Visakhapatnam Poised as India’s Next Tech and Real Estate Hub

Visakhapatnam is becoming an important city for technology and infrastructure. Google plans to build a large AI campus here. The company will invest $10–15 billion over the next five years. This project will increase demand for industrial land, offices, homes, and hotels.

“This is a big moment for Visakhapatnam,” said E Ashok Kumar, President of CREDAI Visakhapatnam Chapter. “The city is not just a coastal hub anymore. It is becoming a center for high-tech projects.”

The announcement comes before the National Data Centre Policy 2025. The policy offers benefits like tax breaks for up to 20 years, input tax credits, and single-window approvals in special zones. Experts say this makes cities like Visakhapatnam attractive for large tech investments.

“Data centers bring wider economic benefits,” said Ch Govinda Raju, Joint Secretary of CREDAI Visakhapatnam Chapter. “They help growth in renewable energy, telecom, and real estate.”

Google’s campus will be one of India’s largest data centers. It will have a subsea cable landing station, renewable energy facilities, and high-speed fiber connections. The project is expected to attract telecom and energy companies. This will increase demand for offices and mixed-use developments.

Cities like Kochi and Pune are also becoming alternatives to traditional tech hubs like Mumbai, Chennai, and Delhi-NCR. Lower costs and simpler approvals make these cities attractive for private and foreign investors.

“Hyperscale data centers need large land and reliable power,” said a Savills India spokesperson. “Visakhapatnam has the right industrial and residential areas for this.” Across India, over 13 million square feet of new data center space is planned. Capacity is expected to reach 3 gigawatts by 2030.

Even with challenges like land acquisition, projects like Google’s are expected to make Visakhapatnam a leading technology-driven city. This could be a new phase of growth for the city.