VMRDA to process several layout regularisation scheme applications

16 Mar 2022 CW Team

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) is yet to process thousands of applications obtained under the layout regularisation scheme (LRS).

The VMRDA obtained approximately 4,400 applications under the LRS scheme. While problems like incomplete applications have been hindering the scrutiny process on the part of the VMRDA, some applicants complain of delayed processing and subsequent disposals of their applications.

VMRDA authorities told the media that they expedited the processing of the applications in recent weeks. While the development of plots in the approved layouts will be limited to somewhere about 60 cents of an acre, the illegal layout developers will sell off over 80 cents of land as it would not conform to the specified guidelines or zoning regulations.

As per VMRDA officials, penalisation charges would be fixed based on plot size and the value of the land. The charges will be calculated based on the prevailing market value as of August 31, 2019. The scrutiny of single plot regularisation will be done based on the in-principle layout pattern sanctioned by the concerned competent authority. Unapproved layouts not included under the scheme will be treated as continuing offences.

Image Source

Also read: VMRDA identifies three areas for MIG plot development in Vizag suburbs

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..