Andhra Pradesh Minister Nara Lokesh Meets Rustomjee Group Chairman Boman Irani, Proposes Luxury Township in Visakhapatnam

Visakhapatnam, October 6, 2025, 8:30 PM IST – In a significant development for Andhra Pradesh’s real estate landscape, Minister for IT, Electronics, and Education Nara Lokesh met with Mr. Boman Irani, Chairman of the renowned Rustomjee Group, during a recent visit to Mumbai. The Rustomjee Group, a name synonymous with excellence in the Indian real estate sector, has an impressive track record of developing over 25 million square feet of premium residential and commercial spaces across the country, setting benchmarks in quality and innovation. The meeting underscored a promising opportunity to bring this expertise to Andhra Pradesh’s coastal gem, Visakhapatnam.

During the discussion, Minister Lokesh extended a warm invitation to the Rustomjee Group to invest in and develop a state-of-the-art luxury township project in Visakhapatnam. Highlighting the city’s rapid transformation into a burgeoning economic hub, he pointed to the significant influx of IT companies and data centers that are driving growth and attracting a skilled workforce. “Visakhapatnam is on the cusp of a remarkable urban evolution, with its strategic location, growing infrastructure, and vibrant business ecosystem making it an ideal destination for premium real estate ventures,” Lokesh noted in his X post. He emphasized the state government’s commitment to fostering such developments through supportive policies and world-class amenities.

The proposed luxury township aligns with Andhra Pradesh’s vision to enhance its urban infrastructure and cater to the rising demand for high-end housing amid the city’s tech boom. The Rustomjee Group’s expertise in creating sustainable, upscale communities could significantly elevate Visakhapatnam’s real estate market, offering modern living spaces that blend luxury with functionality. Minister Lokesh expressed confidence that this collaboration would not only boost the local economy but also position Visakhapatnam as a premier destination for both residents and investors. Further details on the project are expected as discussions progress, marking a potential milestone in the city’s development trajectory.