Covid-19 has affected the revenues of different departments among which Visakhapatnam Metropolitan Region Development Authority (VMRDA) is one. The Chairman of VMRDA Dronamraju Srinivasa Rao held a review meeting on Wednesday, through a video conference.
Matters regarding financial deficit and reduced cash flows were discussed during the meeting. Different options to increase the generation of revenues were discussed.
Options regarding auctioning of vacant shopping complexes and sites by following VMRDA guidelines, along with developing new layouts were discussed in the meeting.
Inputs from Praveena Varma