Vizag
The real estate market in Murali Nagar is characterized by a firm price point of ₹7,800 per sq ft, showing resilience across recent months. While surrounding areas like Gajuwaka have experienced a price correction of -5.93%, Murali Nagar has maintained its valuation, underscoring its status as a preferred residential destination. Investors looking at the broader Vizag region will find that Murali Nagar offers a premium compared to nearby locations like Pendurthi and Sujatha Nagar. Rental opportunities in the wider area are also notable, with rates in Paanduranga Puram and Lawsons Bay Colony currently averaging ₹50 per sq ft.
The average asking price in Murali Nagar is ₹7,800 per sq ft as of June 2026. This rate has remained stable with a change percentage of 0% when compared to previous periods, indicating a consistent valuation for residential apartments in this locality.
Property rates in Murali Nagar have shown a period of stability, with the average asking price holding at ₹7,800 per sq ft as of June 2026. While the broader micromarket rate fluctuated from ₹6,100 per sq ft in September 2025 to ₹5,200 per sq ft by June 2026, the specific locality rate for Murali Nagar has maintained its price point, reflecting a steady hold in the local real estate market.
Property rates in Murali Nagar, at ₹7,800 per sq ft, are significantly higher than surrounding areas such as Sujatha Nagar, Pendurthi, Boyapalem, and Gajuwaka, which all hover around the ₹3,900 to ₹3,950 per sq ft range as of June 2026. Among these neighbours, Sujatha Nagar has seen an appreciation of 2.99% and Pendurthi has appreciated by 4.44% since their last recorded periods, whereas Gajuwaka experienced a depreciation of 5.93%.
The average rental rate in nearby localities like Paanduranga Puram and Lawsons Bay Colony is ₹50 per sq ft as of June 2026. These rental rates have remained stable with a change percentage of 0%, providing a consistent benchmark for tenants and landlords looking at the broader Vizag region surrounding Murali Nagar.
The typical price for an apartment in Murali Nagar is ₹7,800 per sq ft as of June 2026. This pricing has remained unchanged at 0% compared to previous data, suggesting that apartments in this area are currently positioned at a premium compared to many other residential pockets in the city.
Buyers can use the property rates data for Murali Nagar to benchmark their investment against both the local average of ₹7,800 per sq ft and the surrounding micromarket rates, which currently range between ₹3,900 and ₹3,950 per sq ft. By observing that Murali Nagar maintains a stable price point of 0% change, buyers can identify that the area offers a consistent value proposition, helping them negotiate effectively based on current market realities as of June 2026.
