Real Estate Spotlight on MedavakkamMedavakkam, Chennai

As Chennai’s Central Business District gets congested and exorbitantly priced, the

population of the city moves to greener pastures where prices are competitive and

explosive growth prospects are high yet there is no dearth of urban amenities. Not too long

ago, properties in the Central Business District(CBD) of the city were the only ones in focus

but as the CBD became characterized by lack of space and exorbitant prices, Real Estate

builders and investors in Chennai alike shifted focus to suburban regions. With steep

increase in demand, land pockets started declining and construction rates grew higher in

the CBD regions. However, as supply and demand started playing their consistently

expanding hands in the city, even the suburbs have started observing high prices.

Medavakkam is one such beautiful locality on the outskirts of Chennai! Medavakkam is

located in southern Chennai and is in close proximity to the city’s most important

destinations. Several reports including realty consultant Knight Frank's have addressed

Medavakkam as one of the 15 most happening regions across India to observe exponential

Real Estate appreciation. Medavakkam belongs to the 13 most happening places in India, a

coveted list that also names the significant areas of Mumbai.

Highlights at Medavakkam

Medavakkam enjoys wide roads, connectivity to the present and upcoming significant

business destinations of Chennai such as Velachery, Tambaram, Sholinganallur, and also in

close vicinity to the IT hub of the city, OMR, and of course, the international airport. The

region is inundated with posh business class hotels, commercial centers, ample recreation

facilities to please everyone in a family, modern international schools, fully equipped and

state-of-the-art hospitals and numerous employment opportunities, a comfortable haven

for living and working.

Schools

The region has a plethora of premium educational institutions.

✗ PSBB Millennium School

✗ Hiranandani Upscale School

✗ Kendriya Vidyalaya

✗ St. Pauls Matriculation School

✗ BVM Global and

✗ Padman Matriculation School

are some of the renowned schools in Medavakkam.

Colleges

✗ Prince Sri Venkateshwara Padamavathi Engineering College and

✗ Asan Memorial College of Arts and Science

are two of the popular colleges at Medavakkam.

Hospitals

The well equipped modern hospitals include

✗ Karunya Hospital

✗ Global Health City

✗ Kamakshi Memorial Hospital and

✗ Ainthiram Siddha Hospital

Infrastructure

Face value of properties in Medavakkam are

further enhanced by exceptional infrastructural

development such as

the Chennai Mass Rapid Transit System(MRTS), Grand Southern Trunk(GST) road

connectivity and other road development projects. The

much awaited Metro Rail project is also an important

factor that influences a major part of the Real Estate

progress. And added to all the infrastructural

development Chennai has been making, the Chennai

Metropolitan Development Authority(CMDA) project to

create Outer Ring Road helps to bring down traffic

congestion particularly between Medavakkam and

Sholinganallur. No wonder, the land prices here

increases by the day.

Residential projects

Located in southern part of Chennai, Medavakkam is now witnessing an upsurge in the

number of residential as well as the commercial Real Estate projects. It wouldn’t be too

long before Medavakkam assumes the significance that CBD currently enjoys or perhaps

even more. Standing testimony to this expected growth are the numerous villas and luxury

apartments in Medavakkam that are on the phase of completion in this part of the city. The

apartments are designed with global outlook, competitive and rarely in sync, but mostly

exceeding customer expectations The number of apartments for sale in Medavakkam that

has emerged in the past few years is a whopping number when compared to what it was

not too long ago. Investing on apartments in Medavakkam has to be the right investment

choice for the future, ensures exponential rate of appreciation. Rental prospects too seems

to be high for the apartments in Medavakkam. Real estate investors of Medavakkam are

today sitting on huge returns and can expect bigger returns in the future.

The apartments for sale in Medavakkam are in abundance, but it is important to determine

the one that best suits an investor’s requirements and budget. Some amount of primary

and secondary research will help to make a wise choice. However, there can be no

compromise on the quality of construction and maintenance of the property in order to

realize long term exponential appreciation. Favorable location, quality of construction,

upkeep and maintenance of the project, rate of return expected and price, endorse smart

property buying in Medavakkam.

Real Estate Builders

Premium Real Estate builders across the world have ventured into this territory for creating

modern living spaces that conform to customer demands and requirements. In the next half

decade, Medavakkam is expected to outperform all other hubs of the country since Real

Estate appreciation is anticipated to cross 90 percent. The Real Estate builders in

Medavakkam have been creating state-of-the-art residential and commercial spaces here to

gear up for the proposed boom.

The economy of Chennai is moving towards the zenith and balanced development in all

regions is a positive sign. Real Estate is no stranger in this era of development and is

perhaps one of the topmost reasons that have contributed to the developments in the city.

Medavakkam has all the right reasons for observing colossal developments including its

strategic location in the city.