Vizag
Murali Nagar maintains a consistent residential market with average asking prices holding steady at ₹7,800 per sq ft. The local real estate landscape is marked by stable property values and a clear preference for apartment living. Rental activity in the broader region remains balanced, with key surrounding areas showing consistent demand for residential units. This stability makes the locality an attractive option for those prioritizing long-term value and steady growth within the Vizag property market.
The average asking price in Murali Nagar is ₹7,800 per sq ft as of March 2026. This rate has remained stable with a 0% change compared to the previous period, indicating a consistent market environment for residential apartments in this locality.
Property price trends in Murali Nagar have shown stability, with the average asking price holding steady at ₹7,800 per sq ft from December 2025 through March 2026. While the broader micromarket rate fluctuated during this time, the specific locality rate has maintained its value, suggesting a steady demand for residential inventory in the area.
Property rates in Murali Nagar, currently at ₹7,800 per sq ft, are significantly higher than those in surrounding areas like Sujatha Nagar, where the average asking price is ₹3,950 per sq ft, and Pendurthi, where it is ₹3,900 per sq ft. Pendurthi has seen an appreciation of 4.44% from the previous period to March 2026, while Sujatha Nagar experienced a 2.99% appreciation, highlighting that Murali Nagar remains a premium location relative to these neighbouring markets.
As of March 2026, the average rental rate in both Paanduranga Puram and Lawsons Bay Colony stands at ₹50 per sq ft. These rates have remained stable with a 0% change over the recent period, providing a consistent benchmark for tenants and landlords operating in these specific rental markets.
The 0% change in the average asking price of ₹7,800 per sq ft in Murali Nagar as of March 2026 indicates a period of market equilibrium. For buyers, this stability suggests a predictable pricing environment, while for investors, it highlights a lack of short-term volatility, which can be advantageous for long-term capital planning.
Among the nearby localities, Pendurthi has shown notable growth, with its average asking price of ₹3,900 per sq ft reflecting an appreciation of 4.44% as of March 2026. Conversely, Gajuwaka has seen a depreciation of 5.93% during the same period, with an average asking price of ₹3,900 per sq ft, indicating a softening in that specific market segment.
