Vizag Central, Vizag

Visakhapatnam is poised for significant economic growth with the approval of projects worth ₹31,387 crore is slated for development at Amanam village in Bheemunipatnam mandal. This influx of investment is expected to create substantial employment opportunities, strengthen the industrial ecosystem.

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.

The Pradhan Mantri Awas Yojana-Urban (PMAY-U) and PMAY-U 2.0 have collectively sanctioned over 1.25 crore houses, with more than 1 crore completed and delivered to beneficiaries nationwide. The scheme has a significant share of women beneficiaries, with 1 crore houses allotted to women as sole or joint owners.

The Ministry of Housing and Urban Affairs has advised State RERAs to grant a four-month extension to eligible real estate projects facing delays due to global supply chain disruptions, citing the West Asia situation as a Force Majeure event. The extension applies to projects with completion dates on or after February 28, 2026..

The AI-driven traffic management project, SARTHI (Systematic Augmented Radial Traffic and Hoop Induction), is slated to go live in Vizag within four to six months. With an estimated cost of ₹60 crore, funded by GVMC and VMRDA, the project will streamline traffic flow across 101 major junctions using advanced AI technologies.

The Andhra Pradesh government has approved a Rs 521.58 crore power infrastructure package under the Revamped Distribution Sector Scheme (RDSS). This includes a high-priority underground cabling project in Visakhapatnam to strengthen the electricity network and improve resilience.

GVMC has proposed the development of 47 new parks across Visakhapatnam,This initiative, with an estimated cost of Rs 22 crore, aims to increase green cover, improve public health, and reduce pollution by incorporating amenities such as walking tracks, open gyms, and rainwater harvesting pits.

Vizag continues to see new project launches, with developers like Shriram Properties, Ramky Group, and MVV Builders active in the market. Projects such as KP Arena, Anand Paradise Vizag, and MVV GV The Grand are drawing interest. These developments are strategically located in key growth corridors, Madhurawada and Rushikonda,

AP Govt has approved the revised Visakhapatnam Metropolitan Region Development Authority (VMRDA) Master Plan-2041. This comprehensive plan guides land use, transportation, economic growth, and infrastructure development, including proposals for a coastal corridor, Bay City project, Bhogapuram International Airport, and Aerocity.