+
VMRDA To Focus On Revenue Generating Initiatives
ECONOMY & POLICY

VMRDA To Focus On Revenue Generating Initiatives

Visakhapatnam Metropolitan Region Development Authority 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 on Monday, the chairperson and commissioner directed officials to emphasise the authority's revenues by initiating the auction of completed layouts and plots. The measures were framed to bolster internal resources and reduce dependence on external funding.

Pranav Gopal reiterated that all projects must be completed within stipulated timelines and instructed engineers to adopt a proactive approach to delivery. He warned that negligence and delays would not be tolerated and emphasised collective achievement of government targets without compromise. Officials were asked to work in a coordinated manner across departments to meet deadlines and improve accountability.

Commissioner N Tej Bharath outlined immediate corrective measures to remove bottlenecks in key infrastructure works and directed concerned officials to expedite the shifting of electricity poles that obstructed the construction of master plan roads. He linked the removal of such obstacles to seamless progress of urban expansion projects and urged timely completion of priority stretches. The commissioner also stressed close coordination with the Greater Visakhapatnam Municipal Corporation for transparent and timely distribution of Transferable Development Rights to property owners affected by road widening.

The commissioner cautioned that strict action would be taken against any lapses that could impact the organisation's reputation and asked officials to maintain high standards of conduct and supervision. Chief engineer Vinay Kumar, secretary Murali Krishna, supervising engineers Bhavani Shankar and Madhusudhan Rao, along with executive engineers and other engineering staff, attended the meeting. The authority expects that the focus on auction revenues and project discipline will strengthen its fiscal health and accelerate urban development activities.

Visakhapatnam Metropolitan Region Development Authority 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 on Monday, the chairperson and commissioner directed officials to emphasise the authority's revenues by initiating the auction of completed layouts and plots. The measures were framed to bolster internal resources and reduce dependence on external funding. Pranav Gopal reiterated that all projects must be completed within stipulated timelines and instructed engineers to adopt a proactive approach to delivery. He warned that negligence and delays would not be tolerated and emphasised collective achievement of government targets without compromise. Officials were asked to work in a coordinated manner across departments to meet deadlines and improve accountability. Commissioner N Tej Bharath outlined immediate corrective measures to remove bottlenecks in key infrastructure works and directed concerned officials to expedite the shifting of electricity poles that obstructed the construction of master plan roads. He linked the removal of such obstacles to seamless progress of urban expansion projects and urged timely completion of priority stretches. The commissioner also stressed close coordination with the Greater Visakhapatnam Municipal Corporation for transparent and timely distribution of Transferable Development Rights to property owners affected by road widening. The commissioner cautioned that strict action would be taken against any lapses that could impact the organisation's reputation and asked officials to maintain high standards of conduct and supervision. Chief engineer Vinay Kumar, secretary Murali Krishna, supervising engineers Bhavani Shankar and Madhusudhan Rao, along with executive engineers and other engineering staff, attended the meeting. The authority expects that the focus on auction revenues and project discipline will strengthen its fiscal health and accelerate urban development activities.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code