BVM Energy and Residency Private Limited, a Kapil Group Entity, has been allocated 10 acres out of the 30 acres earmarked to set up the World Trade Centre facility at Visakhapatnam.
The Andhra Pradesh government issued an order on Friday, allotting land at Yendada near Visakhapatnam to set up the facility.
The company has proposed to invest ₹1,250 crore on the facility, which would house Grade-A+ office space, co-working space, green zone, and a Star hotel. The project has the potential to create 15,000 jobs.
“The land will be allotted at Rs 1.5 per acre. The allotment of the remaining 20 acres will be examined after receipt of the additional proposal for the development of the Integrated IT Park,” the order said.
Land for Sify arm
In another GO, the Government allotted 28.6 acres of land near Visakhapatnam to Sify Infinit Spaces Limited, an arm of Sify.
The GO stated that the allotment is part of the State’s plan to develop data centre capacity up to 1GW. The company operates 14 data centres in the country with an aggregate capacity of over 227 MW.
The company has sought 53.6 acres of land at Visakhapatnam to set up a data centre park with 550 MW capacity in phases, with a cumulative investment of ₹15,266 crore.
After considering their request, the government has allocated two land parcels (3.6 acres and 25 acres at Madhurawada and Paradesipalem) at ₹1 crore and ₹50 lakh per acre, respectively.
Published on August 1, 2025
