Visakhapatnam Data Centre To Boost IT Jobs And Housing Demand

14 Oct 2025 CW Team

The real estate fraternity has welcomed the foundation laying of Visakhapatnam’s first 50 MW AI-powered Edge Data Centre and Open Cable Landing Station (CLS), which was inaugurated on Sunday by IT and HRD Minister Nara Lokesh.

According to E. Ashok Kumar, President of CREDAI Visakhapatnam, the project will significantly strengthen the city’s global digital connectivity and is expected to generate around 500,000 IT jobs, creating vast opportunities for the local workforce.

“This is not merely an IT project; it is a catalyst for economic growth,” Kumar said. “The development is likely to spur housing demand, particularly in and around the Rushikonda IT SEZ.”

He added that the new data centre is expected to help clear a substantial portion of unsold housing inventory, giving developers renewed confidence to launch new projects more aggressively. “Until now, many builders had adopted a cautious, wait-and-watch approach. With the state government’s proactive initiatives, we anticipate a strong revival in the real estate sector soon,” he stated.

The upcoming data centre and cable landing station mark a major step in positioning Visakhapatnam as a technology and innovation hub, capable of supporting next-generation AI, data, and cloud infrastructure, while driving economic and real estate growth in the region.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..