K Raheja Gets ToR for ₹2,172 Cr Vizag IT Project

K Raheja Corp Gets ToR for ₹2,172 Crore Mixed-Use Project in Visakhapatnam

A major boost for Visakhapatnam’s IT and real estate sector as K Raheja Corp has received the Terms of Reference (ToR) for its proposed ₹2,172 crore mixed-use development at IT Hills-3, Madhurawada.

The ambitious project will be developed across 27 acres with a total built-up area of approximately 2.9 million square feet, combining premium office spaces and residential towers.

IT/ITeS Commercial Development

The commercial component, branded as Commerzone, will occupy 14.85 acres.

Project highlights include:

• 4 office towers
• Configuration: Ground + 11 floors
• Around 2.5 million sq ft of IT/ITeS office space

The project is expected to attract leading technology companies and create significant employment opportunities in Visakhapatnam.

Residential Development

The residential portion will span 12.16 acres and feature:

• 5 residential towers
• Configuration: Ground + 14 floors
• Around 900 premium apartments

The residential development aims to complement the commercial campus by offering modern housing within the same integrated township.

Boost for Vizag’s Growth

The proposed mixed-use development is expected to strengthen Madhurawada’s IT corridor and further establish Visakhapatnam as one of India’s emerging technology and investment destinations.

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FAQ

What is the investment value of the project?
The proposed mixed-use development has an estimated investment of ₹2,172 crore.

Where is the project located?
The project is planned at IT Hills-3, Madhurawada, Visakhapatnam.

How many residential units are planned?
Approximately 900 apartments are proposed.

What commercial facilities are included?
The project includes four IT/ITeS office towers with about 2.5 million sq ft of office space.