VMRDA To Focus On Revenue Generating Initiatives
ECONOMY & POLICY

VMRDA To Focus On Revenue Generating Initiatives

Visakhapatnam Metropolitan Region Development Authority (VMRDA) prepared an action plan under the leadership of Chairperson MV Pranav Gopal and Metropolitan Commissioner N Tej Bharath to strengthen the organisation's financial position. During a review meeting on ongoing development works the Chairperson and Commissioner directed officials to emphasise the authority's finances by initiating the auction of completed layouts and plots. The initiative is intended to augment revenue streams and support the timely completion of infrastructure projects.\n\nThe Chairperson reiterated that all projects must be completed strictly within stipulated timelines and emphasised a result driven approach that requires engineers to take proactive roles. He warned that negligence or delays would not be tolerated and stated that the targets set by the government must be achieved collectively without compromise. Officials were instructed to prioritise delivery while maintaining administrative accountability.\n\nThe Metropolitan Commissioner outlined immediate corrective measures to remove bottlenecks in key infrastructure works and directed the expedited shifting of electricity poles that obstruct construction of master plan roads to ensure seamless progress. He also emphasised close coordination with the Greater Visakhapatnam Municipal Corporation for timely distribution of Transferable Development Rights to property owners affected by road widening initiatives. Transparency in the allocation process and adherence to regulatory protocols were highlighted as priorities.\n\nThe Commissioner cautioned that strict action would be taken against any lapses that could harm the organisation's reputation and urged coordinated efforts across departments to maintain momentum. Present at the meeting were Chief Engineer Vinay Kumar, Secretary Murali Krishna, Supervising Engineers Bhavani Shankar and Madhusudhan Rao along with executive engineers and other engineering staff. The administration indicated that balanced development and revenue generation will proceed in tandem to sustain urban expansion.

Visakhapatnam Metropolitan Region Development Authority (VMRDA) prepared an action plan under the leadership of Chairperson MV Pranav Gopal and Metropolitan Commissioner N Tej Bharath to strengthen the organisation's financial position. During a review meeting on ongoing development works the Chairperson and Commissioner directed officials to emphasise the authority's finances by initiating the auction of completed layouts and plots. The initiative is intended to augment revenue streams and support the timely completion of infrastructure projects.\n\nThe Chairperson reiterated that all projects must be completed strictly within stipulated timelines and emphasised a result driven approach that requires engineers to take proactive roles. He warned that negligence or delays would not be tolerated and stated that the targets set by the government must be achieved collectively without compromise. Officials were instructed to prioritise delivery while maintaining administrative accountability.\n\nThe Metropolitan Commissioner outlined immediate corrective measures to remove bottlenecks in key infrastructure works and directed the expedited shifting of electricity poles that obstruct construction of master plan roads to ensure seamless progress. He also emphasised close coordination with the Greater Visakhapatnam Municipal Corporation for timely distribution of Transferable Development Rights to property owners affected by road widening initiatives. Transparency in the allocation process and adherence to regulatory protocols were highlighted as priorities.\n\nThe Commissioner cautioned that strict action would be taken against any lapses that could harm the organisation's reputation and urged coordinated efforts across departments to maintain momentum. Present at the meeting were Chief Engineer Vinay Kumar, Secretary Murali Krishna, Supervising Engineers Bhavani Shankar and Madhusudhan Rao along with executive engineers and other engineering staff. The administration indicated that balanced development and revenue generation will proceed in tandem to sustain urban expansion.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement