Vizag
Shivaji Palem serves as a key residential hub in Vizag, characterized by a stable asking price of ₹6,250 per sq ft for apartments. The local property market demonstrates a slight adjustment, with apartment prices shifting by -2.93% recently. Rental demand in the vicinity remains active, with established neighborhoods such as Lawsons Bay Colony and Paanduranga Puram commanding consistent rental rates of ₹50 per sq ft. This balance between capital values and rental income potential supports a steady interest from both end-users and investors looking for long-term growth in the region.
The average asking price in Shivaji Palem is ₹6,250 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating that property values in this locality have held firm over the recent period.
The micromarket rate in Shivaji Palem has shown a slight upward trajectory, reaching ₹3,500 per sq ft in June 2026, compared to ₹3,450 per sq ft in March 2026. This follows a period of fluctuation where the rate was ₹3,550 per sq ft in December 2025 and ₹4,050 per sq ft in September 2025, suggesting a period of market stabilization after previous adjustments.
Property rates in Shivaji Palem, currently at ₹6,250 per sq ft, are generally higher than several surrounding areas. For context, as of June 2026, the average asking price in Boyapalem is ₹3,900 per sq ft (0% change), in Pothinamallayya Palem is ₹4,750 per sq ft (depreciated by 5.45% from previous periods), and in Madhurawada is ₹4,850 per sq ft (depreciated by 6.04% from previous periods). Meanwhile, Rushikonda has seen an appreciation of 5.53% to reach ₹5,850 per sq ft, and Yendada is currently at ₹5,950 per sq ft after a depreciation of 9.74%.
As of June 2026, the average price for apartments in Shivaji Palem is ₹6,250 per sq ft. This figure reflects a depreciation of 2.93% compared to the prior period, which may indicate a slight market correction or a shift in the current inventory mix available for sale.
Rental rates in the vicinity of Shivaji Palem are consistent across key neighbouring localities. As of June 2026, both Lawsons Bay Colony and Paanduranga Puram report an average rental rate of ₹50 per sq ft, with both areas showing a 0% change in rental values, indicating a stable rental market in these parts of the city.
Investors looking at Shivaji Palem should note the average asking price of ₹6,250 per sq ft as of June 2026, which has remained stable with a 0% change. Since the rental yield data is currently unavailable, investors should focus on the capital appreciation potential by monitoring the micromarket rate trends, which have recently moved from ₹3,450 per sq ft in March 2026 to ₹3,500 per sq ft in June 2026, reflecting a cautious but positive shift in local market sentiment.
