Property Rates in Vizag Central, Vizag

Property prices in Vizag Central have experienced a downward trend over the past year. From a high of ₹6,113 per sq ft in September 2025, the average asking price decreased to ₹5,448 per sq ft by December 2025, and further down to ₹3,673 per sq ft as of March 2026. This trajectory suggests a cooling market, with prices depreciating significantly over these periods.

As of March 2026, the average asking price in Vizag Central is ₹3,673 per sq ft, which is lower than the city's average asking price of ₹4,243 per sq ft for the same period. This indicates that Vizag Central is currently priced below the broader city average, a trend that has persisted from December 2025 when Vizag Central was priced at ₹5,448 per sq ft against the city's ₹4,829 per sq ft.

As of March 2026, apartments in Vizag Central have an average price of ₹3,673 per sq ft, which has depreciated by 32.58% from the previous period. Villas, on the other hand, command a higher average price of ₹6,331 per sq ft, showing a significant appreciation of 19.72% over the same timeframe, highlighting a divergence in pricing trends between these two property types.

Property prices vary significantly across neighbourhoods in Vizag Central. Seethammadhara leads with the highest average rate at ₹9,567 per sq ft, followed closely by Kirlampudi Layout at ₹8,343 per sq ft, and Lawsons Bay Colony at ₹7,933 per sq ft. In contrast, areas like Kancharapalem are priced more affordably, with an average rate of ₹6,210 per sq ft, and Madhavadhara at ₹6,400 per sq ft, indicating a wide range of property values within the micromarket.

As of March 2026, Ready To Move properties in Vizag Central are priced at an average of ₹4,910 per sq ft, reflecting a depreciation of 19.84% from the previous period. Under Construction properties are priced higher at ₹5,833 per sq ft, showing a modest appreciation of 2.91%. Partially Ready To Move properties are priced at ₹3,156 per sq ft, a decrease of 4.65%.

As of March 2026, Daspalla Gangapur Royal Palace in the East Point Colony locality of Vizag Central has the highest listing rate at ₹11,478 per sq ft. This is followed by Manchukonda Pride in Chinna Waltair at ₹11,224 per sq ft. Lansum Oxygen Towers in Seethammadhara is also notable, with a current rate of ₹8,500 per sq ft, though it has seen a depreciation of 30.38%.

The average rental rate in Vizag Central is ₹16 per sq ft as of March 2026, with no reported change from the previous period. The rental yield for the area is calculated at 5.23%. This yield suggests that investors can expect a moderate return on their property investment through rental income relative to the capital value of properties in Vizag Central.

For a 3 BHK apartment in Vizag Central, the average rental rate is ₹38,813 per month as of March 2026. This figure represents rental rates for residential apartments within the micromarket, providing a benchmark for tenants seeking larger accommodation and for landlords assessing rental income potential.

Rental rates in Vizag Central show variation across localities, with Paanduranga Puram offering the highest average rental rate at ₹17 per sq ft as of March 2026, with no change reported. Lawsons Bay Colony follows with an average rental rate of ₹15 per sq ft, also showing no change. These figures indicate that while overall rental rates are stable, certain prime localities command a slight premium.

As of March 2026, MK Royale in Paanduranga Puram leads in rental rates within Vizag Central at ₹17 per sq ft, with no change reported. Kalyan Villa, also in Paanduranga Puram, follows at ₹16 per sq ft. MVV Gardens in Lawsons Bay Colony is listed at ₹15 per sq ft, and Madhuri Palace in the same locality is at ₹14 per sq ft, indicating these projects are among the most sought-after for renters.

As of March 2026, the average rental rate for apartments in Vizag Central is ₹16 per sq ft, with no change reported from the previous period. This stability in apartment rental rates suggests a consistent demand for apartment living within the micromarket.

As of March 2026, apartments in Vizag Central are priced at an average of ₹3,673 per sq ft, a decrease of 32.58% from the previous period. In contrast, villas are priced significantly higher at ₹6,331 per sq ft, with a notable appreciation of 19.72%. This price disparity suggests that apartments offer a more affordable entry point for buyers, while villas represent a premium segment with appreciating values.

The substantial drop in the average asking price in Vizag Central from ₹5,448 per sq ft in December 2025 to ₹3,673 per sq ft in March 2026, a depreciation of 32.58%, signals a significant market correction or a period of increased supply relative to demand. This downward trend could present buying opportunities for price-sensitive consumers or indicate a cooling investment climate.