Vizag
The real estate market in Shivaji Palem currently presents a stable investment landscape with an average asking price of ₹6,250 per sq ft for apartments. Local market dynamics are influenced by proximity to various key hubs in Vizag, where neighboring areas exhibit diverse pricing trends. Rental demand remains steady, with established areas like Lawsons Bay Colony and Paanduranga Puram commanding rental rates of ₹50 per sq ft, indicating a consistent pull for rental properties. Prospective buyers should monitor price adjustments carefully as the market balances supply with current buyer expectations.
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 steady over the recent period.
Property prices in the Shivaji Palem micromarket have shown a slight upward trajectory, moving from ₹3,450 per sq ft in March 2026 to ₹3,500 per sq ft in June 2026. This follows a period of fluctuation where prices were at ₹3,550 per sq ft in December 2025 and ₹4,050 per sq ft in September 2025, suggesting a period of market adjustment.
Property rates in Shivaji Palem, currently at ₹6,250 per sq ft, are generally higher than many surrounding areas. For comparison, average asking prices in nearby localities include Boyapalem at ₹3,900 per sq ft, Yendada at ₹5,950 per sq ft, and Madhurawada at ₹4,850 per sq ft. Other notable areas include Pothinamallayya Palem at ₹4,750 per sq ft, Rushikonda at ₹5,850 per sq ft, Kommadi at ₹5,200 per sq ft, and Gajuwaka at ₹3,900 per sq ft.
Apartments in Shivaji Palem are currently priced at an average of ₹6,250 per sq ft as of June 2026. This figure reflects a depreciation of 2.93% compared to the previous period, which may indicate a softening in demand or an increase in available inventory for this specific property type.
Rental rates in the vicinity of Shivaji Palem are currently observed at ₹50 per sq ft in both Lawsons Bay Colony and Paanduranga Puram as of June 2026. These rental rates have remained stable with a 0% change, reflecting consistent demand for rental properties in these established neighbourhoods.
Among the areas surrounding Shivaji Palem, Yendada has experienced a notable depreciation of 9.74%, while Madhurawada and Gajuwaka also saw price corrections of 6.04% and 5.93% respectively. Conversely, Kommadi and Rushikonda have shown positive growth, with rates appreciating by 6.42% and 5.53% respectively, indicating varying levels of investor confidence and demand across these different micromarkets.
