Vizag
The Shivaji Palem real estate market is currently characterized by a balanced price point of ₹6,250 per sq ft, reflecting stable demand for residential apartments. While the broader Vizag region experiences varied growth, surrounding localities like Madhurawada and Yendada exhibit strong upward momentum in property values. The rental sector remains equally active, with premium locations like Lawsons Bay Colony and Paanduranga Puram maintaining steady rental rates. This combination of stable capital values and consistent rental yields supports a healthy environment for both end-users and investors.
The average asking price in Shivaji Palem is ₹6,250 per sq ft as of September 2026. This rate has remained stable, showing 0% change compared to the previous period, which indicates a period of price equilibrium in this residential locality.
Property prices in Shivaji Palem at ₹6,250 per sq ft sit in the mid-range when compared to surrounding areas. For instance, Seethammadhara commands a higher average asking price of ₹8,350 per sq ft, while more affordable options can be found in Boyapalem at ₹3,900 per sq ft, which has seen a depreciation of 0.31% compared to the previous period. Other nearby areas like Yendada are priced at ₹6,250 per sq ft, showing an appreciation of 5.06% compared to the previous period, and Madhurawada at ₹5,250 per sq ft, which has appreciated by 8.12% over the same timeframe.
Apartments in Shivaji Palem are currently priced at an average of ₹6,250 per sq ft as of September 2026. This figure reflects a depreciation of 2.93% compared to the previous period, suggesting a slight market correction for this specific property type.
Investors looking at the rental market near Shivaji Palem will find consistent pricing in established neighbourhoods. Both Lawsons Bay Colony and Paanduranga Puram currently show an average rental rate of ₹50 per sq ft as of September 2026. These rates have remained stable with 0% change, providing a predictable baseline for rental income expectations in these specific localities.
The micromarket rate in Shivaji Palem showed a slight upward movement earlier in the year, rising from ₹3,450 per sq ft in March 2026 to ₹3,500 per sq ft in June 2026. While the rate held at ₹3,550 per sq ft in December 2025, the recent fluctuations indicate a dynamic market environment. As of September 2026, the market continues to be monitored for further shifts in demand and supply.
