+
Visakhapatnam civic body gets 30% more in building plan charge
ECONOMY & POLICY

Visakhapatnam civic body gets 30% more in building plan charge

The Greater Visakhapatnam Municipal Corporation received 6,755 online applications for building plan approvals in 2022. The civic body has so far given nod for 5,025 plans, while it rejected 26 applications on various grounds. The remaining 1,704 applications are in various stages of processing.

The GVMC realised Rs 2.08 billion revenue by approving these plans in 2022. There is more than 30% increase in its revenue compared to the Rs 1.50 billion that it could gain through building plan approval charges in 2021. The GVMC received 6,144 applications in 2021.

Of the nearly 6,500 that the corporation scrutinised in both 2021 and 2022, about 5,500 applications came from the individual residences. About 500 applications were related to the apartment developers. The remaining applications fell into other categories. Similarly, the civic body collected 670 million more property tax in 2022 compared to that of the corresponding period last year.

In absolute terms, the GVMC realised Rs 2.64 billion property tax as of December 20 compared to 1.97 billion in 2021. The property tax collections stood at 112 crore in April alone with 5% early bird offer this year compared to 81 crore in April 2021.

GVMC commissioner P Raja Babu said the GVMC has renewed its focus on increasing its revenue sources. It aims to collect 67 crore more property tax in 2022 compared to last year. Even on the long-pending arrears front, several organisations paid 35 crore out of the 100 crore dues. Negotiations are on to collect the entire tax dues.

The GVMC will streamline its revenue generation by the end of this fiscal, including parking fees, shop leases, building plan approval charges, vacant land tax, etc. The GVMC will also explore new revenue generation avenues.

Also Read
Anil Kumar Lahoti next Railway Board Chairman, CEO.
ADB and JICA starts evaluating loan proposals for Delhi

The Greater Visakhapatnam Municipal Corporation received 6,755 online applications for building plan approvals in 2022. The civic body has so far given nod for 5,025 plans, while it rejected 26 applications on various grounds. The remaining 1,704 applications are in various stages of processing. The GVMC realised Rs 2.08 billion revenue by approving these plans in 2022. There is more than 30% increase in its revenue compared to the Rs 1.50 billion that it could gain through building plan approval charges in 2021. The GVMC received 6,144 applications in 2021. Of the nearly 6,500 that the corporation scrutinised in both 2021 and 2022, about 5,500 applications came from the individual residences. About 500 applications were related to the apartment developers. The remaining applications fell into other categories. Similarly, the civic body collected 670 million more property tax in 2022 compared to that of the corresponding period last year. In absolute terms, the GVMC realised Rs 2.64 billion property tax as of December 20 compared to 1.97 billion in 2021. The property tax collections stood at 112 crore in April alone with 5% early bird offer this year compared to 81 crore in April 2021. GVMC commissioner P Raja Babu said the GVMC has renewed its focus on increasing its revenue sources. It aims to collect 67 crore more property tax in 2022 compared to last year. Even on the long-pending arrears front, several organisations paid 35 crore out of the 100 crore dues. Negotiations are on to collect the entire tax dues. The GVMC will streamline its revenue generation by the end of this fiscal, including parking fees, shop leases, building plan approval charges, vacant land tax, etc. The GVMC will also explore new revenue generation avenues. Also Read Anil Kumar Lahoti next Railway Board Chairman, CEO. ADB and JICA starts evaluating loan proposals for Delhi

Next Story
Infrastructure Transport

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Next Story
Infrastructure Urban

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Next Story
Infrastructure Urban

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App