Visakhapatnam: Prices fixed for middle income group layouts

April 30, 2022
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Representative Image

VISAKHAPATNAM: The Visakhapatnam Metropolitan Region Development Authority (VMRDA) is inviting applications from prospective buyers for the six MIG (middle income group) layouts being developed in Vizag suburbs and Vizianagaram district. The state-level committee has fixed rates (per square yard) for plots in these layouts.

The prices range between 14,000 to 18,000 per square yard for the plots in four layouts that are being carved out in Anandapuram mandal in Vizag suburbs. The plots in two different layouts in Vizianagaram will be sold at 6,500 and 7,500 per square yard. These six layouts will be spread in about 337 acres, paving the way for 2,749 plots.

These layouts are coming up in GS Agraharam-1 (Anandapuram mandal of Visakhapatnam), Ramavaram (Anandapuram), Palavalasa (Anandapuram), GS Agraharam-II (Anandapuram) and Raghumanda (Denkada mandal of Vizianagaram) and Jiyyannavalasa (Bondapalli of Viziangaram).

In the recent auction conducted by the VMRDA, two plots in its Fortune Hills layout near Anandapuram have been sold at 20,100 per square yard. Considering the market scenario, the MIG layouts may attract a good number of applications.

The state government is developing MIG plots in the urban local bodies across the state under ‘Jagananna Smart Towns’ in a bid to provide housing sites for the middle-income groups. The decision has been taken considering the fact that they have not been covered in any government welfare or housing schemes. The demand survey for the MIG plots under this scheme received about 3.9 lakh applications from interested parties from across the state.

Before setting on the layout development, the revenue department completed the land acquisition for the VMRDA MIG layouts. Then the VMRDA sent the proposals to the state level committee for fixation of price. According to the VMRDA officials, the pricing in any urban body depends on the cost involved in the land pooling, layout development and creation of infrastructure.

As per the guidelines of the scheme, the location of the site proposed for MIG layouts shall have demand for house sites. Existing employment opportunities available in the area need to be considered to decide the site location. Common facilities like school, transportation, medical facilities, etc. should be within proximity of the layout.

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