Parna Prasanna Enclave Madhurawada, Vizag

World Bank Team Assesses Visakhapatnam's Economic Region Development

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.

AI-Driven Traffic Management Project 'SARTHI' Set to Launch in Vizag

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.

Cognizant Secures Approval for New IT/ITES SEZ in Visakhapatnam

Cognizant Technology Solutions India Pvt Ltd has received formal approval from the Union Ministry of Commerce and Industry for a new 8.98-hectare IT/ITES Special Economic Zone (SEZ) in Visakhapatnam. This project, located at IT-Madhurawada-2, is expected to enhance Vizag's IT infrastructure and boost the region's economic development.

VMRDA Sets May 2026 Deadline for Bhogapuram Airport Road Projects

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has set a firm deadline of May 2026 for the completion of seven critical road projects connecting Vizag to the upcoming Bhogapuram International Airport. These projects are crucial for ensuring smooth ground connectivity and easing traffic bottlenecks,

Vizag's Infrastructure Sees Major Developments and Transitions

Reliance Industries Ltd (RIL) has received approval from Andhra Pradesh's State Investment Promotion Board (SIPB) to establish a Rs 1,08,010 crore Data Centre project in Visakhapatnam. This facility will complement RIL's AI data centre in Jamnagar, creating a powerful AI infrastructure network in Asia. To power this, Reliance will also develop a 6 GW solar power project in Andhra Pradesh.

Google Breaks Ground on Massive AI Hub in Visakhapatnam, Signaling Major Infrastructure Investment

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

During Q1'2026, average property prices for Parna Prasanna Enclave moved from ₹ 4,050/sqft to ₹ 4,500/sqft, reflecting a 11.11% rise.

RMZ to Develop Major IT and Data Centre Hubs in Visakhapatnam

RMZ Corporation has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to invest up to $10 billion in developing key infrastructure in the state, with a significant focus on Visakhapatnam. Plans include a 10 million sq ft IT park and a 1 GW data centre near Visakhapatnam (kapuluppada), aiming to establish the city as a national data centre and digital infrastructure hub.

GVMC Launches Rs 550 Crore Underground Drainage Project in Madhurawada

The Greater Visakhapatnam Municipal Corporation (GVMC) has initiated tenders for an underground drainage system and sewage treatment plant in Madhurawada and surrounding areas. The Rs 550 crore project, with Rs 498 crore funded by the International Finance Corporation (IFC), aims to resolve long-standing sewerage issues.The project is to be completed within 30 months.

During Q4'2025, average property prices for Parna Prasanna Enclave moved from ₹ 3,950/sqft to ₹ 4,050/sqft, reflecting a 2.53% rise.