Property Rates in Vizag - Avg ₹4,250/sq ft

Buy
Rent
Manage
Finance
Interiors
For Professionals

Sell or Rent Property

Home
Property Rates in Vizag

Property rates in Vizag average ₹4,250 per sq ft, reflecting a period of price adjustment in the local real estate sector. While the market has seen fluctuations recently, the demand for varied residential formats remains steady. Notably, villas have emerged as a high-growth segment, commanding an average of ₹6,350 per sq ft, while apartments continue to serve as the primary volume driver for prospective homebuyers throughout the city.

Insights

Insights for Vizag Real Estate Market Overview

The Vizag property market currently exhibits a blend of correction and opportunity, with average asking prices holding at ₹4,250 per sq ft. Recent quarterly movements indicate a recalibration from previous peaks, providing a more accessible entry point for new buyers. The rental market is equally active, particularly for 3 BHK apartments, which command an average monthly rent of ₹38,800. Developers are balancing inventory across different construction stages, with a notable uptick in interest for new launches and under-construction projects. Strategic investment remains focused on premium localities and established project hubs that continue to offer long-term value.

Villas have recorded a significant price growth of 19.16%, currently averaging ₹6,350 per sq ft.
Ready-to-move projects maintain a stable presence with an average price of ₹4,350 per sq ft.
New launch projects are seeing positive momentum with a 7.54% price increase, averaging ₹4,150 per sq ft.
Under-construction inventory is priced at ₹4,850 per sq ft, showing a steady growth of 1.36%.
The rental market shows consistent demand for 3 BHK residential apartments across key central localities.

Market Strengths

Villas command a premium average price of ₹6,350 per sq ft, highlighting luxury market resilience.
The market maintains a healthy supply of 61 ready-to-move units for immediate buyer needs.
New launch projects show a promising growth of 7.54%, indicating active development cycles.
Rental demand for 3 BHK units remains robust with average rents at ₹38,800 per month.
Under-construction inventory shows stable growth of 1.36%, reflecting ongoing buyer confidence.

Market Challenges

Apartment segment prices have seen a decrease of -12.14%, suggesting a need for careful valuation.
Ready-to-move projects have experienced a slight price adjustment of -2.11%.
Mid-stage construction projects are currently showing a price trend of -3.33%.

Investment Opportunities

Villas have shown strong appreciation with a 19.16% price increase, making them a high-growth asset class.
New launch projects are gaining traction with a 7.54% price growth, signaling positive buyer sentiment.
Under-construction projects currently offer an average price point of ₹4,850 per sq ft for long-term value.
3 BHK apartments command a steady average monthly rent of ₹38,800, providing consistent returns for rental investors.

Top Micromarkets in Vizag

Vizag Central

Avg Price ₹ 3,650 /sqft

YOY -32.58 %

Avg Rent ₹ 16 /sq ft

YIELD + 5.26

LISTINGS 141

Vizag South

Avg Price ₹ 3,450 /sqft

YOY -2.46 %

LISTINGS 33

Vizag North

Avg Price ₹ 5,050 /sqft

YOY -5.43 %

LISTINGS 1,534

Price Trend

Vizag Property Price Trends and Appreciation

The property market in Vizag has experienced a dynamic price trajectory over the past year. After reaching a peak of ₹5,100 per sq ft in September 2025, rates have moderated to the current level of ₹4,250 per sq ft. This trend reflects a broader market adjustment, providing buyers with more competitive entry points compared to the highs observed in late 2025.

Asking Price Trends

₹ 4,250/sq.ft. -12.14 % QoQ

Jun 2025 — Mar 2026

Quarter	City Rate
Mar 2026	4250
Dec 2025	4850
Sep 2025	5100
Jun 2025	4950

About Asking Price Trends

Vizag Property Price Comparison

By Property Type
By Property Status

Type	Rate (₹/sq.ft)	Change %
Villa	6,350	19.2
Apartment	4,250	-12.1

Vizag's real estate market caters to distinct buyer preferences through its varied property categories. Villas lead the premium segment, priced at ₹6,350 per sq ft and experiencing a substantial growth of 19.16%. Meanwhile, apartments are priced at ₹4,250 per sq ft, reflecting a change of -12.14%, which highlights the shifting demand patterns within the residential sector.

Status	No of Project	Rate (₹/sq.ft)	Change %
Ready To Move	62	4,331	-2.1
Under Construction	11	4,850	1.4
New Launch	14	4,150	7.5

The Vizag market offers properties across various development stages to suit different buyer timelines. Ready-to-move inventory, comprising 61 units, averages ₹4,350 per sq ft, appealing to those seeking immediate possession. Under-construction projects present 11 opportunities at ₹4,850 per sq ft, while new launch projects are priced at ₹4,150 per sq ft, showing a healthy growth of 7.54%.

