K. Raheja Corp is planning one of the biggest mixed-use developments in Visakhapatnam at IT Hill-3. The proposed project includes nearly 2.9 million square feet of Grade-A office space and premium residential units, with an estimated investment of ₹2,172 crore. The project is expected to significantly boost Vizag’s position as a major IT and business destination in Andhra Pradesh.
K. Raheja Corp Plans Landmark Development in Vizag
Visakhapatnam is set to witness another major investment in its growing real estate and IT landscape. K. Raheja Corp has proposed a massive mixed-use development at IT Hill-3 in Vizag, which is expected to become one of the largest integrated projects in the city.
The proposed project will include approximately 2.9 million square feet of Grade-A office space along with premium residential developments. The project is expected to attract major IT and multinational companies looking to establish operations in Visakhapatnam.
₹2,172 Crore Investment in Vizag
According to the proposal, the project will involve an estimated investment of ₹2,172 crore, highlighting the growing confidence of major developers in Vizag’s future as an IT and business hub.
The development is expected to occupy nearly half of IT Hill-3, making it one of the most significant real estate investments currently planned in Visakhapatnam.
Major Boost for Vizag’s IT Ecosystem
The arrival of K. Raheja Corp’s mega project is expected to:
- Increase Grade-A office inventory in Vizag.
- Create thousands of direct and indirect employment opportunities.
- Attract more IT, ITES and multinational companies to the city.
- Enhance demand for residential and commercial infrastructure.
- Strengthen Vizag’s position as Andhra Pradesh’s emerging technology and business destination.
Why This Project Matters for Vizag
Over the past few years, Vizag has been attracting significant investments in the IT, infrastructure and real estate sectors. Large-scale projects such as this further reinforce the city’s potential to become one of India’s leading business destinations.
The proposed K. Raheja Corp development could play a crucial role in shaping the future skyline of Visakhapatnam and accelerating economic growth in the region.
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FAQ
Where is the K. Raheja Corp project located?
The proposed project is planned at IT Hill-3 in Visakhapatnam.
What is the investment value of the project?
The estimated investment for the development is around ₹2,172 crore.
What does the project include?
The project includes approximately 2.9 million square feet of Grade-A office space and premium residential units.
Why is this project important for Vizag?
The development is expected to boost employment, attract businesses and strengthen Vizag’s position as an emerging IT and commercial hub.