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Real Estate Trends in Vishakhapatnam

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  • Re : Real Estate Trends in Vishakhapatnam

    Visakhapatnam lacks infrastructure to deal with industrial mishaps

    Sulogna Mehta | TNN | Updated: May 10, 2020, 12:04 IST

    NDRF personnel takes part in safety precautions after Gas leaking from LG Polymers factory in Visakhapatnam on...Read More

    VISAKHAPATNAM: Even though there are many industries dealing with hazardous and toxic substances in and around the city, Vizag is not equipped to handle industrial disasters like chemical exposure, burns, accidents, and gas leakages, say medical experts as well as disaster and risk analysts.

    Located close to the city are a number of petrochemical units like HPCL and East India Petrochemicals, LG Polymers, Coromandel Fertilisers, Hindustan Zinc Limited, apart from RINL-Vizag Steel plant, NTPC-Simhadri thermal unit and Parwada Pharma City in the outskirts.

    All these industrial units have habitations and villages nearby and mishaps especially fire accidents leading to loss of lives at the steel plant or HPCL are not uncommon.
    However, the styrene vapour leakage from LG Polymers that caused a dozen deaths and around 500 hospitalisations besides affecting thousands of residents within its three-kilometre radius, has raised doubts about the Port City’s preparedness to handle such industrial disasters.

    The central government had allotted Rs 12 crore for setting up a burns ward under the National Programme for Prevention and Management of Burn Injuries (NPPMBI) at north coastal AP’s largest tertiary care hospital. However, the project got stalled as the entire civil infrastructure of King George Hospital (KGH) is being revamped.

    Head of the burns and plastic surgery department at KGH Dr P V Sudhakar said, “As part of disaster management to cater to such unexpected mishaps, a 100-bed set-up needs to be kept ready in KGH and major super-specialty hospitals. Also, most ambulances are partially equipped and lack ALS. In KGH, we have just one such ambulance.”

    Dr Muralikrishna Voonna, who is the acting president of AP Specialty Hospitals Association, said, “We have no exclusive hospital to deal with chemical burns, injuries due to toxic fumes and chemical substances. Such cases require trained doctors, nurses and paramedics right from reviving the victims on site to bringing them to the hospitals. This trained manpower is missing.”











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    • Re : Real Estate Trends in Vishakhapatnam

      Visakhapatnam authorities to complete land acquisition for housing scheme by June end

      Since the distribution of house sites was delayed, the district received an additional 25,207 new applications, which required another 750 acres of land.
      • Siva G
      • TNN
      • Updated: June 18, 2020, 14:24 IST
      File photo

      VISAKHAPATNAM: The district administration is planning to complete the land acquisition for the government’s housing for poor scheme by the end of June.

      It has already acquired more than 90% of the required land and developed layouts and plantations on it. Since the distribution of house sites was delayed, the district received an additional 25,207 new applications, which required another 750 acres of land.

      For 7,925 new beneficiaries in Visakha rural, 190 acres of land is needed, of which 127 acres of government land has been identified. The scheme will be launched on July 8.

      “We need small parcels of land around two to four acres in rural area and more is needed in the urban area,” joint collector Venugopala Reddy said.

      District authorities have acquired land from around 3,000 farmers, including pattaland and assigned land. All those who had to give up their land were given land pooling ownership certificates (LPOC).

      The government has planned to distribute around 27 lakh house sites to the poor across the state. More than 2.4 lakh people are set to benefit in Visakhapatnam district alone. As per the guidelines, beneficiaries in the rural area will get 72 square yards of plot and 50 square yards in urban area.

      “We have acquired the land, including government, assigned and small chunks of patta land. We have formed 897 layouts, including 767 layouts in government land in rural areas, including Yalamanchili and Narsipatnam municipalities, and 65 layouts in the Greater Visakhapatnam Municipal Corporation limits,” Venugopala Reddy added.

      GVMC has around 1, 78,397 beneficiaries, of which 25,080 will get houses from Township and Infrastructure Development Corporation (Tidco) that was commissioned by the previous government.

