Vizag
KRM Colony presents a robust residential landscape within Vizag, characterized by a steady asking price of ₹6,150 per sq ft. The surrounding micromarkets show varied price points, with Kommadi and Rushikonda emerging as notable alternatives for buyers seeking slightly lower entry costs. Meanwhile, the rental market in the vicinity remains consistent, with prime areas like Lawsons Bay Colony and Paanduranga Puram commanding stable rental rates of ₹50 per sq ft. This dynamic environment supports a diverse range of investment opportunities for those looking to capitalize on the city's growth.
The average asking price in KRM Colony is ₹6,150 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating a period of price consolidation in the local residential apartment market.
Property prices in the KRM Colony micromarket have shown significant volatility over the past year. After reaching ₹6,100 per sq ft in September 2025, the rate dipped to ₹5,450 per sq ft in December 2025 and further to ₹3,650 per sq ft in March 2026, reflecting a period of market correction and adjustment in demand.
Property rates in KRM Colony, at ₹6,150 per sq ft, are currently positioned at a premium compared to many surrounding areas. For instance, Yendada has an average rate of ₹5,950 per sq ft (which depreciated by 9.74% from the previous period), Rushikonda is at ₹5,850 per sq ft (appreciating by 5.53%), and Kommadi is at ₹5,200 per sq ft (appreciating by 6.42%). Other nearby areas like Pothinamallayya Palem, Madhurawada, Gajuwaka, and Boyapalem currently feature lower average rates ranging from ₹3,900 to ₹4,750 per sq ft.
The rental market in the vicinity of KRM Colony shows consistent pricing in key neighbouring localities. Both Lawsons Bay Colony and Paanduranga Puram currently command an average rental rate of ₹50 per sq ft as of June 2026. These rates have remained stable with a 0% change, suggesting a steady demand for rental properties in these established residential pockets.
The 0% change in the average asking price of ₹6,150 per sq ft in KRM Colony as of June 2026 suggests that the market is currently in a phase of equilibrium. For prospective investors, this stability can be a signal of a mature market where prices have reached a temporary plateau, potentially offering a safer entry point compared to highly volatile or rapidly appreciating micromarkets.
The depreciation observed in nearby localities, such as Yendada (-9.74%) and Madhurawada (-6.04%), indicates a market correction in these specific areas as of June 2026. Such trends often occur when supply levels rise or when buyer demand softens, leading to a recalibration of property values to more competitive levels for prospective homebuyers.
