Vizag
Murali Nagar continues to serve as a stable residential hub in Vizag, maintaining a consistent price point of ₹7,800 per sq ft throughout recent quarters. While surrounding regions show varying levels of price volatility, this locality offers a predictable investment landscape for those prioritizing capital preservation. The rental market also reflects this stability, with nearby areas like Paanduranga Puram and Lawsons Bay Colony recording average rental rates of ₹50 per sq ft. This balance between established residential pricing and steady rental demand makes the area an attractive option for balanced property portfolios.
The average asking price in Murali Nagar is ₹7,800 per sq ft as of June 2026. This rate has remained stable with a 0% change compared to previous periods, indicating a consistent price environment for residential apartments in this locality.
Property price trends in the Murali Nagar micromarket have shown significant fluctuations, with the rate reaching ₹5,200 per sq ft as of June 2026. This reflects a recovery from the ₹3,650 per sq ft recorded in March 2026, following a period where rates were ₹5,450 per sq ft in December 2025 and ₹6,100 per sq ft in September 2025.
Murali Nagar, with its average asking price of ₹7,800 per sq ft as of June 2026, commands a premium compared to surrounding neighbourhoods. For instance, Boyapalem and Pendurthi both maintain an average asking price of ₹3,900 per sq ft, while Sujatha Nagar is priced at ₹3,950 per sq ft. Pendurthi has shown positive momentum, appreciating by 4.44% from the previous period, whereas Gajuwaka has seen a depreciation of 5.93% to reach its current rate of ₹3,900 per sq ft.
While specific rental data for Murali Nagar is limited, 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 investors looking at the broader rental market in the vicinity.
Investors evaluating the Vizag region should note that established localities like Paanduranga Puram and Lawsons Bay Colony currently sustain a rental rate of ₹50 per sq ft as of June 2026. Because these rates have held steady with no percentage change, they offer a predictable income stream for landlords; however, investors should balance these rental expectations against the capital appreciation trends observed in residential markets like Murali Nagar.
Yes, Murali Nagar is a residential market dominated by apartment-style living, with an average asking price of ₹7,800 per sq ft as of June 2026. This pricing has remained stable with a 0% change, confirming that apartments are the primary property type available for those looking to invest or reside in this locality.
