 and the PM10 at 963, the PM 2.5 and 10 both stand at 985 this year.

        PM2.5 indicates fine particulates that are more harmful than PM10 as they can enter lungs and blood stream, causing harmful effects






        https://timesofindia.indiatimes.com/...w/66553685.cms
        Last edited November 11 2018, 07:10 AM.
        Please read IREF rules | FAQ's

        Comment


        • Re : Real Estate Trends in Vishakhapatnam

          Tendering for Gajuwaka & Malkapuram sewerage project gets state’s approval

          TNN | Nov 11, 2018, 02:32 IST

          Visakhapatnam: The state government has accorded permission to the Greater Visakhapatnam Municipal Corporation (GVMC) to call for tenders for the Gajuwaka and Malkapuram sewerage project. While GVMC will contribute Rs 350 crore towards the Phase-II project, Andhra Pradesh Urban Infrastructure Asset Management Ltd (APUIAML) will provide Rs 180 crore as term loan equivalent to funding, GVMC sources said on Saturday.

          Tenders have already been finalised for phase I. The first phase work, worth nearly Rs 350 crore, will cover Pendurthi. The key component of the project includes developing tertiary water treatment technologies to supply treatedwater to industries.

          In all, a total of 85,000 households in Gajuwaka, Malkapuram and Pendurthi will be given underground drainage (UGD) connections.

          According to GVMC officials, the confirmed demand for treated sewerage effluent by industries was calculated as 77 MLD based on their willingness. Companies like Rashtriya Ispat Nigam Limited and Hindustan Petroleum Corporation Limited gave their in-principle approval to using the tertiary treated water, sources said.

          GVMC commissioner M Hari Narayanan said the project will provide a sewerage network in the uncovered areas in the city. “It will also help in safe disposal of sewage. It increases the fresh water availability for the general public as the tertiary treated water will be supplied to the industries in place of fresh water. Moreover, the project is completely self-sustainable as the loans and operation and maintenance costs will be met from the sale of recycled water,” said Hari Narayanan.






          https://timesofindia.indiatimes.com/...w/66572101.cms


          Please read IREF rules | FAQ's

          Comment


          • Re : Real Estate Trends in Vishakhapatnam

            Work on B’puram airport likely to begin next year

            Siva G | TNN | Nov 15, 2018, 02:33 IST

            Visakhapatnam: If all goes well, construction of the proposed greenfield airportat Bhogapuram, 60 km from the Port City, will begin in the next financial year.

            All the seven bidders in the project have been asked to complete the formalities of RFQ (Request for Qualification) by November 18, after which they will have to submit the Request for Proposal (RFP) in the next 90 days.

            Authorities of Zurich Airport, one of the four European bidders, are going on a field visit to Bhogapuram on Thursday.

            “We have given them 90 days’ time to submit the RFP as we have four foreign firms participating in the two-stage bidding. Bhogapuram is the first airport in the country for which foreign firms have shown interest,” chief executive officer (CEO) of AP Airports Development Corporation Limited (APADCL) told TOI. The winner will develop the greenfield airport in three phases, sources said. As per estimates, the airport will have a capacity to handle around 60 lakh passengers per year in the first phase. The number would be doubled (1.2 crore) by the end of the second phase. By the time the construction of the airport is completed, it would have a capacity to accommodate 1.8 crore passengers per annum, sources said.

            Phase one would be developed with an estimated cost of Rs 2,302 crore.





            https://timesofindia.indiatimes.com/...w/66626322.cms


            Please read IREF rules | FAQ's

            Comment


            • Re : Real Estate Trends in Vishakhapatnam

              Varwa threatens to move court against proposed integrated museum project

              TNN | Nov 15, 2018, 02:40 IST

              Visakhapatnam: Members of Visakhapatnam Apartment Residents Welfare Association (Varwa) is planning to stage protests and hold awareness meets and take legal action in future against VMRDA’s plans to set up the Rs 100-crore integrated museum complex and underground parking project at the Beach Road.

              The members have also raised questioned as to why the Visakhapatnam Metropolitan Regional Development Authority (VMRDA) has not uploaded the minutes of the public hearing on the project, which took place last month.

              During the hearing Vizagites had unanimously rejected the proposals for the project, stating that the project was unnecessary and detrimental to the coastal ecology and environment.

              A V Ramana Rao, vice president of Varwa said, “We will be conducting a protestmeet at the Beach Road soon and have plans to conduct pocket meetings in various parts of the city to make the public aware about the harmful effects of constructing underground parking at an erosion-prone area close to the sea. The project will adversely impact not just residents living along the Beach Road but the city as a whole and would not be a sustainable one. No environment impact assessment study has been done for the project. As for the legal action against VMRDA’s proposed project, we have not yet finalised the course of action but it has not been ruled out. A public interest litigation (PIL) will require resource mobilization, which will take some time. However, we will support if someone comes forward to file a PIL before the judiciary.”

