+
Foundation stone laid for Rs 140 billion Ramayapatnam port in Nellore
PORTS & SHIPPING

Foundation stone laid for Rs 140 billion Ramayapatnam port in Nellore

The Ramayapatnam major port is being built in the Nellore district, and the foundation stone was recently placed by YS Jagan Mohan Reddy, Chief Minister, Andhra Pradesh. The port's construction would take place over the course of two phases, costing approximately Rs 140 billion in total. Since independence, the state has only had six ports: Visakhapatnam, Gangavaram, Kakinada-I, Kakinada-II, Krishnapatnam, and Rawa. Currently, the state is reportedly building four more ports to increase economic activity, create jobs, and advance overall development: Ramayapatnam, Kakinada Gateway, Machilipatnam, and Bhavanapadu. According to sources, the government is also building nine fishing harbours, thus each port will indirectly employ thousands of people. The Ramayapatnam port will greatly reduce shipping costs and provide employment to 10,000 people directly and 30,000 indirectly.

The Ramayapatnam major port is being built in the Nellore district, and the foundation stone was recently placed by YS Jagan Mohan Reddy, Chief Minister, Andhra Pradesh. The port's construction would take place over the course of two phases, costing approximately Rs 140 billion in total. Since independence, the state has only had six ports: Visakhapatnam, Gangavaram, Kakinada-I, Kakinada-II, Krishnapatnam, and Rawa. Currently, the state is reportedly building four more ports to increase economic activity, create jobs, and advance overall development: Ramayapatnam, Kakinada Gateway, Machilipatnam, and Bhavanapadu. According to sources, the government is also building nine fishing harbours, thus each port will indirectly employ thousands of people. The Ramayapatnam port will greatly reduce shipping costs and provide employment to 10,000 people directly and 30,000 indirectly.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?