Live news feed — last updated 25 August 2026
CREDAI, Vizag chapter, has lauded the AP government's amendments to the AP Building Rules, 2017. These revised rules aim to simplify building approvals, reduce compliance costs. Key changes include an increased permissible building height, flexible payment options for infrastructure impact fees, and expanded TDR frameworks.
Visakhapatnam Metropolitan Region Development Authority plans to develop approximately 25,000 housing plots for middle-income homebuyers by 2026. This initiative aims to expand affordable residential land availability and support structured urban growth. The project will be implemented alongside infrastructure upgrades, including road development and transport integration.
Google has officially broken ground on its India AI hub in Visakhapatnam, marking the start of a significant data center and infrastructure buildout. The project, a collaboration with AdaniConneX and Nxtra by Airtel, includes three data center campuses with a combined capacity approaching one gigawatt. This initiative is part of Google's $15 billion investment plan in India
NITI Aayog has submitted its report 'Developing Visakhapatnam Economic Region as a Global Economic Hub' under the Vizag growth hub initiative. The Greater Visakhapatnam Municipal Corporation (GVMC) is tasked with project development and implementation, and has floated a request for proposal to select a consultancy firm as the project monitoring unit.
Real estate developers in Visakhapatnam are reportedly hesitant to fully comply with the RERA Act due to its complex procedures and certain 'unrealistic' clauses. Issues include the difficulty in obtaining GVMC sanctions followed by RERA approval, the absence of a dedicated RERA office in the city, and clauses requiring a five-year guarantee for paint and electronic/electrical equipment.
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