Property Rates in Vizag Central, Vizag 2026

Property prices in Vizag Central have shown a downward trajectory over the past year. Data from September 2025 showed rates at ₹6,100 per sq ft, which moved to ₹5,450 per sq ft in December 2025, and further to ₹3,650 per sq ft by March 2026. This consistent decline suggests a softening of demand or an increase in supply availability, providing a different entry point for buyers compared to the market conditions seen in late 2025.

There is a notable price divergence between property types in Vizag Central as of June 2026. While apartments are currently priced at an average of ₹3,650 per sq ft, having depreciated by 32.58% over the observed period, villas command a premium at ₹6,350 per sq ft. Notably, villa pricing has shown strong resilience, appreciating by 19.72% over the same timeframe, which may signal a shift in preference toward independent housing units among premium buyers.

As of June 2026, Under Construction projects in Vizag Central are priced at an average of ₹5,850 per sq ft, having appreciated by 2.91% compared to previous periods. In contrast, Ready To Move properties are available at an average of ₹4,900 per sq ft, which reflects a depreciation of 19.84% over the same period. This price gap suggests that newer, under-construction inventory is currently maintaining higher valuation levels compared to the existing ready-to-move stock.

The premium segment in Vizag Central is led by projects such as Daspalla Gangapur Royal Palace in East Point Colony and Manchukonda Pride in Chinna Waltair, which command listing rates of ₹11,500 per sq ft and ₹11,200 per sq ft, respectively, as of June 2026. Other notable high-value projects include Lansum Oxygen Towers in Seethammadhara at ₹8,500 per sq ft, which has seen a depreciation of 30.38% compared to its previous pricing. These projects represent the upper tier of the market, often offering superior amenities and strategic locations.

As of June 2026, the average rental rate in Vizag Central stands at ₹16 per sq ft, with rental rates remaining stable at a 0% change over the observed period. The area currently offers a rental yield of 5.26%. For investors, this yield provides a benchmark for the annual income potential relative to the capital investment required for residential apartments in the micromarket.

Rental rates vary significantly across the micromarkets within Vizag Central, with areas like Paanduranga Puram and Lawsons Bay Colony both commanding an average rental rate of ₹50 per sq ft as of June 2026. These rates have remained stable with a 0% change over the observed period. This premium rental pricing in these specific localities highlights their desirability for tenants compared to the broader micromarket average of ₹16 per sq ft.

Top projects for renters in Vizag Central, such as MK Royale and Kalyan Villa in Paanduranga Puram, offer current rental rates of ₹17 per sq ft and ₹16 per sq ft respectively, as of June 2026. Other prominent projects like MVV Gardens and Madhuri Palace in Lawsons Bay Colony command rates of ₹15 per sq ft and ₹14 per sq ft. All these projects maintain an overall average rental rate of ₹50 per sq ft in their respective localities, with rental rates holding steady at 0% change over the measured period.

As of June 2026, a 3 BHK apartment in Vizag Central commands an average monthly rent of ₹38,800. This data point is essential for tenants planning their budget and for landlords looking to benchmark their rental income against the current market standard for larger family-sized units in the area.

Investors should view the current price trends in Vizag Central as a period of market adjustment. With the average apartment price at ₹3,650 per sq ft as of June 2026—following a 32.58% depreciation—the market is currently offering lower entry costs than in late 2025. When combined with a rental yield of 5.26%, the area may present value-buying opportunities for those looking to capitalize on lower capital outlays while maintaining steady rental income potential.