Vepagunta, Vizag

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.

Visakhapatnam is experiencing a surge in vertical housing projects due to land scarcity and evolving customer preferences. New Andhra Pradesh Building Rules have raised the threshold for high-rise classification, allowing developers to build taller mid-rise project. Several new residential projects have been launched, including VK Aurora in Madhurawada and Utkarsha Pearl in Bheemunipatnam.

The Andhra Pradesh government is accelerating efforts to make Visakhapatnam a slum-free city as part of the Visakhapatnam Economic Region (VER) initiative. This involves identifying slum areas within the GVMC jurisdiction and providing permanent housing. Infrastructure upgrades such as road construction, drain covering, and LED streetlight installation are underway in these areas.