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 Transport

MoRTH to Frame IRC Norms for New-Age Machines in Highway Work

The Ministry of Road Transport and Highways (MoRTH) has decided to formally adopt Automated and Intelligent Machine-aided Construction (AIMC) for highway projects, aiming to accelerate execution and ensure timely completion. In line with this, MoRTH announced that the Indian Roads Congress (IRC) will develop new guidelines based on feedback from contractors and concessionaires actively involved in these projects.So far, MoRTH has sanctioned at least 16 highway projects where innovative construction equipment will be deployed. Additionally, the ministry is awaiting Cabinet approval for 10 more ..

Next Story
Infrastructure Energy

SECI Extends Green Ammonia Bid Deadline to 30 June

The Solar Energy Corporation of India (SECI) has extended the bid deadline for its green ammonia tender to 30 June 2025. The tender was issued under the SIGHT Scheme - Mode 2A, Tranche I, to supply 7.24 lakh tonnes annually to 13 fertiliser plants.As the implementing agency under the National Green Hydrogen Mission, SECI will enter long-term offtake agreements with selected producers, providing 10-year commercial certainty to encourage market development for green hydrogen derivatives. ..

Next Story
Infrastructure Urban

India Launches First Maritime Sector NBFC

Union Minister Sarbananda Sonowal recently inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first NBFC dedicated to the maritime sector. Formally registered with the RBI on 19 June 2025, SMFCL evolved from Sagarmala Development Company Limited.It will address financing gaps for ports, MSMEs, startups, and maritime institutions, supporting shipbuilding, renewable energy, cruise tourism, and education. The move aligns with India’s Maritime Amrit Kaal Vision 2047 and aims to catalyse innovation and sustainable logistics growth.Union Minister of State Shantanu Thakur emphasis..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?