              Vice president of Varwa also said that they will be writing to the VMRDA asking them to update the latest developments, revise the proposed project, if necessary, and also upload the minutes of the public hearing, where hundreds of people from the civil society and resident welfare associations as well as government representatives from civic and defence bodies were present.



              https://timesofindia.indiatimes.com/...w/66626377.cms


              Please read IREF rules | FAQ's

              Comment


              • Re : Real Estate Trends in Vishakhapatnam

                Public sector still fuels city’s economy, as govt pushes IT

                Shaukat Mohammed | TNN | Nov 16, 2018, 02:15 IST

                Visakhapatnam: Even as the state government is pushing to position the port city as the hub of financial technology (fintech) industry, it will be a while before the public sector, which has been the key driver of the city’s economy for many decades, is replaced by the private sector as the major creator of jobs, industry sources said.

                Last month, Andhra Pradesh chief minister N Chandrababu Naidu announced at the Vizag fintech festival, sponsored by the government, that the sector is expected to create 15,000 well-paying jobs in the next five years.

                “The committed employment in IT companies is 36,000 over the next 3-5 years, but currently there are between 22,000-23,000 workers in the IT sector in Visakhapatnam. Committed employment is the number of jobs IT companies promise to create when they seek land or office space from the government at subsidized rates,” said a government source.

                While two large and listed software companies have already set up their development centres in the city, they are yet to employ a significant number of people. While the IT sector is yet to make a significant contribution to the city’s economy, the various public sector units have been puttering along, providing stable and well-paying jobs to locals as well people from around the country, says BN Singh, a former CMD of RINL-VSP.

                According to a professor of economics at Andhra University, the PSU units and Indian Navy together account for over 60,000 jobs in the city, including 20,000 in the Indian navy and the naval dockyard. “The role of the public sector cannot be emphasized enough,” says the professor. “And most of the PSU jobs are well-paying and stimulate consumption in the city. That is the reason why so many shopping malls have come up here in the last few years,” he points out.

                RINL, the single largest employer in the city with over 18,000 employees, continue to hire people. It recently hired 573 junior trainees to replace its retiring employees. The role of the public sector in Visakhapatnam cannot be underestimated going by the outrage at the government’s plan to divest its majority stake in the Dredging Corporation of India Ltd (DCIL). The public outcry led the government to drop the divestment plan, and float the proposal to get three major ports to acquire the government’s stake in DCIL.

                “DCIL is one of the few PSUs with its headquarters in Visakhapatnam. We could not sit quietly while the government handed over the company to a privateparty,” says Ch Narasinga Rao, president of the AP unit of CITU, a trade union.






                https://timesofindia.indiatimes.com/...w/66642414.cms


                Please read IREF rules | FAQ's

                Comment


                • Re : Real Estate Trends in Vishakhapatnam

                  Residents’ association meet on November 21

                  SPECIAL CORRESPONDENT
                  VISAKHAPATNAM, NOVEMBER 19, 2018 00:00 IST
                  UPDATED: NOVEMBER 19, 2018 05:23 IST

                  Lecture on waste segregation planned

                  The first Annual General Council (AGC) of the Andhra Pradesh Federation of Residents Welfare Associations (APFERWAS) will be organised at the Integral Institute of Advanced Management (IIAM), MVP Colony, here on November 21.

                  GVMC Commissioner M. Hari Narayanan will participate as chief guest and IIAM Dean S.P. Ravindra will be the guest of honour, according to Uday Shirname, president of the federation.

                  Representatives of RWA s of the six zones in GVMC as well as from other cities of Andhra Pradesh will participate in this meeting. The APFERWAS was formed with the objective of carrying forward the ‘RWA Mission’ in Andhra Pradesh. Nearly 130 RWAs of Visakhapatnam city have come into its fold during the last two years apart from some RWAs of other cities joining it.

                  The federation has established a firm organisational structure in the six zones of the city with zonal coordinators who are constantly coordinating with the RWAs of their respective zones and helping them highlight the civic issues being faced by these micro communities to the notice of the federation.

                  The federation, in turn, has a well established mechanism to liaise with the GVMC, through frequent meetings both with the Commissioner at a higher level and the Zonal Commissioners and health officials at the zonal level.

                  New executive body

                  The AGC would also elect its new executive body for the a two-year term.

                  Two lectures on important topics waste segregation, composting and water conservation have been planned for the RWA delegates as an awareness course.







                  https://www.thehindu.com/todays-pape...le25535182.ece

                  Please read IREF rules | FAQ's

                  Comment


                  • Re : Real Estate Trends in Vishakhapatnam

                    ‘Metro Rail’ likely to gain steam

                    G.V. Prasada Sarma
                    VISAKHAPATNAM, DECEMBER 07, 2018 00:00 IST
                    UPDATED: DECEMBER 07, 2018 05:16 IST


                    AMRC gets nod for external borrowing to fund the project


                    With the State government permitting Amaravati Metro Rail Corporation Limited, overseeing the Rs. 8,330 Visakhapantam Metro Rail project, to raise funds for civil infrastructure, the project is likely to gain momentum.

