Vizag South Property Rates — ₹3,450/sq ft (-2.46%)

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Property Rates in Vizag
Property Rates in Vizag South

Property rates in Vizag South average ₹3,450 per sq ft. The market has seen fluctuating trends recently, with prices adjusting from earlier peaks. Kurmannapalem remains a key area for residential buyers, currently averaging ₹3,550 per sq ft. Meanwhile, the region features a mix of ready-to-move and new launch projects, offering diverse opportunities for those looking to invest in apartments or villa-style living within this evolving coastal real estate landscape.

Insights

Insights for Vizag South, Vizag Real Estate Market Overview

Vizag South presents a dynamic real estate environment characterized by varied price points across its primary localities. While the overall market has experienced some quarterly price adjustments, established neighborhoods like Kurmannapalem and Gajuwaka continue to attract consistent interest from homebuyers. Residential demand is largely focused on apartments, with both ready-to-move units and fresh project launches shaping the current supply. Investors are closely watching these trends to identify value in an area that balances affordability with proximity to key industrial hubs.

Kurmannapalem leads local interest with an average rate of ₹3,550 per sq ft, reflecting a positive growth of 1.05%.
Gajuwaka residential apartments are currently priced at ₹3,900 per sq ft, despite a quarterly adjustment of -5.93%.
Atchutapuram provides a more accessible entry point for investors, averaging ₹2,900 per sq ft with a slight increase of 0.21%.
Ready-to-move projects remain the most abundant, with 11 units available at an average price of ₹3,300 per sq ft.
Premium residential options, such as Navadeep Classic, reach price points of ₹4,550 per sq ft, highlighting the luxury segment.

Market Strengths

The region maintains a diverse supply mix, catering to both budget-conscious buyers and those seeking premium villas.
Kurmannapalem exhibits consistent performance with a growth of 1.05% in average property rates.
Atchutapuram remains highly affordable at ₹2,900 per sq ft, supporting broad market accessibility.
New launch activity continues with a growth of 0.39%, signaling ongoing developer confidence in the area.
A significant inventory of 11 ready-to-move units provides immediate options for homebuyers.

Market Challenges

Gajuwaka has seen a price adjustment of -5.93%, suggesting a period of market cooling in that specific locality.
The villa segment has experienced a decline of -4.55%, indicating reduced demand for high-ticket luxury units.
Ready-to-move projects have seen an adjustment of -8.83%, which may impact short-term resale value for recent buyers.

Investment Opportunities

Atchutapuram offers a low-entry price point of ₹2,900 per sq ft, ideal for long-term capital appreciation.
Kurmannapalem shows positive growth of 1.05%, making it a stable choice for residential investment.
New launch projects at ₹3,400 per sq ft provide an opportunity to secure property at competitive current market rates.
Mid-stage projects priced at ₹3,200 per sq ft offer a balance between development risk and entry cost.

Top Localities in Vizag South, Vizag

Thagarapuvalasa

Avg Price ₹ 3,400 /sqft

LISTINGS 8

Maharani Peta

Avg Price ₹ 6,850 /sqft

LISTINGS 1

Price Trend

Vizag South, Vizag Property Price Trends and Appreciation

The market in Vizag South has navigated a period of price correction, moving from a peak of ₹4,050 per sq ft in September 2025 to the current average of ₹3,450 per sq ft. This trend contrasts with the broader city of Vizag, which has also seen adjustments in its average rates. These fluctuations highlight the shifting balance between supply and buyer demand in the current quarter.

Asking Price Trends

₹ 3,450/sq.ft. -2.46 % QoQ

Jun 2025 — Mar 2026

Quarter	City Rate
Mar 2026	3450
Dec 2025	3550
Sep 2025	4050
Jun 2025	3550

About Asking Price Trends

Vizag South Property Price Comparison

By Localities
By Property Type
By Property Status

Location	Rate (₹/sq.ft)	Change %
Gajuwaka	3,900	-5.9
Kurmannapalem	3,550	1.1
Atchutapuram	2,900	0.2

Localities within Vizag South offer varied pricing tiers to suit different investment goals. Gajuwaka commands the highest average rate in the region at ₹3,900 per sq ft, despite a recent -5.93% change. Kurmannapalem stands at ₹3,550 per sq ft, reflecting a stable growth of 1.05%. Meanwhile, Atchutapuram remains the most budget-friendly option, averaging ₹2,900 per sq ft and showing resilient growth of 0.21%.