Project & Developer Insights

Top Residential Projects and Developers in Vizag

Shriram Properties ₹ 48.41 L - ₹ 4.54 Cr

4 Projects
24 Years

Ramky Group ₹ 64.06 L - ₹ 87.98 L

1 Projects
20 Years

Lansum Group ₹ 66.81 L - ₹ 2.96 Cr

4 Projects
6 Years

Northstar Homes ₹ 1.04 Cr - ₹ 2.08 Cr

2 Projects

Marvel

1 Projects
18 Years

Prajay Engineers ₹ 75.15 L - ₹ 1.08 Cr

1 Projects
25 Years

Legend Estates

1 Projects
21 Years

Pate

1 Projects

MVV Builders ₹ 67.52 L - ₹ 1.44 Cr

37 Projects

Mk Builders ₹ 36.96 L - ₹ 2.63 Cr

22 Projects

Top Projects by Listing Rates

Listing Rate
By Rental

Project Name	Rate (₹/sq.ft)	Change %
Sai Sree S Murali Madhuram, Pothinamallayya Palem	15,750	0.6
Daspalla Gangapur Royal Palace, East Point Colony	11,500	-
Manchukonda Pride, Chinna Waltair	11,200	-
Vaisakhi Skyline, Yendada	8,900	-
Mk Gold Coast, Yendada	8,700	-2.5
Lansum Oxygen Towers, Seethammadhara	8,500	-30.4
Ksr Pleasant Valley, Marripalem	8,000	-
Mk One, Yendada	7,500	-
Teetlas Kp Paradise, Madhavadhara	7,450	-
Mvv Pallavi, Pedda Waltair	6,500	-

Premium residential developments in Vizag set high-value benchmarks, with projects like Sai Sree S Murali Madhuram in Pothinamallayya Palem leading at ₹15,750 per sq ft. Dasp ft. Daspalla Gangapur Royal Palace in East Point Colony follows at ₹11,500 per sq ft, while Manchukonda Pride in Chinna Waltair is priced at ₹11,200 per sq ft. Other notable developments, including Vaisakhi Skyline and MK Gold Coast, continue to attract interest in the north zone, maintaining strong price points for luxury living.

Project Name	Rate (₹/sq.ft)	Change %
Mk Royale, Paanduranga Puram	17	-
Kalyan Villa, Paanduranga Puram	16	-
Mvv Gardens, Lawsons Bay Colony	15	-
Madhuri Palace, Lawsons Bay Colony	14	-

Top projects such as MK Royale and Kalyan Villa in Paanduranga Puram, along with MVV Gardens and Madhuri Palace in Lawsons Bay Colony, maintain consistent rental interest. These projects showcase the demand for well-located residential spaces, with current rental rates reflecting their prime status in the central market.

Rental Trends

Rental Trends and Average Rent in Vizag

The rental market in Vizag is anchored by 3 BHK apartments, which serve as the primary unit type for residential leasing. These properties command an average monthly rent of ₹38,800, reflecting the demand for spacious living arrangements in the city. Top projects such as MK Royale and Kalyan Villa in Paanduranga Puram, along with MVV Gardens and Madhuri Palace in Lawsons Bay Colony, maintain consistent rental interest. These projects showcase the demand for well-located residential spaces, with current rental rates reflecting their prime status in the central market.

