{"id":4397,"date":"2025-07-07T07:22:49","date_gmt":"2025-07-07T07:22:49","guid":{"rendered":"https:\/\/www.basichomeloan.com\/blog\/?p=4397"},"modified":"2026-06-09T22:13:58","modified_gmt":"2026-06-09T22:13:58","slug":"affordable-housing-in-vizag","status":"publish","type":"post","link":"https:\/\/www.basichomeloan.com\/blog\/real-estate-news\/affordable-housing-in-vizag","title":{"rendered":"Affordable Housing in Vizag: VMRDA Approves 50-Storey Residential Towers in Madhurawada"},"content":{"rendered":"

Visakhapatnam Metropolitan Region Development Authority (VMRDA) has approved a landmark residential development in Madhurawada: six ultra-tall residential towers, each rising to 50 stories atop a 4.07-acre plot near Pebble Towers. This marks one of Andhra Pradesh\u2019s most ambitious towers yet.\u202f<\/span><\/p>\n

What to Expect<\/b><\/h2>\n

These towers will offer a mix of 3BHK, 4BHK, and luxurious 4BHK duplex apartments. Designed at par with upscale gated communities, the project will include:<\/span><\/p>\n

    \n
  1. Clubhouse and children\u2019s play area<\/span><\/li>\n
  2. Swimming pool with deck<\/span><\/li>\n
  3. Jogging and cycling tracks<\/span>
    \n<\/span><\/li>\n<\/ol>\n

    All units are slated to be developed under a public-private partnership (PPP) or Joint Venture (JV) model.<\/span><\/p>\n

    Affordable Housing Footprint<\/b><\/h2>\n

    VMRDA also approved affordable housing for middle-income groups across key areas like Mithilapuri (Madhurawada), Marikavalasa, and Vepagunta. These Multi-Storey Apartment (MIG) complexes will feature 2\u202fBHK, 2.5\u202fBHK, and 3\u202fBHK flats. By offering these through the PPP framework, VMRDA aims to make housing more competitively priced than private market offerings.<\/span><\/p>\n

    The Big Picture: Why It Matters<\/b><\/h2>\n
      \n
    1. First housing project by VMRDA<\/b>: While the authority has laid out multiple plots under previous schemes, this marks their first major move into actually constructed housing.<\/span><\/li>\n
    2. Bridging the Middle-Income Gap<\/b>: Traditional government schemes focus on low-income or homestead grants; VMRDA is now targeting a wider demographic with ready-to-move housing.<\/span><\/li>\n
    3. Long-term Revenue and Urban Planning<\/b>: The initiative improves urban infrastructure, leverages VMRDA\u2019s extensive land bank, and provides steady returns to the authority.<\/span><\/li>\n<\/ol>\n

      Timeline & Stakeholders<\/b><\/h2>\n
        \n
      1. The project received formal approval on July 4, 2025, in a meeting chaired by VMRDA Chairperson M.\u202fV.\u202fPranav Gopal, who was joined by Municipal Administration & Urban Development Secretary Suresh Kumar and Commissioner K.\u202fS. Viswanathan.<\/span><\/li>\n
      2. While final pricing details are pending, the foundation stone is expected in the coming months, with construction to follow soon after.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

        Visakhapatnam Metropolitan Region Development Authority (VMRDA) has approved a landmark residential development in Madhurawada: six ultra-tall residential towers, each rising to 50 stories atop a 4.07-acre plot near Pebble Towers. This marks one of Andhra Pradesh\u2019s most ambitious towers yet.\u202f What to Expect These towers will offer a mix of 3BHK, 4BHK, and luxurious 4BHK […]<\/p>\n","protected":false},"author":11,"featured_media":4421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[],"_links":{"self":[{"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/posts\/4397"}],"collection":[{"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/comments?post=4397"}],"version-history":[{"count":6,"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/posts\/4397\/revisions"}],"predecessor-version":[{"id":6346,"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/posts\/4397\/revisions\/6346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/media\/4421"}],"wp:attachment":[{"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/media?parent=4397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/categories?post=4397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.basichomeloan.com\/blog\/wp-json\/wp\/v2\/tags?post=4397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}