Land acquisition for Bhogapuram airport fast-tracked – ET RealEstate

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VISAKHAPATNAM: The foundation stone for the greenfield international airport at Bhogapuram in Vizianagaram district is likely to be laid in the last week of April or the first week of May. The district administration is in the process of completing land acquisition for the project.

GMR group inked an agreement with the state government to develop Bhogapuram International Airport in June 2020. Works were to have started in August 2020 and completed by 2023. However, work is yet to begin due to incomplete land acquisition.

Bhogapuram airport will provide air connectivity to the north-coastal districts of Visakhapatnam, Vizianagaram and Srikakulam.

The state government is planning to provide road and rail connectivity to Vizag from the airport. The Vizianagaram district administration has acquired around 2,552 acres for the project

Speaking to TOI, joint collector, Vizianagaram, G Ch Kishore, said excepting 123.4 acres, which are sub-judice, the remaining land is being handed over to the project proponent.

β€œWe are in the process of acquiring another 80 acres of land for the approach road, terminal and runway of the project. Initially, farmers opposed land acquisition citing their dwelling units will be affected, now farmers have realised that land acquisition would not affect their units and the issue has been resolved,” he said.

The district administration also fast tracked the rehabilitation and resettlement (R and R) package and some displaced persons in the project will occupy new colonies built under the R and R package. As Vizag is proposed to become the executive capital, work on the airport may start in coming months. As per plans, the airport is expected to handle 6.3 million passengers annually in the first phase and will increase it to 18 million depending on demand.

B Raja Srinivas, president, Credai, Andhra Pradesh, said once the airport is operational, Vizag and Vizianagaram will emerge as twin cities on the lines of Hyderabad and Secunderabad.

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Outskirts of Visakhapatnam turn into hub of housing projects – ET RealEstate

VISAKHAPATNAM: In the hope that Vizag will get the best infrastructure once it becomes the executive capital of Andhra Pradesh, the city seems to be growing. Realtors are now busy building affordable housing on the city outskirts and are expecting to attract the middle-income segment there.

Flats in Vizag city are becoming costlier by the day and are no more within reach of the middle-income group. Builders are looking for new locations on the city outskirts for new housing projects. Most new affordable housing projects are coming up at Anandapuram, Bheemili, Tagarapuvalasa, Bhogapuram in Vizianagaram and Kurmanapalem.

CREDAI-Vizag president, B Srinivasa Rao, said that a majority of builders believe that Vizag will get more flyovers, metro rail connectivity and other transit systems that will significantly reduce travel time between Tagarapuvalasa and Vizag.

Builders further believe that prices on the outskirts will be within reach of middle-income group. Over 10,000 units are coming up on the city outskirts and response from buyers has been encouraging, added Srinivasa Rao.

Prices of 900–1,000 square feet flats in these new housing projects on the outskirts range between Rs 28–30 lakh. In some projects, prices are a bit higher, but builders have been announcing offers to attract buyers, said K Ramachandra Rao, a builder. CREDAI members said that with Vizag set to become the executive capital of Andhra Pradesh, people from neighbouring districts and even some people from Hyderabad are enquiring about new housing projects in the city.

β€œIn the present circumstances, it is difficult to buy a flat at Madhurawada, Sagarnagar, Yendada as one has to spend over Rs 50-60 lakh. Hence, we have paid advance to book a flat on the outskirts. We expect road connectivity to improve once Vizag gets capital status,” said K Siva Kumar, who recently bought a flat.

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