Ayinada, Vizag

A World Bank team held discussions with GVMC officials to assess Visakhapatnam's development potential and infrastructure needs, including water supply, sewerage, sanitation, road infrastructure, mobility corridors, and housing. The assessment aims to identify priority interventions for the region's planned expansion.

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.