The capital region of AP is faced with severe shortage of office accommodation. As many as 40 corporate houses and IT companies (Staffing Aug Companies Mostly) have been unsuccessfully scouting for office accommodation for the last one year in Vijayawada and surrounding areas. Even Visakhapatnam city does not have sufficient space to house private offices
About 30 IT companies owned by people of Andhra origin approached the AP government a year ago expressing their willingness to launch operations in the capital region. “We are coordinating with local real estate dealers and the state government on office accommodation. But getting plug-and-play work space is almost impossible. Builders are in traditional mode of approach while taking up construction,” said Ravi Kumar Vemuru, chief executive officer of AP Non-Resident Telugu Society.
In all, 21 companies have sought 75,200 sft office space in Vijayawada. The companies promised to generate around 1,000 jobs. Same is the case with Viskhapatnam and Tirupati. Many companies had waited for about eight months to find a suitable office accommodation.