+
High Rises Reshape Landscape Of Visakhapatnam Housing Market
Real Estate

High Rises Reshape Landscape Of Visakhapatnam Housing Market

Developers in Visakhapatnam are increasingly turning to high rise housing as rising land prices and scarcity of large, well located plots make low rise schemes less viable. The Confederation of Real Estate Developers' Associations of India (CREDAI) Visakhapatnam chapter president E Ashok Kumar said that vertical projects enable optimisation of land use and help maintain project viability. He added that distributing land costs across a greater number of housing units helps developers manage rising expenses and preserve price balance in a competitive market.

Industry representatives linked steady demand for city housing to employment growth in the information technology (IT) sector and allied industries, especially near new business hubs. Buyer preferences were described as shifting towards secure developments with dedicated parking and shared amenities, which high rise projects can deliver efficiently. Developers are therefore prioritising projects that combine density with modern conveniences.

Several micro markets were identified as witnessing increased vertical residential activity, including the Madhurawada Kapuluppada corridor, Anandapuram Kommadi, the Bhogapuram Bheemili stretch and the Yendada Rushikonda coastal belt. The president attributed the interest in these locations to road expansions, infrastructure upgrades and improved connectivity. He said that such factors are encouraging developers to focus investment and launches in precisely those corridors.

CREDAI Visakhapatnam warned that vertical expansion requires adequate civic infrastructure to be beneficial and to support planned urban growth. The chapter called for clear regulations and faster approvals from authorities to ensure projects are completed on schedule and to control costs. Officials urged coordinated planning so that higher density does not outpace utilities and services.

Urban planners and industry sources suggested that when supported by infrastructure, high rise development can improve land use efficiency and accommodate the city's growth without extensive sprawl. They recommended continued monitoring of market absorption and infrastructure delivery to sustain the trend.

Developers in Visakhapatnam are increasingly turning to high rise housing as rising land prices and scarcity of large, well located plots make low rise schemes less viable. The Confederation of Real Estate Developers' Associations of India (CREDAI) Visakhapatnam chapter president E Ashok Kumar said that vertical projects enable optimisation of land use and help maintain project viability. He added that distributing land costs across a greater number of housing units helps developers manage rising expenses and preserve price balance in a competitive market. Industry representatives linked steady demand for city housing to employment growth in the information technology (IT) sector and allied industries, especially near new business hubs. Buyer preferences were described as shifting towards secure developments with dedicated parking and shared amenities, which high rise projects can deliver efficiently. Developers are therefore prioritising projects that combine density with modern conveniences. Several micro markets were identified as witnessing increased vertical residential activity, including the Madhurawada Kapuluppada corridor, Anandapuram Kommadi, the Bhogapuram Bheemili stretch and the Yendada Rushikonda coastal belt. The president attributed the interest in these locations to road expansions, infrastructure upgrades and improved connectivity. He said that such factors are encouraging developers to focus investment and launches in precisely those corridors. CREDAI Visakhapatnam warned that vertical expansion requires adequate civic infrastructure to be beneficial and to support planned urban growth. The chapter called for clear regulations and faster approvals from authorities to ensure projects are completed on schedule and to control costs. Officials urged coordinated planning so that higher density does not outpace utilities and services. Urban planners and industry sources suggested that when supported by infrastructure, high rise development can improve land use efficiency and accommodate the city's growth without extensive sprawl. They recommended continued monitoring of market absorption and infrastructure delivery to sustain the trend.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code