Vizag
The real estate market in KRM Colony presents a steady environment for property investment and residential living. With an average asking price of ₹6,150 per sq ft, the area remains competitive against neighboring localities like Seethammadhara and MVP Colony. Rental demand remains healthy in the broader region, with nearby residential pockets recording consistent rental rates of ₹50 per sq ft. This stability makes the locality an attractive option for those balancing affordability with proximity to key city infrastructure.
As of Sep 2026, the average asking price in KRM Colony stands at ₹6,150 per sq ft. This rate has remained stable, showing a 0% change, which typically indicates a period of price consolidation in the local residential apartment market.
The micromarket rates in KRM Colony have shown a fluctuating trajectory throughout 2026. Prices moved from ₹5,450 per sq ft in Dec 2025 to ₹3,650 per sq ft in Mar 2026, followed by a recovery to ₹5,250 per sq ft in Jun 2026, and finally settling at ₹5,100 per sq ft as of Sep 2026. This volatility suggests that buyers and investors should closely monitor quarterly shifts to understand the evolving demand-supply dynamics in the area.
Property rates in KRM Colony, at ₹6,150 per sq ft, sit in the mid-to-high range when compared to surrounding areas in Vizag. For instance, Seethammadhara commands a higher rate of ₹8,550 per sq ft, having appreciated by 2.05% from the previous period, while more affordable options are available in Boyapalem at ₹3,950 per sq ft, which saw an appreciation of 0.82%. Other nearby areas like Yendada have seen significant growth, with prices rising by 5.98% to reach ₹6,650 per sq ft, whereas Akkayyapalem experienced a depreciation of 1.21%, bringing its average to ₹6,550 per sq ft.
While specific rental data for KRM Colony is limited, nearby prime locations such as Lawsons Bay Colony and Paanduranga Puram currently command an average rental rate of ₹50 per sq ft. These rental rates have remained stable with a 0% change, providing a consistent benchmark for landlords and tenants looking at residential properties in the vicinity of KRM Colony.
