CREDAI Visakhapatnam has urged the stamps and registration department to implement a project ID-based framework under CARD 2.0. This initiative aims to streamline registration for large residential projects by reducing repetitive data entry and verification processes. The proposed system would enhance efficiency and speed up registrations for developers and applicants.
Andhra Pradesh's urban local bodies amassed over Rs 1,010 crore in property tax during April, showcasing a substantial 24.1% increase from the previous year. This leap in revenue can be credited to a comprehensive revenue strategy that incorporates advanced GIS property mapping, drone surveys, and user-friendly digital dashboards.
Greater Visakhapatnam Municipal Corporation (GVMC) witnessed a significant 50% surge in property and vacant land tax collections for April, reaching Rs 230 crore. This increase was driven by a 5% early bird rebate and a government waiver on interest for outstanding dues paid by April 30, encouraging timely payments.
The Andhra Pradesh High Court has ordered the demolition of illegal structures at a beach resort near the Thotlakonda Buddhist monument. The resort, built on land leased by APTDC and allegedly subleased for unauthorized expansion including permanent concrete structures, violated Coastal Regulation Zone norms. The court directed the GVMC to demolish the constructions within three weeks.
Property owners in the state will now benefit from a 50% discount on vacant land tax during construction. This policy shift, effective from construction commencement until occupancy certificate issuance, aims to stimulate building activity and alleviate financial pressure. Officials emphasized this move will encourage timely project completion and better land utilization across urban areas.
The Andhra Pradesh government is pushing to approve layout regularisation applications quickly. This scheme aims to bring unauthorized layouts into the legal framework. The deadline is approaching next week. Officials are directed to clear eligible applications without delay. This initiative seeks to boost state revenue and promote planned urban development. Over 61,000 applications have been received.
The Greater Visakhapatnam Municipal Corporation (GVMC) is conducting a comprehensive survey of 66 slums to assess development levels. Slums meeting certain criteria will be denotified, while others, like Velampeta and Indira Nagar, will undergo redevelopment through a public-private partnership. This initiative aims to transform the city into a slum-free zone with new high-rise residential apartments.
UltraTech Cement has commissioned three new grinding units with a combined capacity of 8.7 MTPA, taking its domestic cement capacity to 200.1 MTPA. The company is targeting 240 MTPA capacity with ongoing expansion projects backed by ₹16,000 crore capex.
Andhra Pradesh is launching its largest-ever energy efficiency initiative under PMAY, partnering with EESL and AP SEEDCO to provide star-rated appliances to five lakh beneficiaries. This move aims to improve beneficiaries' quality of life and ensure monetary savings, marking a significant step towards sustainable housing at scale.
Greater Visakhapatnam Municipal Corporation (GVMC) achieved a significant 22% increase in property and vacant land tax collection, reaching Rs 620 crore for 2025-26. This surge, driven by expanded tax bases and focused vacant land assessments, surpassed initial targets. Enhanced administrative efforts and a 50% interest waiver also contributed to the impressive revenue growth.
Andhra Pradesh cabinet has approved a draft resolution to be presented in the assembly, seeking an amendment to the State Reorganisation Act to legally establish Amaravati as the sole capital. This move aims to prevent future regime changes from altering the capital.
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