Amaravati, November 10, 2025: Visakhapatnam is drawing massive real estate commitments, with the State Investment Promotion Board greenlighting K Raheja's Rs 2,172 crore mixed-use venture on 27 acres 15.51 for commercial spaces and 11.59 for homes and Sattva Group's Rs 1,500 crore integrated IT campus on 30 acres, dubbed Sattva Vantage Vizag, complete with offices, residences, and eco-friendly designs.
An MoU with ANSR adds a cutting-edge innovation hub for tech jobs, while talks with Prestige Group and RMZ signal more on the horizon. K Raheja executives praised the "ideal setup" of low land costs and talent pool, unlike congested metros.
The influx underscores Andhra Pradesh's coastal allure, fueled by Chief Minister Chandrababu Naidu and IT Minister Nara Lokesh's development blueprint.
