In a gesture of support and compensation, Greater Visakhapatnam Municipal Corporation (GVMC) Commissioner CM Saikanth Varma IAS, along with MLA Sri Muttamsetti Srinivasa Rao, distributed Transferable Development Rights (TDRs) to individuals who lost their properties due to the Bus Rapid Transit System (BRTS) road expansion project. The distribution ceremony covered the stretch from Old Goshala Junction to Adivavaram Junction.
The distribution event was a significant step towards acknowledging and compensating those affected by the BRTS road expansion project. Commissioner CM Saikanth Varma IAS and MLA Sri Muttamsetti Srinivasa Rao handed out Transferable Development Rights to property owners, ensuring a fair and equitable compensation mechanism for their valuable contributions to the city’s infrastructural development.
The BRTS road expansion project, aimed at enhancing transportation infrastructure, inevitably required the acquisition of certain properties along the route. The distribution of TDRs serves as a means of providing affected individuals with an alternative form of compensation that holds potential value for future development opportunities.
Commissioner CM Saikanth Varma IAS and MLA Sri Muttamsetti Srinivasa Rao actively participated in the distribution process, highlighting their commitment to transparency and fairness in addressing the impacts of urban development projects. The event underscored the collaborative efforts of the civic administration and elected representatives to ensure that affected property owners receive just and considerate compensation.
The TDR distribution is part of the ongoing efforts by GVMC to engage with the community and address concerns arising from development initiatives. The move reflects a balanced approach to urban growth, recognizing the importance of compensating affected individuals while advancing essential infrastructure projects for the benefit of the broader community.
As the BRTS road expansion project progresses, the distribution of TDRs becomes a pivotal aspect of mitigating the impact on property owners, providing them with a stake in future developmental opportunities. The event symbolizes a harmonious collaboration between civic authorities and the community, fostering a sense of understanding and cooperation in the city’s journey towards enhanced urban infrastructure.