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Real Estate Trends in Vishakhapatnam

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  • Re : Real Estate Trends in Vishakhapatnam

    Visakhapatnam: Two years on, Chilakapeta residents still await houses

    The residents of this housing complex had been provided temporary accommodation in Madeenabagh, near the Vizag Steel Plant, located far away from Chilakpeta. Umamaheswara Rao | TNN | August 24, 2019, 14:30 IST


    VISAKHAPATNAM: Two years have passed since the Greater Visakhapatnam Municipal Corporation (GVMC) vacated a dilapidated housing complex in Chilakapeta in One Town area with the promise to provide its residents new housing facilities in the same location.

    However, the promise has remained unfulfilled till date and the construction of the two-block housing complex was stopped a few weeks ago.

    The residents of this housing complex had been provided temporary accommodation in Madeenabagh, near the Vizag Steel Plant, located far away from Chilakpeta.

    This however created several problems for residents, as most people who lived in the housing complex work in the nearby Port and other industries located close to their home. As a result, they have had to seek out rental accommodation in and around Chilakpeta itself.

    The evacuation of this housing complex in Chilakpeta was the first of such initiatives taken up by the GVMC in the recent past, wherein the civic body decided to construct a new housing facility for residents in the same place after razing the structure.

    This building in Chilakpeta had been constructed some four decades ago and had broken down considerably. The walls of the building had suffered damages and the roofs had partially collapsed. Even then, some residents were initially apprehensive of vacating their housing.

    GVMC authorities had then counselled them, cautioning them against the dangers of living in such a dilapidated structure. The Andhra Pradesh Township and Infrastructure Development Corporation (APTIDCO) had been tasked with the responsibility of the construction.


    However, subsequently the project was tendered out to a private agency. According to sources, the ban on sand transportation and the consequent sand shortage has affected the construction of houses.

    When TOI, visited the area on Friday, Illa Nookaraju, a resident who had been promised a new housing facility complained about the delay in works.

    “They promised to complete the works in 18 months and hand over the complex to us this March. We are not in a position to afford rent any more,” he said.

    Ch Krishnaveni, another resident said, “Even though we were provided temporary accommodation in a far-off place, several families had to stay back in the area as our children study in nearby schools and our workplaces are located close by. “











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    • Re : Real Estate Trends in Vishakhapatnam

      Proposed Visakhapatnam metro to boost affordable housing in outskirts: Builders

      Developers feel that the price of real estate would escalate once the deadline for the metro rail project comes closer. Arpit Basu | TNN | October 06, 2019, 10:11 IST

      VISAKHAPATNAM: The Andhra Pradesh government’s plan to extend the proposed metro rail project into the city’s outskirts has real estate developers excited. Many realtors are now planning to construct housing societies in these areas to cater to low and middle income groups.

      Developers feel that the price of real estate would escalate once the deadline for the metro rail project comes closer.

      Therefore, they now intend to woo the working classes who they assume will be using the metro on a regular basis but will not be able to afford high-value property.

      Former president of the Visakhapatnam chapter of Confederation of Real Estate Developers Association of India (Credai), Koteswara Rao told TOI, “A large section of the middle and lower-middle class live in rental homes in Gajuwaka and southern outskirts of the city as well as in Kommadi and Madhurawada.”

      “They might prefer to buy property and settle there permanently. Given the appreciation rate, we expect that they might be able to afford homes in areas where the metro network is slated to go. So we have decided upon such MIG (middle-income group) and LIG (low-income group) projects, “ he added.

      Developers said that the price of these flats would be less than Rs 25 lakh.

      Since these projects will come under the Pradhan Mantri Awas Yojana, buyers will get a discount on interest on home loans and other benefits, and hence be able to afford the flats.

      At the present rate, the rate in the interiors of Gajuwaka and Kommadi is around Rs 3,000 per square feet. The rate of properties located on or around the highways hovers around Rs 3,500 to Rs 4,000 per square feet.


      Developers state that the rate will increase by at least 35 to 40 per cent as soon as construction work begins.

      M Srinivas, a real estate developer said, “We have already started marketing our upcoming projects in these localities stating that these projects are going to come up near areas from where it will be easy to use the metro services.”

