Now Reading: 16 game-changing developments that happened in Visakhapatnam this July
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16 game-changing developments that happened in Visakhapatnam this July
16 game-changing developments that happened in Visakhapatnam this July
July has been a landmark month for Visakhapatnam, with several high-impact infrastructure projects, industrial investments, and urban upgrades announced. From massive companies setting up their firms to green initiatives, here’s a roundup of the major developments in July 2025 that signal the evolution of Visakhapatnam into a future-ready urban powerhouse:
1. SIPB Approves Major Projects
State-Level Investment Promotion Board (SIPB) meeting, at various meetings chaired by Chief Minister N Chandrababu Naidu, approved several projects for Vizag. These nclude
ITC Hotels Ltd: Rs 328 crore, expected to create 1,100 jobs
Phenom People Pvt Ltd: Rs 205 crore, expected to create 2,500 jobs
Lansum Ltd: Rs 86 crore, expected to create 720 jobs
- Sify Infinity – Land identified: 3 acres in IT Hills and 50 acres in Paradesipalem
- BVM (Kapil Group) – 30 acres in Yendada
In addition to these, Lulu Shopping Malls International Ltd received a green light for an investment of Rs 1,222 crore across Visakhapatnam and Vijayawada, expected to generate 1,500 jobs.
2. Lulu Mall Gets Prime Land in Harbour Park
The AP government has formally leased 13.74 acres of land in Harbour Park to Lulu International Shopping Malls Ltd for 99 years, fast-tracking the iconic mall’s development on Beach Road.
The project will span 13.5 lakh sq ft and include a Lulu Supermarket, Fashion store, Family Entertainment Centre, and more. The lease follows the 2024–29 State Tourism Land Allocation Policy.
3. VMRDA Clears 50-Floor Towers and First Skateboard Park in AP
In a major push for high-rise living and recreation, VMRDA approved:
Six 50-floor towers in Madhurawada (PPP/JV model), featuring premium 3BHK and 4BHK flats with top-tier amenities.
Affordable housing projects targeting middle-income groups in key VMRDA locations.
AP’s first international skateboard park on Beach Road, at Rs 2.5 crore, to host the 63rd National Roller Skating Championships.
4. Centre Gives In-Principal Approval For 200-km Greenfield Coastal Highway Linking Srikakulam and Vizag
The proposed six-lane highway will connect Mulapeta Port, Bhogapuram International Airport, and Bheemili, enhancing coastal logistics, tourism, and trade. The DPR is underway, with land acquisition set to follow.
