CREDAI expects huge construction activity in Vizinaagaram, Srikakulam
Real Estate

CREDAI expects huge construction activity in Vizinaagaram, Srikakulam

The Confederation of Real Estate Developers Association of India (CREDAI) is anticipating a huge construction activity in Vizinaagaram and Srikakulam districts, with the availability of properties at affordable costs when compared to that in Visakhapatnam.

CREDAI State general secretary K Subhash Chandra Bose, who is also Managing Director of Pride Constructions, said that the association was suggesting its members concentrate on Tier-3 and Tier-4 cities for the same reason.

People who can’t buy properties in Visakhapatnam owing to the high price can do the same in Vizianagaram and Kothavalasa towns, which are closely situated in the Port City. A 3 BHK flat costs somewhere between Rs 75 lakh to Rs 1 crore in prime locations in Visakhapatnam. However, the same is available in the range of Rs 50 lakh and Rs 60 lakh in the industrial towns of Vizianagaram and Kothavalasa, said Bose.

He said that the Tier-III and Tier-IV cities also have less traffic and pollution when compared to the larger cities and these elements would make the buyers look for properties in the towns nearby the major cities.

Challenges and opportunities for the construction activity in the recently developing towns will be discussed in the New India Summit, planned to be held in Visakhapatnam on April 29 and 30, said Bose.

The government’s help will spur both construction and economic activity in towns.

CREDAI Srikakulam district president Gurugubilli Raju told the media that the suggested airport at Bhogapuram and atomic power plant at Ranasthalam on the Visakhapatnam-Srikakulam National Highway would be the added benefits for the construction industry in Srikakulam district.

Many multinational firms and pharmaceutical firms in the Pydibhimavaram industrial zone are motivating their staff to stay in Srikakulam instead of Visakhapatnam due to its nearness. With the building of flyovers on the National Highway, it is easy to reach Srikakulam within 40 minutes from Pydibhimavaram.

Image Source

Also read: Housing costs increase by 10-15% in Andhra Pradesh

The Confederation of Real Estate Developers Association of India (CREDAI) is anticipating a huge construction activity in Vizinaagaram and Srikakulam districts, with the availability of properties at affordable costs when compared to that in Visakhapatnam. CREDAI State general secretary K Subhash Chandra Bose, who is also Managing Director of Pride Constructions, said that the association was suggesting its members concentrate on Tier-3 and Tier-4 cities for the same reason. People who can’t buy properties in Visakhapatnam owing to the high price can do the same in Vizianagaram and Kothavalasa towns, which are closely situated in the Port City. A 3 BHK flat costs somewhere between Rs 75 lakh to Rs 1 crore in prime locations in Visakhapatnam. However, the same is available in the range of Rs 50 lakh and Rs 60 lakh in the industrial towns of Vizianagaram and Kothavalasa, said Bose. He said that the Tier-III and Tier-IV cities also have less traffic and pollution when compared to the larger cities and these elements would make the buyers look for properties in the towns nearby the major cities. Challenges and opportunities for the construction activity in the recently developing towns will be discussed in the New India Summit, planned to be held in Visakhapatnam on April 29 and 30, said Bose. The government’s help will spur both construction and economic activity in towns. CREDAI Srikakulam district president Gurugubilli Raju told the media that the suggested airport at Bhogapuram and atomic power plant at Ranasthalam on the Visakhapatnam-Srikakulam National Highway would be the added benefits for the construction industry in Srikakulam district. Many multinational firms and pharmaceutical firms in the Pydibhimavaram industrial zone are motivating their staff to stay in Srikakulam instead of Visakhapatnam due to its nearness. With the building of flyovers on the National Highway, it is easy to reach Srikakulam within 40 minutes from Pydibhimavaram. Image Source Also read: Housing costs increase by 10-15% in Andhra Pradesh

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?