      For the remaining beneficiaries, the district authorities have acquired 3,816 acres.




















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      • Re : Real Estate Trends in Vishakhapatnam

        Speed up distribution of pattas: Principal secy

        TNN | Aug 5, 2020, 05:06 IST



        Visakhapatnam: Chief minister Y S Jaganmohan Reddy’s principal secretary Praveen Prakash visited parts of Visakhapatnam Agency on Tuesday.

        He asked local forest and revenue officials to speed up the process of distribution of pattas to tribal farmers under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006. The swathe of land is cultivated under the aegis of Vana Samrakshsna Samithi (VSS).

        Prakash trekked for over two kilometres braving the rain to Siripuram in Peda Barada panchayat in Chintapalle mandal and interacted with tribal farmers and enquired about their farming and yield. He asked officials to issue pattas to the farmers cultivating coffee under VSS and to the next of the kin in case of the death of the farmer.

        District collector V Vinay Chand, commissioner of tribal welfare Ranjit Basha, project officer of ITDA S Venkaeswarulu, principal chief conservator of forests N Prateep Kumar, chief conservator of forests P Rama Mohan Rao and other senior officials accompanied him.












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        • Re : Real Estate Trends in Vishakhapatnam

          Visakhapatnam civic body collects over Rs 151.6 crore property tax by September

          The corporation had set itself a target of Rs 380 crore in property tax, against last year’s collectible demand of Rs 350 crore. The ongoing pandemic has severely affected the civic body’s revenue in the 2019-20 fiscal.
          VISAKHAPATNAM: Despite the Covid-19 outbreak, the Greater Visakhapatnam Municipal Corporation (GVMC) has been able to over Rs 151.6 crore in property tax, including vacant land tax, by the end of the April-September cycle this financial year. In fact, this represents a marginal increase over Rs 150.7 crore in tax collection in the corresponding period in 2019-20.

          Revenue ward numbers 4, 6, 8, 16, 20 21, 39, 40, 43, 44, 50 and 66 saw an increase of at least 10% in tax collection compared to the corresponding period during the last fiscal. The corporation had set itself a target of Rs 380 crore in property tax, against last year’s collectible demand of Rs 350 crore. The ongoing pandemic has severely affected the civic body’s revenue in the 2019-20 fiscal. Due to poor collections in March, the GVMC could collect only Rs 236 crore against its target of Rs 350 crore.

          The GVMC usually collects between Rs 80 to Rs 100 crore in March – the end of the financial year. This year, collection drastically fell to Rs 10 crore in March. Tax collection for 2019-20 were far behind the Rs 300 crore collection for the 2018-19 financial year. In view of the Covid-19 outbreak, the GVMC extended the 5% early bird rebate till the end of June, which otherwise would have ended in April.

          Speaking about tax inflows this fiscal, GVMC deputy commissioner (revenue), MVD Phani Ram said the civic body created awareness among the public about taxes through autorickshaw advertising. “They were also educated on the interest which would be levied if the public fail to clear their half-yearly dues within the stipulated time,” said Phani Ram.

          This year, the GVMC tops other urban local bodies (ULBs) in the state in terms of tax collection. While a majority of ULBs have registered a downward trend in collections, the GVMC is one the few to see an improvement in collections over last year.

          However, the civic body has been struggling to collect arrears from various government and private organisations for several years now. Failure to clear dues on time has escalated the arrears of these organisations to tens of crores over the years. Interestingly, tax arrears of some of these institutions date back to two decades.















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          • Re : Real Estate Trends in Vishakhapatnam

            Around 2 lakh beneficiaries in Visakhapatnam wait for allotment of flats

            Before this exercise, the Greater Visakhapatnam Municipal Corporation (GVMC) has identified 25,000 people as beneficiaries out of 40,000 paid Demand drafts of Rs 25,000 each for the housing.
            VISAKHAPATNAM: Around two lakh beneficiaries in the greater Visakhapatnam for urban housing are eagerly waiting for the allotment of flats or sites. It is recalled that the state government is acquiring lands for more than 25 lakh beneficiaries in the state.

