Visakhapatnam, the jewel of Andhra Pradesh’s coast, is fast transforming into one of India’s most promising IT hubs. With massive investments pouring in from national and international tech giants, the city is poised to generate over 74,000 jobs and attract ₹24,000+ crores in IT and infrastructure development. This surge is not only reshaping the employment landscape but also creating a wave of opportunities in real estate—from residential to commercial and co-living sectors.
Massive Investments & Employment Opportunities
The Andhra Pradesh Government, in collaboration with APIIC (Andhra Pradesh Industrial Infrastructure Corporation), has allocated 216+ acres of prime land across IT Hills, Madhurawada, and Rushikonda for major IT players. Here’s a snapshot of the employment and investment boom
| Company | Investment (₹ Crores) | Expected Jobs |
| TCS | ₹1,370 | 13,000 |
| Cognizant | ₹1,588 | 8,000 |
| Infosys | ₹2,000 | 10,000 |
| Tech Mahindra | ₹15,266 | 53,600 |
| Capgemini | ₹1,500 | 15,000 |
| Happiest Minds | ₹2,079 | 2,500 |
| Total | ₹24,048 Cr | 74,100 Jobs |
Infrastructure & Land Development
- Total land allocated: ~216 acres across IT clusters
- Nearly 300 acres identified for further IT development
- Land Rate: ₹3 crores per acre (approx.)
- Built-up area: 200+ acres under active development
- Timeline: Construction to begin immediately with fast-tracked approvals
APIIC is providing support in the form of land allotments, infrastructure planning, and policy facilitation to enable smooth establishment of IT campuses and tech parks.
What This Means for Real Estate Investors
With over 74,000 high-paying IT jobs being created in the coming months, Visakhapatnam is set to experience a real estate surge across multiple sectors:
- Residential: Surge in demand for gated communities, apartments, and villas.
- Commercial: Increased need for office spaces, co-working hubs, and retail outlets.
- Co-living & Rentals: Young professionals and tech workers will drive rental demand near IT hubs.
Top Investment Hotspots
- IT Hills
- Rushikonda
- Madhurawada
These areas are seeing unprecedented infrastructure upgrades, making them ideal for both short-term gains and long-term capital appreciation.
Government’s Commitment
“This is a golden period for Visakhapatnam. Our focus is on industrial growth, especially in the IT sector, which will drive employment and boost the city’s economy. We’re committed to providing world-class infrastructure and support to companies investing here.”
— Narasimham, VC & MD, APIIC
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