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
Equipment

Handling the Bottom Line

In a highly competitive construction environment, efficient material handling is “the silent engine of profitability”, to quote Vaibhav Kulkarni, General Manager Projects, JP Infra Realty. “It’s not just about moving materials from A to B but developing a strategy to minimise touchpoints, reduce waste and maximise spends.”Planning stageBefore investing in material, Kulkarni recommends designing the material flow. “Map the journey of major materials from the delivery point to their final placement,” he recommends. While doing this, “minimise double-handling and identif..

Next Story
Infrastructure Transport

Taking Flight!

When Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport (NMIA) on October 8, 2025, it marked far more than the opening of another terminal – it signified a turning point in India’s aviation and infrastructure narrative. Developed by Adani Airport Holdings Ltd (AAHL) in partnership with the City and Industrial Development Corporation (CIDCO), NMIA represents a bold vision of how modern India intends to connect its people, power its economy and project its identity on the global stage.“The Navi Mumbai International Airport is a project that exemplifies the visio..

Next Story
Infrastructure Transport

Highway Guidelines 2.0

In August 2025, a Public Accounts Committee comprising members of the Lok Sabha and Rajya Sabha presented a report, ‘Levy and Regulation of Fees, Tariffs, User Charges etc on Public Infrastructure and Other Public Utilities in the context of the Ministry of Road Transport and Highways (MoRTH) and the National Highways Authority of India (NHAI).Having examined present design accountability, subcontracting, pavement failures, emergency response mechanisms, toll reforms, service quality, stakeholder consultations and other aspects, the Committee presented recommendations covering the planning a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?