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

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Next Story
Infrastructure Urban

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Next Story
Infrastructure Urban

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement