Vizag: VPT set to lease out land for real estate

Hyderabad | Thursday | 21st February, 2019

Summary:

Finally, a total extent of 1,576 acres of land was vacant, including land in Lankelapalem and Mulakuddu villages. VPT had taken a decision in late 2017 to lease the surplus land. The port, which opened for business in 1933, has about 100 acres of land in several prime areas of the city, including Saligramapuram. Another 912 acres of land included hills, vegetation and water bodies. The land could be used to build office blocks, or shopping complexes..