The recent revision in land prices in Visakhapatnam is anticipated to make housing more expensive, affecting the real estate market. The hike in registration values of lands, flats, and agricultural lands has raised concerns among realtors and builders, particularly in terms of its impact on middle-class buyers and transaction volumes.
Visakhapatnam's special land price revision is expected to contribute 10% to revenue, with a target of Rs. 1200 crore. Discover how this revision aims to boost the state's financial performance and accommodate factors like land conversion and real estate activity.
Visakha Crime Police, led by DCP (Crime) G. Naganna, have successfully busted a chain theft ring in Vizag, apprehending ten suspects, including a father-son duo involved in multiple thefts. A total of 31 tolas of gold ornaments were recovered in connection with eleven chain theft cases across the city.