Visakhapatnam civic body gets 30% more in building plan charge

29 Dec 2022 CW Team

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

Infrastructure Urban

03 Nov 2025

VE Commercial Vehicles Reports 13.2% Sales Growth in October

VE Commercial Vehicles (VECV)—a joint venture between Volvo Group and Eicher Motors—recorded sales of 8,050 units in October 2025, up 13.2 per cent from 7,112 units in October 2024. The tally includes 7,771 Eicher brand units and 279 Volvo brand units. Eicher-branded trucks and buses posted sales of 7,771 units in October 2025 against 6,911 units a year earlier, reflecting 12.4 per cent growth. In the domestic market, Eicher sold 7,070 units compared with 6,611 units in October 2024—a rise of 6.9 per cent. On the exports front, VECV achieved a robust increase, selling 701 units versus ..

BorgWarner Batteries to Power HOLON’s Autonomous Shuttle

BorgWarner, a global leader in sustainable mobility solutions, has secured a contract to supply its advanced battery system for the new HOLON urban—a 15-seater, Level 4 autonomous, fully electric shuttle developed by the BENTELER Group. This marks BorgWarner’s first contract for an autonomous vehicle battery system in North America. Each shuttle will feature two lithium nickel manganese cobalt oxide (NMC) 5AKM 157 cylindrical cell battery packs, each equipped with an integrated, replaceable contactor box and a multi-pack controller. The 57 kWh battery packs feature a modular design, stain..

AtoB to Acquire India’s LogiPe in Global Fleet Fintech Expansion

LogiPe, a leading Indian fintech specialising in real-time payments and fleet solutions, has announced its upcoming acquisition by AtoB, a global financial services company transforming fleet payments and spend management. The move aims to strengthen AtoB’s worldwide capabilities in delivering next-generation financial services for fleet owners and operators. Founded in 2022, LogiPe works with over 10,000 fleet owners across India, offering prepaid card-based payment solutions to logistics players such as Bigstock Logistics and Instant Transports. The company pioneered real-time payments an..