Vizag
Murali Nagar maintains a robust position in the Vizag real estate landscape, characterized by consistent pricing and steady demand for residential apartments. The market is currently anchored at ₹7,800 per sq ft, reflecting a balanced outlook for both end-users and investors. Rental demand in the surrounding vicinity remains active, with notable rates reaching ₹50 per sq ft in premium pockets. The local infrastructure continues to support long-term value retention for property owners.
As of September 2026, the average asking price in Murali Nagar stands at ₹7,800 per sq ft. This rate has remained stable, showing 0% change compared to previous periods, which typically indicates a balanced market environment where supply and demand are currently in equilibrium.
Property prices in Murali Nagar have maintained a consistent average asking price of ₹7,800 per sq ft as of September 2026. While the local micromarket rates observed in the broader area fluctuated between ₹3,650 and ₹5,450 per sq ft from December 2025 to June 2026, the specific residential apartment market in Murali Nagar has demonstrated price stability.
Property rates in Murali Nagar, at ₹7,800 per sq ft as of September 2026, sit at the higher end of the spectrum compared to several surrounding areas. For instance, while Seethammadhara commands a higher rate of ₹8,350 per sq ft, other nearby localities like MVP Colony are priced at ₹7,900 per sq ft. More affordable options are available in areas such as Pendurthi at ₹4,100 per sq ft, Sujatha Nagar at ₹4,050 per sq ft, and Gajuwaka at ₹3,950 per sq ft, providing a wide range of entry points for different buyer budgets.
Apartments in Murali Nagar are currently priced at an average of ₹7,800 per sq ft as of September 2026. This valuation has remained unchanged, reflecting a steady market performance for residential apartment units in the locality over the observed period.
Rental rates in the vicinity of Murali Nagar are currently stable at ₹50 per sq ft in both Paanduranga Puram and Lawsons Bay Colony as of September 2026. These rates have shown 0% change, suggesting a consistent rental market across these established residential pockets.
Among the localities near Murali Nagar, Pendurthi has experienced the most notable growth, with prices appreciating by 5.56% to reach ₹4,100 per sq ft as of September 2026. Conversely, Boyapalem has seen a depreciation of 0.31%, bringing its average rate to ₹3,900 per sq ft, while Gajuwaka and Sujatha Nagar have shown steady growth of 1.9% and 2.8% respectively.
