Happenings in Vizag: VUDA to Listen to Land Owners for a Change

In an effort to please aggrieved landowners andfarmers who pooled land in theVisakhapatnam Urban Development Authority at Paradesipalem, Dr N Yuvaraj, vice-chairman announced a meeting to address their complaints. The Board will also reiview cases asking for withdrawal from the project and return of lands. Allottees who received alternate pieces of land in lieu of the ones they handed over to VUDA, will also receive registration of such plots.

Long in the backwaters of real estate development, Visakhapatnam is coming into its own and realtors see brisk business. Most of them are developing land at a distance from the city where realty prices are going through the roof. In the city land costs start at Rs. 50000 per square yard whereas on the highways the cost is a more afforable Rs. 3000 but with tremendous demand, the prices should escalate even more. Understandably, landowners who have entered into an agreement with VUDA may be eyeing more prices and some would be justified in withdrawing from the scheme.