                    Five agencies have been issued the Request for Proposals for Visakhapatnam Metro and the last date for the receipt of bid documents is January 21.

                    After the issue of RFP, a pre-bid meeting was held on November 16 and representative of Shapoorji Pallonji and Company Private Limited, Essel Infra Projects Limited and Adani Enterprises Limited attended it.

                    The queries and doubts raised by all the bidders were cleared and clarifications issued on November 26, according to N.P. Ramakrishna Reddy, managing director of AMRC.

                    Tril Urban Transport Private Limited and IL & FS Rail Limited are the other developers that have been issued the RFP.

                    PPP mode

                    The State government has given its approval to take up the Metro in ‘innovative Public-Private Partnership mode’ in three corridors with a total length of 42.55 km.

                    Earlier, the project cost was estimated at Rs. 8,800 crore but now it is re-validated to Rs. 8,300 crore. The detailed project report for Vizag Metro has been prepared by Delhi Metro Rail Corporation.

                    The significant bid parameters relate to the execution of civil infrastructure works for which AMRC will foot an amount not exceeding Rs. 4,200 crore and operation period support for 10 years, capped at Rs. 820 crore. The support is to make up for ridership shortfall in the initial period.

                    “Another key parameter will be which of them promises the maximum revenue after the concession period of 10 years when ridership increases,” Mr. Ramakrishna Reddy has told The Hindu.

                    The State government has permitted AMRC to raise the amount of Rs. 4,200 crore from external commercial borrowings or funding from foreign agencies or financial institutions at interest rates lower than that of Indian banks.

                    The successful developer will have to invest the remaining cost of the project under the PPP agreement.

                    Once the bids are received they will be evaluated by Urban Mass Transit Company, the transaction adviser to AMRC. It will be further evaluated by the Monitoring and Evaluation Committee of AMRC.

                    Land allotment

                    To facilitate the project, the government has agreed to allot 250 acres of government land in the vicinity of Metro for commercial development for loan repayment/debt servicing. Besides, it permitted 83 acres of government land for metro infrastructure and asked the District Collector to acquire another 12 acres of private land required.

                    The Visakhapatnam Metropolitan Region Development Authority is the nodal agency in the city during the execution.






                    https://www.thehindu.com/todays-pape...le25685727.ece

                    Please read IREF rules | FAQ's

                    Comment


                    • Re : Real Estate Trends in Vishakhapatnam

                      VMRDA to conduct EIA study on museum and tourism project

                      Shaukat Mohammed | TNN | Dec 12, 2018, 02:17 IST

                      Visakhapatnam: Visakhapatnam Metropolitan Region Development Authority (VMRDA) will be conducting an Environmental Impact Assessment (EIA) study on the integrated museum and tourism complex at the Beach Road that has turned controversial with citizen’s groups demanding that the project be dropped, claiming it would damage the beach and pose environmental hazards to residents.

                      “The assessment (of the project) is going on. But people who have raised objections want us to record their conversations and post it on the net so that they can see people’s reactions, not our responses. That is their view to which we are not agreeable,” P Basanth Kumar, the metropolitan commissioner of the VMRDA, said.

                      “Consultation is required on this type of a public project, but consultation is not compulsory. Environmental impact assessment is not being wished away. It is an important part of our project. And it will be done,” Kumar said in an exclusive interaction with TOI.

                      “As metropolitan commissioner, I do not want to spoil even an iota of the environment. We are going to enrich it. We are going to give the tourists utmost priority,” he said.

                      Asked about the objection by local residents that the project would restrict their movement, he said that the VMRDA would form a “service line for these three-four localities so that they don’t get inconvenienced by the additional traffic”.

                      Kumar said that the Coastal Regulatory Zone regulations do not apply to the integrated museum and tourism complex because “most of the construction is on the landward side”.

                      He said VMRDA would be investing up to Rs 20 crore in the project. “The project is conceptualised as a convergence project, meaning that it will be funded by several government agencies,” he said.

                      Explaining the rationale for the “convergence” funding for the project, Kumar said that the VMRDA had jurisdiction over three districts — Visakhapatnam, Vizianagaram and Srikakulam. “I cannot use all the funds in Visakhapatnam itself. That is quite a repugnant idea to several of the MLAs from Visakhapatnam. That is why we came up with the idea of convergence funding for the project,” he said.








                      https://timesofindia.indiatimes.com/...w/67050140.cms



                      Please read IREF rules | FAQ's

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X