            As part of it, around three lakh people applied for housing in Vizag. Of which around 2 lakh people were identified as eligible beneficiaries. Before this exercise, the Greater Visakhapatnam Municipal Corporation (GVMC) has identified 25,000 people as beneficiaries out of 40,000 paid Demand drafts of Rs 25,000 each for the housing. They were also identified as eligible as per the new guidelines by the YSRCP government. They would be allotted the houses already grounded.

            The remaining eligible people would get the house sites and not the houses. Those who have paid demand drafts of Rs. 25,000 for the housing and were found ineligible would get their money back. The GVMC would re-verify those names and if they were ineligible then their money (DD amount) would be returned,, sources in the GVMC said.

            “Lists of all the beneficiaries were displayed in the ward secretariats. If anyone feels that they are eligible, they can also apply again. As per the government rules, any eligible person can get the house site in 90 days,” the GVMC commissioner G Srijana told TOI. She added that house sites for the poor is a continuous process. Even in the last three months around 3000 new applications were reached to the GVMC.

            People have applied for the house sites in October in the last year and also March and April in this year. Now, the revenue authorities are identifying around 6000 acres of land in Anakapalli, Anandapuram and Bheemili mandals for the two lakh people identified as eligible for house sites.

            GVMC commissioner Srijana said that out of three lakh applications, around 2.02 lakh people were identified as eligible, including the persons who paid 25,000 DDs (around 40,000 people who paid the DD amount) for the housing.

            Sources said that the TDP government had planned to construct one lakh houses for the urban poor a few months before the elections last year. But only 25,000 houses were constructed.














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            • Re : Real Estate Trends in Vishakhapatnam

              Unauthorised structures in Visakhapatnam under civic body lens

              The GVMC recently surrendered 11 town planning officials, who allegedly failed to discharge their duties in an effective manner, to the directorate of town and country planning to streamline the town planning activities of the corporation.
              VISAKHAPATNAM: The Greater Visakhapatnam Municipal Corporation (GVMC) has shifted its focus to unauthorised structures in Vizag city. The civic body has razed many structures, unauthorised floors, sheds and staircases over the last few days.

              The GVMC’s survey had identified several hundreds of illegal structures in the city. The GVMC recently surrendered 11 town planning officials, who allegedly failed to discharge their duties in an effective manner, to the directorate of town and country planning to streamline the town planning activities of the corporation.

              On the other hand, some builders and citizens are also violating the approved plans and opting to construct additional floors or constructing penthouses without any approvals, said sources.

              GVMC commissioner G Srijana said that the civic body would not spare anyone. “The GVMC would take stringent action against those who encroach upon the open spaces, water bodies, parking places, master plan roads and construct illegal structures. Action would be initiated against those who go for additional floors or other constructions without obtaining any permission from the civic body,” said the commissioner.

              Many Vizagites attribute the spurt in the unauthorised additional floors or structures to the Building Penalisation Scheme (BPS), under which they can regularise their constructions in the next few years.

              For example, after the reintroduction of BPS in January, 2019, the scheme has attracted about 6,100 applications under GVMC limits itself, which is an indication of the trend in constructing illegal structures. The GVMC had approved the proceedings of about 5,200 applicants, while 187 applications were rejected. However, it was learnt that the scheme would not be reintroduced again.

              The same scheme had drawn about 23,000 applications in 2007-08 in Vizag city when it was first introduced. The GVMC, by disposing about 18,000 applications after rejection of some applications, had raked in about Rs 83 crore. The scheme was relaunched again in 2015. The GVMC had initiated the application inviting process in May 2015 and drawn 13,286 applications under the scheme before its end on January 31, 2016.












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              • Re : Real Estate Trends in Vishakhapatnam

                Visakhapatnam development body to start land geo-tagging on January 1

                For this, the VMRDA has identified two land pockets—91 acres in Madhurawada and 109 acres in Paradesipalem in the suburbs of Vizag.
                • TNN
                • December 19, 2020, 18:27 IST

                VISAKHAPATNAM: The Visakhapatnam Metropolitan Region Development Authority (VMRDA) would launch its land bank digitisation initiative on a pilot basis on January 1, 2021. For this, the VMRDA has identified two land pockets—91 acres in Madhurawada and 109 acres in Paradesipalem in the suburbs of Vizag.

