By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Reading: Mumbai model to help build self-financing cities in Andhra Pradesh
Share
India Times NowIndia Times Now
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
Search
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Have an existing account? Sign In
Follow US

Home » Mumbai model to help build self-financing cities in Andhra Pradesh

India News

Mumbai model to help build self-financing cities in Andhra Pradesh

India Times Now Desk
Last updated: January 14, 2026 6:44 pm
India Times Now Desk
Published: January 14, 2026
Share
SHARE


The Mumbai model will guide Andhra Pradesh’s efforts to develop the Vizag Economic Region, say officials.

The Mumbai model will guide Andhra Pradesh’s efforts to develop the Vizag Economic Region, say officials.
| Photo Credit: File Photo

The Andhra Pradesh government has drawn a roadmap for self-financing, investment-led urban growth, after a high-level delegation had studied the city-building and metropolitan governance models in Maumbai.

A team led by S. Suresh Kumar, Principal Secretary, Municipal Administration and Urban Development (MA&UD), undertook a two-day visit to the Mumbai Metropolitan Region on January 12 and 13.

The delegation studied the advanced practices in regional governance, land-based financing, transit-oriented development, slum redevelopment and large-scale city building, with a focus on applying these lessons to the Vizag Economic Region (VER).

Senior officials from the VMRDA, the Directorate of Town and Country Planning and the State Project Management Unit were part of the visit.

The officials held detailed interactions with senior government functionaries and agencies in Maharashtra, such as City and Industrial Development Corporation (CIDCO) and Mumbai Metropolitan Region Development Authority (MMRDA) and Slum Rehabilitation Authority (SRA).

The team studied how Mumbai finances infrastructure through land monetisation, Floor Space Index (FSI) premiums, development rights and Transit-Oriented Development (TOD)-linked revenues, rather than budgetary grants.

Particular attention was paid to the development of Bandra-Kurla Complex (BKC) as a global financial district, and CIDCO’s Navi Mumbai and NAINA models, seen as benchmarks for Bhogapuram Aerocity and Vizag 2.0.

Mr. Suresh Kumar, in a statement on Tuesday, said Mumbai offers a clear blueprint for Andhra Pradesh to build globally competitive and self-sustaining cities.

“The way Maharashtra has empowered MMRDA and CIDCO, monetised government land, used FSI and TOD to fund Metro and housing, and created global districts such as BKC will directly guide Andhra Pradesh’s efforts to develop VER, Bay City, TOD corridors and new growth hubs across the State, positioning Andhra Pradesh for its next phase of urban and economic transformation,” he said.

VMRDA Metropolitan Commissioner N. Tej Bharath said the VER would be designed on similar principles to drive long-term economic growth.

“The VER is now being designed on similar principles—master-planned growth centres, TOD-linked densification, brownfield redevelopment and land-based financing—so that Visakhapatnam becomes a self-sustaining metropolitan economy rather than a grant-dependent city,” he said.

Published – January 15, 2026 12:14 am IST



Source link

NLCIL receives nod to build 110 MW solar power project in Uttar Pradesh
Human deaths in encounter with elephants in Odisha, a cause of concern, says WSO
Five held for ‘assault’ of four student leaders in Manipur
Police station in Jharkhand’s Ranchi district vandalised; officer injured in mob attack
People’s March contributes to Congress’s people-centric governance, accessibility to govt fully ensured: Bhatti on three years of padayatra
TAGGED:Andhra Pradesh newsMA&UD officials visit MumbaiMumbai model to help build self-financing cities in Andhra PradeshMunicipal Administration and Urban Development DepartmentVijayawada newsVizag Economic Region
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News

Harish Rao alleges ₹18,000 crore irregularities in HAM tenders

India Times Now Desk
India Times Now Desk
March 17, 2026
Mithali Raj inaugurates Riviera 2026 at VIT in Vellore
Curfew relaxed in Meghalaya’s East Garo Hills for five hours on March 12
Burglars decamp with 65 sovereigns of gold jewellery, silver and cash
Singareni trade unions take part in Bharat bandh against Centre’s policies
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?