Vizag real estate market is booming, yielding minimum returns of 40% per annum on property investments on all highways leading to Kolkata, Chennai, Araku etc.
Sathyam started consruction of its developement centre and training centre.
Knowledge corridor coming up.
IT Tower works in the 11 acre plot allotted to Lanco will start in another 45 days.


Land prices that have been at low key so far might shoot up now!!!
The land adjacent to the main roads between Anakapalli-Anandapuram and Bhimli-Visakha will be developed as knowledge corridor.Anakapalli- Anandapuram road to become a 4 lane high way and about 5000 acres are to be developed as knowledge corridor.
This land will be allotted to HR developement centres,IT parks,educational institutes and similar activities.
Though Wipro and TCS are still in planning stages, Sathyam has started construction of its developement centre at the 7 acre plot near TB hospital within city and also construction of its training centre at 50 acre land allotted to it at rishikonda.
Government will now allot land to other companies only after assesing activity by the companies to whom they have allotted lands earlier.Presently due to various reasons, activity seems to have started.
Goverment has alloted another 100 acres at Rishikonda for the it companies. 50 acres of this land has been given to 13 IT companies. The responsibity to develope infrastructure for this land is given to VUDA.
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