                VMRDA metropolitan commissioner P Koteswara Rao said the urban development authority would utilise change detection software for this purpose.

                “After completing geo-tagging and digitisation of these two land pockets, we would extend the initiative to other areas from March 2021. This would help in preventing encroachments, avoid legal issues and better utilise the assets,” said Koteswara Rao.

                The VMRDA conducted a meeting with the representatives of the National Remote Sensing Centre and a private agency on Thursday on the digitisation process. “The software would detect any physical changes made to the lands or any encroachments and send an SMS and e-mail to the concerned officials. This would also help detect unauthorised layouts in the jurisdiction of the VMRDA,” said Koteswara Rao.

                Once the digitalisation process is complete, the VMRDA would incorporate these lands in the list of 22-A prohibited properties (government lands) in the government portal to ensure that no private person can encroach on or register these lands in their names.

                Two land pockets will be geo-tagged in the first phase. The step will help prevent encroachments, avoid legal issues and better utilise assets











                Visakhapatnam development body to start land geo-tagging on January 1, Real Estate News, ET RealEstate (indiatimes.com)
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                • Re : Real Estate Trends in Vishakhapatnam

                  Outskirts of Visakhapatnam turn into hub of housing projects

                  Flats in Vizag city are becoming costlier by the day and are no more within reach of the middle-income group. Builders are looking for new locations on the city outskirts for new housing projects.
                  VISAKHAPATNAM: In the hope that Vizag will get the best infrastructure once it becomes the executive capital of Andhra Pradesh, the city seems to be growing. Realtors are now busy building affordable housing on the city outskirts and are expecting to attract the middle-income segment there.

                  Flats in Vizag city are becoming costlier by the day and are no more within reach of the middle-income group. Builders are looking for new locations on the city outskirts for new housing projects. Most new affordable housing projects are coming up at Anandapuram, Bheemili, Tagarapuvalasa, Bhogapuram in Vizianagaram and Kurmanapalem.

                  CREDAI-Vizag president, B Srinivasa Rao, said that a majority of builders believe that Vizag will get more flyovers, metro rail connectivity and other transit systems that will significantly reduce travel time between Tagarapuvalasa and Vizag.

                  Builders further believe that prices on the outskirts will be within reach of middle-income group. Over 10,000 units are coming up on the city outskirts and response from buyers has been encouraging, added Srinivasa Rao.

                  Prices of 900–1,000 square feet flats in these new housing projects on the outskirts range between Rs 28–30 lakh. In some projects, prices are a bit higher, but builders have been announcing offers to attract buyers, said K Ramachandra Rao, a builder. CREDAI members said that with Vizag set to become the executive capital of Andhra Pradesh, people from neighbouring districts and even some people from Hyderabad are enquiring about new housing projects in the city.

                  “In the present circumstances, it is difficult to buy a flat at Madhurawada, Sagarnagar, Yendada as one has to spend over Rs 50-60 lakh. Hence, we have paid advance to book a flat on the outskirts. We expect road connectivity to improve once Vizag gets capital status,” said K Siva Kumar, who recently bought a flat.










                  Outskirts of Visakhapatnam turn into hub of housing projects, Real Estate News, ET RealEstate (indiatimes.com)
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                  • Re : Real Estate Trends in Vishakhapatnam

                    Eye on suburbs as Visakhapatnam development body mulls new layouts

                    Despite selling the HIG (high-income group) and MIG (middle-income group) plots at a premium price, the auction of LIG (low-income group) plots in this layout is still pending due to technical and policy reasons.
                    VISAKHAPATNAM: The Visakhapatnam Metropolitan Region Development Authority (VMRDA) is planning to develop a few new layouts in the suburbs. The urban development authority is exploring options to develop these layouts either on its own or in a PPP (public-private partnership) model. The VMRDA has land parcels on all four sides of the city.

