Visakhapatnam popularly known as Vizag is the port city in Andhra Pradesh. Being primarily an industrial city besides a tourist hotspot it holds second place in the state.

Until now it was well known for Naval Base, Defense Research Laboratory NSTL, Steel Plant and Andhra University. Now it is considered as an extension of the infrastructural development as Hyderabad. Visakhapatnam has the potential advantages to meet the demands of the premier corporate investing in the city, in the wake of the congestion of residential and office spaces

Satyam, Wipro and TCS have planned to set up offices in the city. There are more than over 14 IT companies who have lined up and the city is poised to become second IT hub of Andhra Pradesh.

Vizag among many other cities in India has been a chosen city for investments due to its strategic positioning, good connectivity to major cities and infrastructural facilities like roads, building structures and basic amenities. While HPCL (Hindustan Petroleum Corp. Ltd) plans its next refinery in Vizag, HSBC has initiated to build a call centre facility here.

The City along with Vijayawada has joined band of ‘B’ Cities named under National Urban Renewal Mission. An exercise similar to Hyderabad of merging 32 villages integrating the area to 505 square kilometers from the present 111 square kilometers.. The population under this Greater Visakhapatnam will be approximately 1.425 million.

Projects planned in Vizag:

• Special Development Zone Declared by Government 300 acres on Visakha- Bhimli road facing sea
• Sathyam to come up with 8 acres campus
• TCS and WIPRO with a 7 acres office campus
• IT Tower planned in the heart of the city by Govt.
• Another IT Tower at Endada planned by the Government
• High-tech City similar to Hyderabad in 2500 acres near Madhurawada

ith all the above advantages Visakhapatnam has many locations to hunt for Real Estate Investment. Has potential for good returns.