Average Asking Price in Kommadi
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Kommadi's average asking price is rising quarter-on-quarter.
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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,
Larson & Toubro (L&T) has allocated ₹100 billion for its data centre business under 'Lakshya 2031', aiming to create 200 MW of capacity across Vizag, Bengaluru, and Mumbai. The focus will be on AI-ready infrastructure to cater to global hyperscalers and quantum computing organizations.
The Visakhapatnam Metro Rail (VMR) project has reached a key financial milestone with the district administration requesting ₹600 crore from the State government for private land acquisition. This funding is crucial for the ₹11,498 crore project to move into its execution phase.
Visakhapatnam is poised to become a major sports hub with the development of an integrated sports complex, similar to Gachibowli in Hyderabad, on 25 acres in Kommadi. The complex will include a dedicated stadium for disabled sportspersons. Bheemili MLA Ganta Srinivasa Rao made the announcement, emphasizing the state government's focus on promoting sports in the region.

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