Vizag Rent Comparison

By Unit Type

Unit Type	Rate (₹)
3 Bhk	38,800

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 38,600 /sq.ft

Govt Registration Rate ₹ 18,350 /sq.ft

Navi Mumbai

Avg. Asking Price ₹ 19,300 /sq.ft

Govt Registration Rate ₹ 13,950 /sq.ft

Delhi

Avg. Asking Price ₹ 18,350 /sq.ft

Thane

Avg. Asking Price ₹ 15,350 /sq.ft

Govt Registration Rate ₹ 9,500 /sq.ft

Gurgaon

Avg. Asking Price ₹ 14,850 /sq.ft

Pune

Avg. Asking Price ₹ 12,950 /sq.ft

Govt Registration Rate ₹ 8,750 /sq.ft

Bangalore

Avg. Asking Price ₹ 12,100 /sq.ft

Govt Registration Rate ₹ 5,900 /sq.ft

Noida

Avg. Asking Price ₹ 11,750 /sq.ft

Govt Registration Rate ₹ 8,900 /sq.ft

Hyderabad

Avg. Asking Price ₹ 9,300 /sq.ft

Govt Registration Rate ₹ 3,700 /sq.ft

Chennai

Avg. Asking Price ₹ 7,900 /sq.ft

Top Localities in Vizag By Property Prices

Seethammadhara

Avg. Asking Price ₹ 9,550 /sq.ft

Kirlampudi Layout

Avg. Asking Price ₹ 8,350 /sq.ft

MVP Colony

Avg. Asking Price ₹ 8,350 /sq.ft

Lawsons Bay Colony

Avg. Asking Price ₹ 7,950 /sq.ft

Murali Nagar

Avg. Asking Price ₹ 7,800 /sq.ft

Chinna Waltair

Avg. Asking Price ₹ 7,750 /sq.ft

Maddilapalem

Avg. Asking Price ₹ 7,250 /sq.ft

Pedda Waltair

Avg. Asking Price ₹ 6,900 /sq.ft

Maharani Peta

Avg. Asking Price ₹ 6,850 /sq.ft

Madhavadhara

Avg. Asking Price ₹ 6,400 /sq.ft

FAQ

Frequently Asked Questions About Property Rates in Vizag

What is the current average asking price in Vizag?

As of March 2026, the average asking price in Vizag is ₹4,250 per sq ft. This figure reflects a depreciation of 12.14% when compared to the previous period, indicating a market correction in the city's residential apartment segment.

How have property prices in Vizag trended over the last few quarters?

Property prices in Vizag have shown a mixed trajectory over the past year, with the average asking price moving 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 price adjustment, which may offer more favorable entry points for prospective buyers compared to the peak observed in late 2025.

How does the average asking price in Vizag compare to the Government Registration Rate?

As of March 2026, the average asking price in Vizag stands at ₹4,250 per sq ft, which is closely aligned with the Government Registration Rate of ₹4,200 per sq ft. This narrow gap between the market-driven asking price and the government-notified rate suggests that property valuations in the city are currently well-anchored and reflect realistic market conditions for buyers and investors.

What is the price difference between villas and apartments in Vizag?

As of March 2026, villas in Vizag command a premium with an average price of ₹6,350 per sq ft, having appreciated by 19.16% compared to the previous period. In contrast, apartments are priced at an average of ₹4,250 per sq ft, which represents a depreciation of 12.14% over the same timeframe. This divergence highlights a strong preference for independent luxury living, while the apartment segment is currently undergoing a price correction.

How do property prices in Vizag vary based on the project status?

Property prices in Vizag vary significantly by development stage as of March 2026. Ready To Move projects are averaging ₹4,350 per sq ft, reflecting a 2.11% depreciation from the previous period. Meanwhile, Under Construction projects are priced at ₹4,850 per sq ft, showing an appreciation of 1.36%, and New Launch projects are at ₹4,150 per sq ft, which has appreciated by 7.54%. These trends indicate that while completed inventory is seeing a slight correction, there is resilient demand and positive price growth in new and under-construction developments.

Which projects in Vizag currently command the highest listing rates?

As of March 2026, the project with the highest listing rate in Vizag is Sai Sree S Murali Madhuram in Pothinamallayya Palem, priced at ₹15,750 per sq ft, which has appreciated by 0.61% compared to the previous period. Other premium 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; both of these projects have maintained stable pricing with no change in their rates during this timeframe.

What is the typical rent for a 3 BHK apartment in Vizag?

As of March 2026, the average monthly rent for a 3 BHK apartment in Vizag is ₹38,800. This data point serves as a key benchmark for tenants seeking spacious residential options and for investors looking to understand the income potential of larger apartment units in the city.

Which are the top projects for rental income in Vizag?

As of March 2026, several projects in Vizag Central stand out for their rental performance, including MK Royale and Kalyan Villa in Paanduranga Puram, which command current rental rates of ₹17 per sq ft and ₹16 per sq ft, respectively. Additionally, MVV Gardens and Madhuri Palace in Lawsons Bay Colony are prominent, with current rental rates of ₹15 per sq ft and ₹14 per sq ft. All these top-performing projects have maintained stable rental rates with 0% change, indicating consistent demand for premium residential spaces in these established localities.

How should a buyer interpret the current property price trends in Vizag?

A buyer should view the current market in Vizag, where the average asking price is ₹4,250 per sq ft as of March 2026, as a phase of correction following the higher price levels seen in late 2025. With the market showing a 12.14% depreciation compared to the previous period, this environment may provide a strategic opportunity for end-users to acquire property at more competitive rates. It is advisable to compare the specific project status—such as the premium seen in Under Construction projects versus the correction in Ready To Move units—to align with long-term investment or residential goals.