Visakhapatnam’s real estate and IT ecosystem is witnessing another major boost as leading real estate developer K Raheja Corp plans a large-scale mixed-use development in the city. The proposed project at IT Hill No. 2 is expected to combine premium office spaces and residential infrastructure, further strengthening Vizag’s position as one of India’s emerging IT and investment destinations.
K Raheja Corp Set to Transform Vizag’s Skyline with 27-Acre Mixed-Use Development
Visakhapatnam is set to witness one of its biggest integrated developments as K Raheja Corp has proposed a massive 27-acre mixed-use project at IT Hill No. 2. The project is expected to combine commercial office spaces and premium residential developments, reinforcing Vizag’s growing status as a major IT and business hub in South India.
According to the proposal, the development will feature:
- IT/ITeS Office Towers (G+11)
- Workspace capacity for approximately 24,652 employees
- 900 premium residential apartments (G+14)
- Integrated commercial and residential infrastructure spread across 27 acres.
The company has recently applied for the Terms of Reference (ToR), an important regulatory step that moves the project closer to execution. The development is expected to attract major IT companies and generate thousands of direct and indirect employment opportunities in Visakhapatnam.
Industry experts believe that large-scale investments from reputed developers like K Raheja Corp could accelerate Vizag’s transformation into Andhra Pradesh’s leading technology and business destination. The city has already been attracting significant investments in IT parks, commercial spaces, and residential projects due to its strategic location, infrastructure, and government support.
Once completed, the project could become one of the largest integrated developments in Visakhapatnam, creating a modern live-work ecosystem for professionals and further enhancing the city’s urban landscape.
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FAQ
Where is K Raheja Corp’s new project located?
The proposed project is planned at IT Hill No. 2 in Visakhapatnam (Vizag).
How large is the project?
The integrated development will span approximately 27 acres.
What will the project include?
The project includes IT office towers, workspace for over 24,000 employees, and 900 premium residential apartments.
How many jobs could the project create?
The office towers are designed to accommodate approximately 24,652 employees, creating significant employment opportunities.
What is the current status of the project?
K Raheja Corp has applied for the Terms of Reference (ToR), an important approval stage before project execution.