Answer ( 1 )

  1. Being one of the Smart Cities in India, Vizag or Vishakhapatnam is gaining a lot of popularity in the real estate space. The emerging IT sector in the city is the major reason behind this growth. Apart from this, in January, AP Decentralisation and Inclusive Development of all Regions Bill 2020 was passed in which three capitals include Visakhapatnam as executive capital, Kurnool as judicial capital and Amaravati as the legislative capital. Another important factor is the Chennai-Visakhapatnam industrial corridor which will influence the property rates in Vizag

    Many real estate advisors estimate that the real estate prices in Visakhapatnam are likely to rise by 25% in the coming year.

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