Property Rates in Vizag

Property prices in Vizag have seen a downward trend over the past year. From June 2025 to March 2026, the average city rate decreased from ₹4,948 per sq ft to ₹4,243 per sq ft. Specifically, prices declined from ₹5,110 per sq ft in September 2025 to ₹4,829 per sq ft in December 2025, and further to ₹4,243 per sq ft by March 2026. This consistent decline indicates a softening market, which could present opportunities for bargain hunters.

As of March 2026, the average asking price in Vizag is ₹4,243 per sq ft, while the Government Registration Rate is ₹4,207 per sq ft. This indicates a very small difference of ₹36 per sq ft between what sellers are asking and the rate registered by the government, suggesting a market where listed prices are closely aligned with official valuations.

In Vizag, villas command a significantly higher average price compared to apartments. As of March 2026, villas are priced at an average of ₹6,331 per sq ft, showing a notable appreciation of 19.16% over the period. In contrast, apartments, which form the bulk of the market, are priced at ₹4,243 per sq ft, having depreciated by 12.14% during the same timeframe.

In Vizag, property prices vary significantly by construction status as of March 2026. 'Ready To Move' properties are priced at ₹4,347 per sq ft, showing a slight depreciation of 2.11%. 'Under Construction' properties are valued higher at ₹4,845 per sq ft, with a modest appreciation of 1.36%. 'New Launch' projects are priced at ₹4,127 per sq ft, indicating a positive growth of 7.54%, while 'Mid Stage' projects are at ₹4,945 per sq ft with a 3.33% depreciation.

As of March 2026, projects in Vizag with the highest listing rates include 'Sai Sree S Murali Madhuram' in Pothinamallayya Palem, Vizag North, at ₹15,726 per sq ft, which saw a slight appreciation of 0.61%. Other high-rate projects include 'Daspalla Gangapur Royal Palace' and 'Manchukonda Pride' in Vizag Central, both listed at ₹11,478 per sq ft and ₹11,224 per sq ft respectively, with no reported change in rates.

The provided data does not contain information on developers ranked by transaction activity, making it impossible to identify which developers have seen the highest volume of sales in Vizag.

As of March 2026, the average rental rate for a 3 BHK apartment in Vizag is ₹38,813 per month. This figure represents the typical monthly rent for this configuration in the residential apartment segment within the city.

The rental yield for Vizag is currently listed as 'NA' (Not Available). Typically, rental yield is calculated by dividing the annual rental income by the property's total value and multiplying by 100. A 'NA' status means this metric is not currently calculable from the available data, making it difficult to assess the immediate income-generating potential of properties relative to their capital value.

As of March 2026, projects in Vizag with the highest rental rates include 'MK Royale' and 'Kalyan Villa', both located in Panduranga Puram, Vizag Central, with rentals at ₹17 per sq ft and ₹16 per sq ft respectively. Following closely are 'MVV Gardens' and 'Madhuri Palace' in Lawsons Bay Colony, Vizag Central, with rental rates of ₹15 per sq ft and ₹14 per sq ft. These projects represent premium rental offerings in the city.

The provided data does not include a breakdown of rental rates across different micromarkets within Vizag, making it impossible to compare rental price variations between neighborhoods.

The current property market in Vizag, as of March 2026, shows a depreciating trend with the average asking price at ₹4,243 per sq ft, down 12.14% from December 2025. This price decline might favor end-users looking to purchase a home, as they could potentially negotiate better deals. For investors, the current market might signal a period of caution, though the long-term potential would depend on future market dynamics and rental income prospects if available.

The property rates data for Vizag provides crucial insights for decision-making. By examining the average asking price (₹4,243 per sq ft as of March 2026) and its recent trend (a 12.14% depreciation), buyers can gauge market conditions. Comparing prices across property types like villas (₹6,331 per sq ft) and apartments (₹4,243 per sq ft), or by construction status, helps in identifying specific segment opportunities. For renters, understanding the average rent for a 3 BHK (₹38,813 per month) and premium rental projects can inform their search.