      However, there is still one thing that developers have to worry about.

      “Vizagites living here for generations already have their own properties. There are a few to stay in rental homes and would prefer to buy one in years. But where are the new buyers? Unless the state and central governments encourage new industries in the Port City, new people won’t migrate to the city,” Koteswara Rao maintained.









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      • Re : Real Estate Trends in Vishakhapatnam

        Visakhapatnam civic body receives nearly two lakh applications under housing scheme

        Beneficiary lists are currently on display at zonal and ward offices of the GVMC.TNN | October 24, 2019, 14:30 IST

        VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has received 2.93 lakh applications under the housing scheme of the state government. Around 1.87 lakh applicants out of 2.93 will be beneficiaries after the newly introduced multi-layered verification process is complete.

        Beneficiary lists are currently on display at zonal and ward offices of the GVMC. The civic body will continue to receive fresh applications as well as objections and queries from the rejected 1.06 lakh applicants till the end of the month.

        Speaking to TOI, GVMC commissioner G Srijana said that a rigorous verification process was followed to select beneficiaries.

        “The multi-layered verification process used a set of predefined parameters to filter out ineligible beneficiaries. The system even identifies if the applicant owns a pucca house or possesses land in his/her name in other districts apart from other parameters. The urban community development (UCD) wing of the GVMC covered about five lakh households in the city to identify eligible beneficiaries for the housing scheme. But the rejected applicants can submit fresh applications to the GVMC officials during the ward-level and zonal-level meetings, which will be conducted till October 31, by correcting the discrepancies” said Srijana.

        GVMC UCD project director Y Srinivasa Rao said even applicants who submitted a demand draft (DD) or were declared an eligible beneficiary in the earlier survey conducted two years ago have to submit a fresh application, along with a photocopy of the DD.











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        • Re : Real Estate Trends in Vishakhapatnam

          Celebrity Towers' buyers protest against Shriram Properties for delay in possession

          ​​The protest was led by G Ramesh Babu, President and K Jagadish, General Secretary of Celebrity Towers All town association. TNN | November 10, 2019, 10:57 IST

          VISAKHAPATNAM: Members of the Celebrity Towers All town association staged a protest against Shriram properties at the GVMC Gandhi Statue junction here on Monday, demanding the management immediately hand over the flats the protesters had paid for.

          The protest was led by G Ramesh Babu, President and K Jagadish, General Secretary of Celebrity Towers All town association.

          They also staged a protest near Shriram properties Yendada office, where protesters cooked their food and ate it during the protest.

          The association claims that Shriram properties has been promising them for almost four years that the flats allotted to to them would be handed over to them, but there has been no move done in that regard so far.

          The protesters said that they were at the mercy of the Shriram Properties management which was responsible for the delay and urged the civic authorities to come to their rescue.














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          • Re : Real Estate Trends in Vishakhapatnam

            Violations led to Lulu project cancellation: Andhra Pradesh tourism minister

            The minister, who held a review meeting with GVMC officials on sanitation, seasonal diseases and town planning, alleged that the most expensive land pocket in the heart of the city was given to Lulu group at throwaway price.TNN | November 23, 2019, 16:00 IST

            VISAKHAPATNAM: Tourism minister M Srinivasa Rao on Friday claimed there were several violations in the land allocation as well as bidding process for the proposed mega convention centre in the city by Lulu group.

            The minister, who held a review meeting with GVMC officials on sanitation, seasonal diseases and town planning, alleged that the most expensive land pocket in the heart of the city was given to Lulu group at throwaway price.

            “Moreover, the convention centre on beach road, which already witnesses huge crowds during weekends, is not a suitable location for the project. The government cancelled the MoU taking all these factors into consideration, not because of differences with N Chandrababu Naidu,” he said.

            Srinivasa Rao further said there is a clear drop in the number of vector-borne diseases within GVMC limits as compared to last year.

            “While the city registered about 1,464 dengue cases last year, it is about 679 cases this year. The number of malaria cases this year is only 83 compared to 416 in 2018,” he observed.

