Yendada, Vizag

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.

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.

Vizag is set to become a major data center hub with significant investments in digital infrastructure. A tax holiday for data centers until 2047 is expected to boost Visakhapatnam's development, attracting foreign investment and strengthening the region's digital infrastructure. India is investing in new infrastructure, including an $11 billion project in Vizag to establish a 1GW data center hub by 2030.

Visakhapatnam's residential real estate sector is expected to grow by 6-10% in 2026, driven by projects like the Google Data Centre and the Arcelor Mittal steel plant, creating employment opportunities and boosting property investment demand. VMRDA plans to develop approximately 25,000 housing plots for middle-income families by 2026 to increase affordable residential land availability and support structured urban growth.