Credai AP chief Bayana Srinivasa Rao Sure Of Vizag Realty Boom
Says realty business in Visakhapatnam for both residential and commercial will pick up once metro rail project becomes operational
With robust industrial infrastructure and two ports and a reliable connectivity, Visakhapatnam will grow on its own despite the current slump - Bayana Srinivasa Rao, Credai AP president
Visakhapatnam: Elected recently as the president of Credai's Andhra Pradesh chapter, Bayana Srinivasa Rao with rich experience in the real estate sector is confident of a boom time ahead for the construction field in Visakhapatnam as well as Amaravati.
With robust industrial infrastructure and two ports and a reliable connectivity, Visakhapatnam will grow on its own despite the current slump, he told Bizz Buzz adding Amaravati has turned into a focus area with the TDP-led NDA coalition charting out a roadmap to make it a futuristic city in next three years with massive investments under self-finance model and support from the Centre. He said realty business in Visakhapatnam for both residential and commercial will pick up once metro rail project becomes operational and big ticket projects like 10,000-seater campus by Tata Consultancy Services (TCS), Adani Data Park, greenfield integrated steel plant by ArcelorMittal/Nippon Steel India at Nakkapalli and country's first green hydrogen hub at Pudimadaka are grounded.
Rao, who has done M Com and LLb.is the Managing Director SVS Pro-Builders Pvt Ltd, Since 1999 he served as executive committee member, joint secretary, treasurer, honorary secretary of Credai. He also served as president and chairman of Credai Visakhapatnam chapter twice. He had successfully served as general secretary of Credai-Andhra Pradesh during 2023-25.
He is confident of good days ahead following issuance of single window clearance for building approvals and abolition of NALA Act. Credai Andhra Pradesh now represents 1,200 developers across 20 city chapters, making it the largest association of real estate developers in South India.
He reaffirmed the association’s commitment to professionalism, ethical integrity, and consumer trust through its Code of Conduct and Consumer Redressal Forum. He said the newly elected leadership is firm on streamlining regulatory processes by resolving Section 22A land issues and the proposed comprehensive government order consolidating all existing real estate guidelines to enhance clarity
for developers.