            The minister also set Dec 10 as deadline for GVMC officials to repair damaged roads in the city. He also asked them to make the bus rapid transit system project operational in the next one-two months. “Several educational institutions operate out of commercial complexes. The GVMC should launch a special drive to identify such institutions, which pose a threat to safety of students during fire mishaps and other disasters,” he said.











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            • Re : Real Estate Trends in Vishakhapatnam

              Lokayukta issues notice to Visakhapatnam civic body over illegal buildings

              According to the complaint, the town planning wing allegedly colluded with persons involved in illegal constructions in the city.Siva G | TNN | November 26, 2019, 18:00 IST

              VISAKHAPATNAM: The lokayukta issued a notice to the commissioner of the Greater Visakhapatnam Municipal Corporation (GVMC) to submit a report on illegal constructions in the city.

              According to the complaint, the town planning wing allegedly colluded with persons involved in illegal constructions in the city.

              One A Narayana Rao lodged a complaint with the lokayukta on November 2, 2018, claiming that the GVMC town planning wing has supported illegal constructions and is involved in corruption. He urged the lokayukta to inquire, investigate and take action against officers concerned.

              The complaint relates to the illegal construction of the fourth floor in a building in Ramalayam in ward number 3, zone I, Greater Vizag.

              The complaint was registered through the Puraseva application as well as with the town planning wing. Narayana Rao, meanwhile, has said that no action was taken even after he lodged three complaints and construction work was underway.


              In the meantime, the complainant said the foundation for the fourth floor had been laid and GVMC staff had leaked the complaint notice to the constructor. Narayana Rao also said corruption in construction was not confined to ward number 3 but is rampant under the GVMC’s jurisdiction.

              He also attached reports of other illegal constructions in the city as published in various newspapers and urged the lokayukta to take action.

              When contacted, GVMC commissioner G Srijana told TOI that she would ensure the affidavit is submitted to the lokayukta.









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              • Re : Real Estate Trends in Vishakhapatnam

                Need to identify land for housing soon: Vizianagaram collector

                The district collector announced that 800 acres of land has been identified so far and the land is being prepared for housing projects. Jawahar Lal added that another 600 acres of land needs to be identified.TNN | November 29, 2019, 15:00 IST

                VISAKHAPATNAM: District collector of Vizianagaram, M Hari Jawahar Lal urged RDOs and revenue authorities on Thursday to identify government land for the housing construction project being taken up in the state by the government.

                The district collector announced that 800 acres of land has been identified so far and the land is being prepared for housing projects. Jawahar Lal added that another 600 acres of land needs to be identified.

                He further said that more than 1,400 acres of land will be required considering the total number of beneficiaries. “Officials must speed-up the process of identifying and securing government land and acquire private land if need be,” he said, while pointing out that land acquisition will be a lengthy and expensive process.

                Joint collector M Venkataramana Reddy said that the process of land identification as well as of securing the properties must be completed soon as house construction will have to begin during Ugadi.












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                • Re : Real Estate Trends in Vishakhapatnam

                  Visakhapatnam: 5,000 acres of government land to be surveyed for housing scheme


                  He further added that field level teams have been appointed to conduct a spot survey to find out the present status of all government land.TNN | December 19, 2019, 18:30 IST File photo


                  VISAKHAPATNAM: District joint collector M Venugopal Reddy announced on Wednesday that the administration would take up the task of surveying 5,000 acres of government land for housing purpose in the next five days.

                  Making the announcement, here on Wednesday at the collectorate, the joint collector observed that the exercise was being taken up as part of the Navaratna- Housing for Poor scheme. He urged associate departments to coordinate and ensure the successful implementation of the programme.

                  He further added that field level teams have been appointed to conduct a spot survey to find out the present status of all government land.

                  Venugopal Reddy ordered the tahsildars to ensure the successful completion of the audit survey and provide land records such as the Fair Adangal, 1-B, SF-A, FMB, village map and other records to help conduct the audit survey and identify the squatters on government land. He further added that the details of the audit survey must be compiled and updated online on a daily basis.












