Vizag
Murali Nagar continues to serve as a key residential hub in Vizag, maintaining a steady average asking price of ₹7,800 per sq ft for apartments. The local market has shown resilience in its pricing, holding firm despite varying trends across surrounding micromarkets. Rental activity in the broader region remains active, with areas like Paanduranga Puram and Lawsons Bay Colony both commanding average rental rates of ₹50 per sq ft. This consistent rental performance provides a solid foundation for those looking to balance capital appreciation with steady rental income.
As of June 2026, the average asking price in Murali Nagar is ₹7,800 per sq ft. This rate has remained stable with a 0% change, indicating that property values in this locality have held steady over the recent period.
The price trend in Murali Nagar shows a shift in the broader micromarket context, where rates moved from ₹5,450 per sq ft in December 2025 to ₹5,200 per sq ft as of June 2026. While the specific locality average for Murali Nagar has remained consistent at ₹7,800 per sq ft since December 2025, the surrounding micromarket data reflects a period of price adjustment.
Property rates in Murali Nagar, currently at ₹7,800 per sq ft, are notably higher than in several surrounding areas. For comparison, as of June 2026, the average asking price in Boyapalem is ₹3,900 per sq ft (stable at 0%), Gajuwaka is ₹3,900 per sq ft (depreciated by 5.93% from previous periods), Sujatha Nagar is ₹3,950 per sq ft (appreciated by 2.99%), and Pendurthi is ₹3,900 per sq ft (appreciated by 4.44%).
While specific rental data for Murali Nagar is not currently available, nearby localities like Paanduranga Puram and Lawsons Bay Colony both command an average rental rate of ₹50 per sq ft as of June 2026. These rental rates have remained stable with a 0% change, providing a benchmark for potential tenants and landlords looking at the broader Vizag real estate market.
Investors looking at the rental market near Murali Nagar should note that established areas like Lawsons Bay Colony and Paanduranga Puram maintain a consistent rental rate of ₹50 per sq ft as of June 2026. Since these rates have seen no change (0%) over the recent period, they offer a predictable income stream for property owners, though investors should weigh these rental returns against the higher capital entry costs found in premium localities like Murali Nagar.
As of June 2026, the average asking price for apartments in Murali Nagar is ₹7,800 per sq ft. This pricing has remained stable with a 0% change, reflecting a consistent valuation for residential apartment stock in this specific locality.
