Vizag
Murali Nagar continues to be a key residential hub in Vizag, maintaining a steady average asking price of ₹7,800 per sq ft. The market has demonstrated resilience, holding this price point consistently from September 2025 through December 2025. Nearby localities provide a range of entry points for investors, with areas like Sujatha Nagar showing positive growth, while others like Gajuwaka have experienced a slight adjustment. Rental activity in neighboring prime corridors remains robust, offering consistent returns for property owners.
The current 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 the previous period, indicating a period of price consistency in this residential market.
Property rates in Murali Nagar, currently at ₹7,800 per sq ft, are significantly higher than several surrounding areas. For instance, Boyapalem and Gajuwaka both report an average asking price of ₹3,900 per sq ft, while Sujatha Nagar and Pendurthi are priced at ₹3,950 per sq ft and ₹3,900 per sq ft respectively. The data shows that Gajuwaka experienced a depreciation of 5.93% in its rates, whereas Pendurthi saw an appreciation of 4.44% and Sujatha Nagar appreciated by 2.99% over the observed period.
Apartments are the primary residential property type in Murali Nagar, with an average asking price of ₹7,800 per sq ft as of June 2026. This segment has maintained a stable price trajectory with a 0% change, reflecting a consistent valuation for apartment-style living in this locality.
Rental rates in the vicinity of Murali Nagar show a stable trend in key neighbouring pockets. Both Paanduranga Puram and Lawsons Bay Colony currently command an average rental rate of ₹50 per sq ft as of June 2026. These rates have remained unchanged with a 0% growth rate, suggesting a steady rental market environment in these specific locations.
Investors looking at the broader region around Murali Nagar should note that rental rates are currently holding steady at ₹50 per sq ft in established areas like Lawsons Bay Colony and Paanduranga Puram as of June 2026. While specific rental yield data for Murali Nagar is not currently available, the stability in rental pricing indicates a predictable income environment for landlords. Potential investors should weigh these rental figures against the higher capital entry costs in premium localities like Murali Nagar to determine their overall return on investment.
The price trend data for Murali Nagar shows that the average asking price has held steady at ₹7,800 per sq ft from December 2025 through June 2026. While the broader micromarket rate fluctuated—dropping from ₹6,100 per sq ft in September 2025 to ₹5,450 per sq ft in December 2025 and further to ₹3,650 per sq ft by March 2026—Murali Nagar has maintained its premium positioning, suggesting resilient demand for its specific residential inventory.
