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MP calls for more commercial development
Visakhapatnam MP M. Sribharat has called on real estate developers to look beyond residential housing and invest in commercial buildings, office spaces and modern business infrastructure.
He made the remarks while inaugurating the three-day Vizag Property Expo-2026, organised by the National Real Estate Development Council (NAREDCO) North Zone at Gadiraju Palace in Visakhapatnam on November 13.
Sribharat said the city's expanding industrial activity, IT sector and tourism could increase demand for commercial real estate. He encouraged developers to plan projects with Visakhapatnam's long-term growth requirements in mind.
Infrastructure projects expected to support growth
The MP highlighted the proposed Beach Road Coastal Corridor as an important project that could encourage economic activity and generate employment opportunities.
He also referred to plans to install 360-degree smart traffic cameras at around 110 major junctions to improve traffic management and public safety.
Vizag Bay City master plan
Sribharat spoke about the Vizag Bay City initiative, under which a master plan covering approximately 50 square kilometres is being prepared.
The initiative aims to develop Visakhapatnam as a more walkable city and strengthen its position as a tourism destination. He stressed that urban development should also protect the environment and prioritise quality of life and modern transport facilities.
Property expo brings industry stakeholders together
The three-day expo provides a platform for property developers, investors and prospective buyers to explore opportunities and build business connections.
The event was attended by GVMC Mayor Mukka Sravani, Palasa MLA Gouthu Sireesha, MLC Vepada Chiranjeevi Rao and other representatives from government, banking and the real estate sector.
The call for greater commercial infrastructure comes as Visakhapatnam looks to expand its role in IT, industry and tourism. However, the proposed plans and infrastructure developments will need to progress through implementation before their full impact on the city's property market can be assessed.
Tags: Visakhapatnam, Vizag Real Estate, M Sribharat, Commercial Infrastructure, Property Expo 2026, NAREDCO, Vizag Bay City, Beach Road Coastal Corridor, GVMC, Andhra Pradesh Development, Vizag News
MP calls for more commercial development
Visakhapatnam MP M. Sribharat has called on real estate developers to look beyond residential housing and invest in commercial buildings, office spaces and modern business infrastructure.
He made the remarks while inaugurating the three-day Vizag Property Expo-2026, organised by the National Real Estate Development Council (NAREDCO) North Zone at Gadiraju Palace in Visakhapatnam on November 13.
Sribharat said the city's expanding industrial activity, IT sector and tourism could increase demand for commercial real estate. He encouraged developers to plan projects with Visakhapatnam's long-term growth requirements in mind.
Infrastructure projects expected to support growth
The MP highlighted the proposed Beach Road Coastal Corridor as an important project that could encourage economic activity and generate employment opportunities.
He also referred to plans to install 360-degree smart traffic cameras at around 110 major junctions to improve traffic management and public safety.
Vizag Bay City master plan
Sribharat spoke about the Vizag Bay City initiative, under which a master plan covering approximately 50 square kilometres is being prepared.
The initiative aims to develop Visakhapatnam as a more walkable city and strengthen its position as a tourism destination. He stressed that urban development should also protect the environment and prioritise quality of life and modern transport facilities.
Property expo brings industry stakeholders together
The three-day expo provides a platform for property developers, investors and prospective buyers to explore opportunities and build business connections.
The event was attended by GVMC Mayor Mukka Sravani, Palasa MLA Gouthu Sireesha, MLC Vepada Chiranjeevi Rao and other representatives from government, banking and the real estate sector.
The call for greater commercial infrastructure comes as Visakhapatnam looks to expand its role in IT, industry and tourism. However, the proposed plans and infrastructure developments will need to progress through implementation before their full impact on the city's property market can be assessed.