Type	Rate (₹/sq.ft)	Change %
Villa	5,350	-4.5
Apartment	3,450	-2.5

Vizag South's real estate market caters to diverse buyer preferences across property categories. Villas represent the premium segment at ₹5,350 per sq ft, experiencing a change of -4.55%. Residential apartments are more widely available, priced at ₹3,450 per sq ft with a performance change of -2.46%.

Status	No of Project	Rate (₹/sq.ft)	Change %
Ready To Move	11	3,300	-8.8
Under Construction	-	-	-
New Launch	1	3,400	0.4

The Vizag South market offers properties across various development stages, catering to different buyer timelines. Ready To Move inventory, comprising 11 units, averages ₹3,300 per sq ft, appealing to immediate occupancy seekers. New launch projects are priced at ₹3,400 per sq ft with a growth of 0.39%, while mid-stage projects offer opportunities at ₹3,200 per sq ft.

Project & Developer Insights

Top Residential Projects and Developers in Vizag South

Legend Estates

1 Projects
21 Years

Prajay Engineers ₹ 75.15 L - ₹ 1.08 Cr

1 Projects
25 Years

MVV Builders ₹ 67.52 L - ₹ 1.44 Cr

37 Projects

Vinayagar Promoters and Builders ₹ 88 L - ₹ 1.72 Cr

27 Projects

Vishwanadh Avenues Private Limited ₹ 36.27 L - ₹ 2.73 Cr

16 Projects

Vaisakhi Construction ₹ 76.95 L - ₹ 2.47 Cr

12 Projects

Chilukuri Housing Projects Pvt Ltd ₹ 36.45 L - ₹ 54.9 L

6 Projects

Sardar ₹ 25.25 L - ₹ 30.94 L

5 Projects

Burugupalli Infrastructures ₹ 55.5 L - ₹ 55.5 L

5 Projects

Sri Vaibhav Sai Homes ₹ 25.28 L - ₹ 49.35 L

4 Projects

Top Projects by Listing Rates

Listing Rate

Project Name	Rate (₹/sq.ft)	Change %
Navadeep Classic, Kurmannapalem	4,550	-
Abhiram Nirman Touchstone Towers, Kurmannapalem	4,250	-
Srirama Elite, Atchutapuram	4,000	-
Srirama Empire, Atchutapuram	3,800	-
Srirama Manor, Atchutapuram	3,800	-
Sri Nivasam Apartments, Gajuwaka	3,600	1.8
Bvl Aakansha, Gajuwaka	3,500	-
Lakshmi Ocean Greens, Kurmannapalem	3,500	-3.9
Novus Florence Village Phase 2, Gajuwaka	3,500	-4.9
Bv Arcade, Gajuwaka	3,400	-4.8

Premium residential developments in Vizag South are setting high benchmarks, reflecting their strategic locations. Leading the segment, Navadeep Classic in Kurmannapalem is priced at ₹4,550 per sq ft, while Abhiram Nirman Touchstone Towers follows at ₹4,250 per sq ft. Other notable developments like Srirama Elite and Srirama Empire in Atchutapuram are priced at ₹4,000 and ₹3,800 per sq ft respectively, offering varied choices for discerning buyers.

