Tag: Visakhapatnam real estate

IndustryLatest Stories

IT Investment Boosts Visakhapatnam Plot Prices by 60%

Representative image VISAKHAPATNAM: Land and plot auctions by the Visakhapatnam Metropolitan Region Development Authority (VMRDA) reflect public interest in the city’s real estate. The recent auctions on December 17 and 18 for remaining plots in middle-income group (MIG) layouts gained attention, driven by nearly ₹2.5 lakh crore in investments announced in Anandapuram, Kapuluppada, and Rushikonda, particularly in IT and digital infrastructure. At the Palavalasa MIG layout, located three kilometers from Tarluwada village—where Google’s data center is being established—prices soared. Seven plots, initially priced at ₹14,500 per square yard, saw bids rise significantly, with the highest reaching ₹23,700 (a 64% increase),…

InfrastructureLatest Stories

Visakhapatnam: Cherlopalikhandam Township Plan Revived After 18 Years

Representative image created by AI VISAKHAPATNAM: After nearly 18 years of challenges, the long-standing issue surrounding the Cherlopalikhandam land near Anakapalli is finally resolved. This paves the way for a 58-acre integrated township project. Initially proposed in 2007 under the land pooling scheme (LPS), the project faced delays due to complications concerning 16 acres for which owner consent was not secured. The Visakhapatnam Urban Development Authority (VUDA), now known as the Visakhapatnam Metropolitan Region Development Authority (VMRDA), identified 86 acres in Cherlopalikhandam village for a major layout in 2007 due to high public demand. Of this, 62.37 acres were private…