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Vizag
The Vizag property market currently exhibits a blend of high-end luxury demand and accessible residential supply. Price trends indicate a shift from the peak levels seen in late 2025 toward a more balanced valuation of ₹4,250 per sq ft by March 2026. Rental demand remains healthy, particularly for larger apartment configurations, which continue to attract consistent interest from tenants. Developers are actively responding to these trends by focusing on both new launches and the completion of existing projects.
As of March 2026, the average asking price in Vizag stands at ₹4,250 per sq ft. This figure reflects a market depreciation of 12.14% when compared to the price levels observed in December 2025. Monitoring these quarterly shifts is essential for buyers and investors to understand the current valuation landscape in the city.
Property prices in Vizag have experienced a fluctuating trajectory from June 2025 to March 2026. The average asking price moved from ₹4,950 per sq ft in June 2025 to ₹5,100 per sq ft in September 2025, before declining to ₹4,850 per sq ft in December 2025 and reaching ₹4,250 per sq ft as of March 2026. This recent downward trend suggests a period of market correction, which may provide more favorable entry points for prospective homebuyers.
The average asking price in Vizag is currently ₹4,250 per sq ft, which sits slightly above the Government Registration Rate of ₹4,200 per sq ft as of March 2026. This alignment between the market-driven asking price and the government's benchmark value indicates a relatively stable and transparent pricing environment for property transactions in the city.
Villas in Vizag command a significant premium over apartments, with an average price of ₹6,350 per sq ft as of March 2026, having appreciated by 19.16% compared to previous periods. In contrast, apartments are priced at an average of ₹4,250 per sq ft, which reflects a depreciation of 12.14% from December 2025 to March 2026. This disparity highlights the higher capital requirement for independent villa living compared to the more accessible apartment segment.
As of March 2026, property prices in Vizag vary by project status, with Under Construction projects averaging ₹4,850 per sq ft, reflecting an appreciation of 1.36% compared to prior periods. Ready To Move projects are currently priced at ₹4,350 per sq ft, showing a depreciation of 2.11% over the same timeframe. Meanwhile, New Launch projects are available at ₹4,150 per sq ft, having appreciated by 7.54%, indicating strong developer activity in the early-stage segment.
The most premium residential projects in Vizag, based on current listing rates as of March 2026, include Sai Sree S Murali Madhuram in Pothinamallayya Palem at ₹15,750 per sq ft, which has appreciated by 0.61%. Other notable high-value projects include Daspalla Gangapur Royal Palace in East Point Colony at ₹11,500 per sq ft and Manchukonda Pride in Chinna Waltair at ₹11,200 per sq ft. These projects represent the upper tier of the Vizag real estate market, maintaining stable pricing despite broader market fluctuations.
As of March 2026, the average rental rate for a 3 BHK apartment in Vizag is ₹38,800 per month. This data point is particularly useful for families and professionals looking for spacious residential options, providing a clear benchmark for budgeting in the current rental market.
As of March 2026, several projects in the Vizag Central micromarket lead in rental demand, including MK Royale and Kalyan Villa in Paanduranga Puram, which command ₹17 per sq ft and ₹16 per sq ft respectively. Additionally, MVV Gardens and Madhuri Palace in Lawsons Bay Colony are prominent, with rental rates of ₹15 per sq ft and ₹14 per sq ft respectively. These rates have remained stable with 0% change, indicating a consistent rental income profile for these specific developments.
A buyer in Vizag should interpret the current price trends as a potential opportunity, given that the average asking price of ₹4,250 per sq ft as of March 2026 reflects a 12.14% depreciation from December 2025. While price volatility can be daunting, the alignment between market rates and the Government Registration Rate of ₹4,200 per sq ft suggests a fair-value environment. Prospective buyers should focus on project status, as Under Construction units at ₹4,850 per sq ft and Ready To Move units at ₹4,350 per sq ft offer different risk-reward profiles.
