Medavakkam is the prime localities in the city which is located in the south Chennai. Medavakkam property is observing a stable growth when it comes to residential sector. Several real estate professionals consider say that the plots in Medavakkam continue to dominate across the city as a center for residential growth.

A survey by Knight Frank India shows that plots for sale in Medavakkam can be deliberated as hotspots for residential investment and going onward, can acquire perceptible appreciation. There is a huge demand for properties that increased more number of Medavakkam plots for sale in the suburb. This area has become a hot spot owing to its self-sustainability and closeness to IT Parks as well as several manufacturing sites. Plots in Medavakkam is increased because of its ability of self-sustainability as well as its connectivity, the area is inherited as a residential town colony. Medavakkam real estate witnessed 20 % value appreciation from the past 2 years. The government has given CMDA authorization to increase residential plots on suburb. Cmda approved plot Medavakkam has increased due to these reasons.

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About Locality (Medavakkam)

Medavakkam, believe it or not, is touted as one of the top investment region in the Indian real estate market as of today. It is bound by the Velachery-Tambaram road and the Medavakkam-Shollinganallur Road. It is quickly and easily accessible to Chrompet, Pallavaram and St. Thomas mount stations.

You can offer your children with best education as Medavakkam offers good schools with CBSE and matriculation syllabus like the St. John’s public school. It is equal in par in offering collegiate education in Engineering, Arts and Physiotherapy courses. The Global health city, Kamakshi memorial hospital, Annai Therasa hospital are some of the nearby hospitals in this region that offer superior health services.

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The property market in areas like Pallikaranai, Medavakkam, Perumbakkam that are well-connected to IT/ ITeS office hubs on Old Mahabalipuram Road (OMR) are expected to see a rise in activity in the coming months.

Chennai: Knight Frank India’s India Real Estate (Residential and Office) report for January-June 2016 says that with improving social infrastructure, the aforementioned areas as well those located on the Pallavaram-Thoraipakkam stretch are set for increased investments.

According to the released recently report, the effects of a steadily improving office market, thanks to improving fundamentals in the IT/ITeS and manufacturing sectors, are bound to rub off on the residential market as well.

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The State Highways Department has expedited land acquisition process for the construction of a flyover at the Medavakkam intersection to ease congestion there.

Shop owners and residents have started demolishing buildings on their own to retrieve as many as items as possible, including steel and woodwork. The department too has begun bringing down structures in the areas.

According to officials, notices were issued to property owners long before the project was announced in 2012. The flyover would come up at the intersection of Velachery Main Road and Perumbakkam Main Road. It is estimated to cost around Rs. 145 crore, officials said.

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