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 38,600 /sq.ft

Govt Registration Rate ₹ 18,350 /sq.ft

Navi Mumbai

Avg. Asking Price ₹ 19,300 /sq.ft

Govt Registration Rate ₹ 13,950 /sq.ft

Delhi

Avg. Asking Price ₹ 18,350 /sq.ft

Thane

Avg. Asking Price ₹ 15,350 /sq.ft

Govt Registration Rate ₹ 9,500 /sq.ft

Gurgaon

Avg. Asking Price ₹ 14,850 /sq.ft

Pune

Avg. Asking Price ₹ 12,950 /sq.ft

Govt Registration Rate ₹ 8,750 /sq.ft

Bangalore

Avg. Asking Price ₹ 12,100 /sq.ft

Govt Registration Rate ₹ 5,900 /sq.ft

Noida

Avg. Asking Price ₹ 11,750 /sq.ft

Govt Registration Rate ₹ 8,900 /sq.ft

Hyderabad

Avg. Asking Price ₹ 9,300 /sq.ft

Govt Registration Rate ₹ 3,700 /sq.ft

Chennai

Avg. Asking Price ₹ 7,900 /sq.ft

Micromarket-Wise Property Price Trends Around Vizag South, Vizag

Vizag North

Avg. Asking Price ₹ 5,050 /sq.ft

Vizag Central

Avg. Asking Price ₹ 3,650 /sq.ft

More insights about Vizag South, Vizag

Vizag South, Vizag Overview

FAQ

Frequently Asked Questions About Property Rates in Vizag South, Vizag

What is the current average asking price in Vizag South?

As of March 2026, the average asking price in Vizag South is ₹3,450 per sq ft. This figure reflects a depreciation of 2.46% compared to the previous period, indicating a slight market correction in the current quarter.

How have property rates in Vizag South trended over the recent quarters?

Property rates in Vizag South have shown a mixed trajectory, moving from ₹3,550 per sq ft in June 2025 to a peak of ₹4,050 per sq ft in September 2025, before adjusting to ₹3,450 per sq ft as of March 2026. This recent downward trend compared to the September 2025 high suggests a period of price stabilization, which may offer more competitive entry points for prospective homebuyers compared to the peak seen in late 2025.

How do property rates compare across different neighbourhoods in Vizag South?

Property rates vary significantly across the region, with Gajuwaka currently averaging ₹3,900 per sq ft, which has seen a depreciation of 5.93% compared to the prior period. In contrast, Kurmannapalem holds an average asking price of ₹3,550 per sq ft, reflecting an appreciation of 1.05%, while Atchutapuram remains the most accessible area with an average asking price of ₹2,900 per sq ft, showing a marginal appreciation of 0.21%.

What is the price difference between apartments and villas in Vizag South?

As of March 2026, villas in Vizag South command a premium with an average price of ₹5,350 per sq ft, though this segment has experienced a depreciation of 4.55% compared to the previous period. Apartments are more affordably priced at an average of ₹3,450 per sq ft, which has also seen a depreciation of 2.46% over the same timeframe, making them a more accessible option for a broader range of buyers.

How does the status of a project affect property prices in Vizag South?

Property prices in Vizag South are influenced by project status, with Ready To Move projects averaging ₹3,300 per sq ft as of March 2026, marking a depreciation of 8.83% from the previous period. Advanced Stage projects are currently priced at ₹4,550 per sq ft with stable pricing, while Mid Stage projects average ₹3,200 per sq ft, reflecting a slight depreciation of 0.36%. New Launch projects are positioned at ₹3,400 per sq ft, showing a modest appreciation of 0.39%.

Which are the most premium projects in Vizag South based on listing rates?

The most premium projects in Vizag South as of March 2026 include Navadeep Classic in Kurmannapalem at ₹4,550 per sq ft and Abhiram Nirman Touchstone Towers, also in Kurmannapalem, at ₹4,250 per sq ft. Both projects have maintained stable pricing with no percentage change recorded. Other notable high-value projects include Srirama Elite in Atchutapuram at ₹4,000 per sq ft, which also shows price stability.

How should a buyer interpret the current price trends in Vizag South?

A buyer should view the current average asking price of ₹3,450 per sq ft as of March 2026 as a sign of a cooling market, especially given the 2.46% depreciation. The availability of Ready To Move inventory at ₹3,300 per sq ft suggests that end-users looking for immediate possession may find favorable negotiation conditions. It is advisable to compare these locality-specific rates against the broader city average of ₹4,250 per sq ft to gauge the relative value of the micromarket.