                    The joint venture ‘Fortune Hills’ in Dakamarri was the last layout developed up by the VMRDA back in 2016. Despite selling the HIG (high-income group) and MIG (middle-income group) plots at a premium price, the auction of LIG (low-income group) plots in this layout is still pending due to technical and policy reasons.

                    While the VMRDA did auction a few land parcels in 2019, they were not in a single layout. These land bits, scattered in various parts of Vizag city and suburbs, received overwhelming response.

                    For instance, a plot located at MVP Colony in the city, measuring 387 square yards, received the highest bid of Rs 1,08,700 per square yard against the upset price of Rs 56,400 fixed by the VMRDA. Similarly, setting a new record of Rs 95,960 per square yard in the Madhurawada area, a 230 square yard land parcel fetched a record Rs 2 crore to the VMRDA.

                    According to observers, the litigation-free nature, clear titles and leaving sufficient space for social infrastructure development make the VMRDA layouts a lucrative choice for the buyers.

                    Speaking to TOI, VMRDA metropolitan commissioner P Koteswara Rao said that urban development authority is looking for ways to mop up its revenue. “In this process, we want to develop a few layouts. We are in the process of identifying suitable land pockets for this purpose. Covid-19 has impacted the revenue of the urban development authority,” said Koteswara Rao.

                    Vizag city has witnessed a lot of attention on the realty front in the last one year, thanks to the government’s plan of making it the executive capital. There has been a clear surge in land prices by about 20–30%. This phenomenon is particularly evident on the northern side of Vizag city which has high odds of becoming the seat of power.










                    Eye on suburbs as Visakhapatnam development body mulls new layouts, Real Estate News, ET RealEstate (indiatimes.com)

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                    • Re : Real Estate Trends in Vishakhapatnam

                      Visakhapatnam: Mubarak Colony residents miffed over drains clogged with debris

                      Residents of Mubarak Colony at Yendada, considered one of the most well-maintained colonies in the city, have been facing civic issues such as clogged drainage and dumping of debris from real estate construction in the vicinity. File photo

                      VISAKHAPATNAM: Residents of Mubarak Colony at Yendada, considered one of the most well-maintained colonies in the city, have been facing civic issues such as clogged drainage and dumping of debris from real estate construction in the vicinity.

                      “Due to the lack of a proper drainage system, waste water coming out of apartments does not flow but stagnates. At some places, dumping of debris has made the situation worse as drains are getting clogged. Whenever, we have raised this issue with GVMC, their team comes and gets it cleared but within a week, the drains again get clogged again. We want a solution to this,” said Mubarak Colony residents’ welfare association (RWA) secretary, Akil Raja.

                      Since a lot of real estate activities are going on in Sagarnagar and Yendada areas surrounding the colony, truckloads of debris loaded from construction sites around are dumped in the colony at odd hours, some of which enter and choke the drains, allege residents.

                      “There needs to be a proper eco-system, regulated by the civic authorities to dump construction debris in government designated places and not in some other colony. Also, the dug-up patches for underground cable works are not being levelled, resulting in two-wheeler accidents and protruding rocks on uneven roads which are causing damage to cars,” said Adnan Sabuwala, a spokesperson from the colony.

                      Abizer Madraswala, secretary of Dawoodi Bohra jamat added, “We are ready to extend every cooperation to the GVMC including organizing weekly clean-up drives for our colony’s maintenance, but there needs to be a permanent solution to the drainage and debris issues.”

                      When contacted, GVMC officials said that sanitation secretary and inspectors in every zone can look into this issue and take the required action regarding drainage. Regarding the debris issue, GVMC assistant city planner Aruna Valli said, “In each zone, there is a provision to collect construction debris from the designated collection points and transport it to the dumping site.”












                      Visakhapatnam: Mubarak Colony residents miffed over drains clogged with debris, Real Estate News, ET RealEstate (indiatimes.com)
                      Last edited February 25 2021, 08:16 PM.
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