Plot prices in the Visakhapatnam Metropolitan Region have recorded a sharp increase, with recent government-conducted auctions indicating a rise of up to 60 percent. The surge is largely attributed to growing demand driven by large-scale IT and infrastructure investments planned across the region, according to official sources.
The Visakhapatnam Metropolitan Region Development Authority recently conducted auctions for residential and middle-income group plots across multiple layouts. The bidding response reflected renewed confidence among buyers, particularly in locations close to proposed IT hubs and digital infrastructure projects. Officials noted that the demand has been supported by strong interest from both end-users and long-term investors.
In the Palavalasa middle-income group layout, which is located near the upcoming data centre developments at Tarluwada, the base price for plots was fixed at ₹14,500 per square yard. During the auction, bids went as high as ₹23,700 per square yard, representing an increase of nearly 64 percent over the upset price. This layout witnessed one of the highest price appreciations in the recent auction cycle.
Kapuluppada, another emerging IT-focused zone in Visakhapatnam, also recorded strong bidding activity. Average bid prices in this area were around 47 percent higher than the reserve prices, with premium plots fetching up to ₹34,500 per square yard. Officials attributed the demand to planned IT parks, improved connectivity, and infrastructure upgrades in and around the area.
Authorities highlighted that the region has attracted investment proposals worth approximately ₹2.5 lakh crore, primarily in sectors such as information technology, data centres, and allied digital infrastructure. This investment momentum has had a direct impact on land values, with price appreciation extending beyond the city limits to nearby areas including Anakapalli and Vizianagaram, where all auctioned plots were successfully sold.
VMRDA officials stated that buyers are increasingly preferring authority-developed layouts due to clear land titles, planned road networks, parks, and access to basic civic amenities. The strong response to auctions is also influencing pricing trends in private residential layouts, where rates are gradually aligning with government auction benchmarks.
With sustained infrastructure development and continued IT investments, Visakhapatnam’s real estate market is witnessing steady upward movement in land prices, making plotted developments a key segment to watch in the coming months
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