Visakhapatnam Civic Body Earns Rs 1.10 Bn from Online Approvals
ECONOMY & POLICY

Visakhapatnam Civic Body Earns Rs 1.10 Bn from Online Approvals

The Greater Visakhapatnam Municipal Corporation (GVMC) approved 3,385 building plan applications through its online building permission management system in 2024-25, generating an income of Rs 1.10 billion. GVMC Mayor G Hari Venkata Kumari and Commissioner P Sampath Kumar stated that the civic body also processed 2,738 applications through the layout regularisation scheme.

They mentioned that 2,686 of these cases were resolved, generating Rs 650.71 million in revenue. The officials also noted that work was on-going on 15 master plan roads covering 84.84 kilometres across the city. GVMC set a property tax collection target of Rs 4.70 billion for 2024-25, with Rs 2.84 billion collected by December 16. Under the early bird offer, property taxpayers were given a 5 per cent discount, which resulted in Rs 1.18 billion in revenue for GVMC in just one month (April). The new property tax assessments led to an increase of Rs 300 million in demand. Mayor Hari Kumari urged property taxpayers to pay on time to assist in the city's development.

Sampath Kumar, Commissioner, mentioned that the civic body's efforts in sanitation management had been recognised by the state government. He added that Chief Minister Chandrababu Naidu had presented the ‘Swachh Bhagidari’ award to GVMC on October 2. He also highlighted that GVMC had received the first-place award for providing loans to street vendors under the PM Svamitva Scheme. He informed that, to make the city plastic-free, GVMC would implement a ban on single-use plastics starting January 1.

The Greater Visakhapatnam Municipal Corporation (GVMC) approved 3,385 building plan applications through its online building permission management system in 2024-25, generating an income of Rs 1.10 billion. GVMC Mayor G Hari Venkata Kumari and Commissioner P Sampath Kumar stated that the civic body also processed 2,738 applications through the layout regularisation scheme. They mentioned that 2,686 of these cases were resolved, generating Rs 650.71 million in revenue. The officials also noted that work was on-going on 15 master plan roads covering 84.84 kilometres across the city. GVMC set a property tax collection target of Rs 4.70 billion for 2024-25, with Rs 2.84 billion collected by December 16. Under the early bird offer, property taxpayers were given a 5 per cent discount, which resulted in Rs 1.18 billion in revenue for GVMC in just one month (April). The new property tax assessments led to an increase of Rs 300 million in demand. Mayor Hari Kumari urged property taxpayers to pay on time to assist in the city's development. Sampath Kumar, Commissioner, mentioned that the civic body's efforts in sanitation management had been recognised by the state government. He added that Chief Minister Chandrababu Naidu had presented the ‘Swachh Bhagidari’ award to GVMC on October 2. He also highlighted that GVMC had received the first-place award for providing loans to street vendors under the PM Svamitva Scheme. He informed that, to make the city plastic-free, GVMC would implement a ban on single-use plastics starting January 1.

Next Story
Infrastructure Transport

Tunnelling Begins for Thane–Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Next Story
Infrastructure Transport

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Next Story
Infrastructure Energy

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement