भुवि existing, राजते appears splendid, लङ्का Lanka, बहुभि with many, विमानैः tall skyscrapers, सङ्कीर्णा mass of, विष्णोः of Vishnu's, पदम् path, आकाशम् the sky, पाण्डुभिः with white, घनैः clouds, छादितम् इव as if covered.

"This Lanka appears splendid with a mass of skyscrapers like white clouds covering the path of Vishnu in the sky."