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                  • Re : Real Estate Trends in Vishakhapatnam

                    Municipal water eludes Visakhapatnam suburbs as residents, builders tussle over charges

                    While developers and flat owners blame the GVMC for being reluctant to provide them with water connections, officials of the civic body claim that most apartments do not comply with the mandatory civic norms. Arpit Basu | TNN | Updated: December 31, 2019, 17:11 IST

                    VISAKHAPATNAM: Many apartment complexes, both small and big, do not have water connection from the Greater Visakhapatnam Municipal Corporation (GMMC) in residential suburbs like Madhurawada, PM Palem and Yarada. While developers and flat owners blame the GVMC for being reluctant to provide them with water connections, officials of the civic body claim that most apartments do not comply with the mandatory civic norms.

                    “All necessary documents and taxes were paid to GVMC about eight months back. But the civic body is yet to provide water connections,” alleges Shiv Varma, a real estate developer who has a few projects in Madhurawada area.

                    Residents, however, are blaming both the developers and the civic body for their plight. “We have already complied with all norms as briefed by the GVMC officials. But even after eight months we have not received the connections,” said A Ashoka Kumar, a PM Palem resident.

                    Most residents in these areas are dependent on underground water for their daily needs. But many borewells do not have the capacity to meet the water needs of the areas which are growing at a fast pace. The problem becomes particularly acute during the summer season, when the water level dips.

                    Representatives of CREDAI too said that most developers comply with the norms. But as per the GVMC’s resolution, it is the duty of all residents (flat owners) to complete the final formalities once they take possession of the flats. “We can’t escape without completing the formalities. Our job is to pay the application amount for water supply while submitting the building plan without which it won’t be sanctioned,” said P Kotweshwara Rao, former president of Visakhapatnam chapter of CREDAI.

                    Most of the houses in these localities came up when there was no GVMC water connection. As per the norms, there are charges for different categories of flats and complexes which exclude the installation charges (for pipelines and meters). Finally, the users need to pay the usage charge for the water they consume,.

                    A senior GVMC official explained that though the developers had paid the connection charges at the time of sanction of the building plan, the tussle starts at the time of installation on who would pay the installation charges. “Developers refuse to pay the installation charges, arguing that it’s no more their responsibility as they have already sold the flats. But the residents say it’s the developers’ duty to pay the installation charges. Several applications are pending at our zonal offices. As of now, only a few residents have paid the charges and complied with the norms. But we can’t provide water individually and have to wait until and unless all residents of the affected complexes comply with the norms,” he explained.











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                    • Re : Real Estate Trends in Vishakhapatnam

                      SIT finds violation in land allotments in Visakhapatnam

                      The SIT chief Vijay Kumar on Friday told media that there were violations in land allotments, issuances of no objection certificates. Siva G | TNN | January 04, 2020, 18:00 IST



                      VISAKHAPATNAM: The Special Investigation Team (SIT) probing the alleged tampering of government land records is likely to submit an interim report on January 10.

                      The SIT chief Vijay Kumar on Friday told media that there were violations in land allotments, issuances of no objection certificates. “Officers ranging from mandal revenue rank, collectorate and higher level officials were involved in some cases. We will name the beneficiaries and the officers in our report,” Vijay Kumar said.

                      YV Anuradha, member, SIT, said they would recommend criminal action against a few officers for violation of rules. “We will examine whether the officers had followed the procedure or not,’ she said.

                      The SIT had focused on three subjects – change of classification of land, most probably 22 A, NOC lands given to ex-servicemen and political sufferers and government lands allotted to private institutions and individuals.

                      Of the 266 petitions on land classification change, 257 were referred to tahsildars and 111 reports reached the SIT. Sixty-one petitions were rejected, 19 cases examined and recommended to the collector to delete 22 A on those lands.

                      Bhaskara Rao, member, SIT, said they would recommend action against the officers found involved in tampering of records.

                      “We have identified the officers who were involved in the illegal activity. If necessary, we will go for field verification of land,” he said.

                      The SIT said it has informed petitioners about the status of their petition, including petitions were rejected or accepted.

                      The SIT received 43 NOC petitions and examined 68 petitions given to the previous SIT—30 cases were examined and would be part of the interim report.















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