Medavakkam – one of the top real estate

Medavakkam – One of the Top Real Estate Markets in Chennai

Medavakkam, a once sleepy suburb is now a perky locality in Chennai. This locality is now one among the top realty markets in Chennai and is

expected to outscore other prominent residential areas of the city in terms of property appreciation in the coming 5 years.

In fact according to a latest report by global real estate consultant Knight and Frank, Medavakkam has emerged to become the sixth biggest destination for residential investment in the country.

The importance and tremendous rise of Medavakkam in the country’s realty market can be contributed to a number of reasons.

Medavakkam is well connected to its neighbouring suburbs like Velachery, Madipakkam, Selaiyur, OMR, Sholinganallur, Tambaram and Keelkattalai

It a junction that links with prominent roads of the city like Medavakkam-Mambakkam Main Road, Velachery-Tambaram Road and Medavakkam-Sholinganallur Road.

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Its proximity with OMR’s IT corridor, Tambaram Station and Chennai Airport are other reasons that add considerable value to the realty projects located in this region.

In addition to this, Medavakkam boasts of first-rate physical and social infrastructure.

Wide interior roads, the Velachery MRTS station and connectivity with the above said roads including GST Road are other factors that drive real estate demand in this part of the city.

Besides these, the planned monorail project and the proposed CMDA plan to develop an ORR to reduce traffic congestion on Medavakkam-Sholinganallur Road are other infrastructural plans that are expected to hike property prices in Medavakkam in the coming years.

If these factors are not all, then Medavakkam offers the best educational institutions like St. John Public School, Kendriya Vidyalaya, Sigma Matriculation School, BVM Global, Sri Venkateshwara Padmavathi Engineering College, Bharani Swathi College of Arts and Science and Prince Dr K. Vasudevan College of Engineering and Technology among others.



Presence of hospitals, places of worship, banks and ATMs, parks, entertainment and shopping facilities in the vicinity are other advantages of residing in this locality.

Seeing the great connectivity and present and proposed infrastructural plans and developments, big realty players like Indiabulls Real Estate, Raj Real Estates, Annai Engineering Builders, Divyashree Group etc., have made their presence felt in this area.

According to data, Medavakkam has witnessed the launch of over 5,700 residential units since the last six years, out of which around 4,150 have been already absorbed.

In addition to these, a number of residential projects have also been launched recently, with some prominent ones being SRM Blossom, Pearl Springs, Pearl Pine, Indiabulls Green, Ruby Elite, Pearl Akriti, Ruby Elite, Vasavi Majestica Phase I and Navins Springfield among others.

For people looking to invest, Medavakkam offers a plethora of choices in terms of residential investment.



Multi-storey apartments, builder apartments, gated communities, residential houses and residential plots are all available here.

The average property rates for a multi-storey apartment flat and that for a builder floor apartment is Rs. 4,218 per sq. ft. and Rs. 4,414 per sq. ft. respectively.

Likewise for people looking to invest in a residential house, the average property rate is Rs. 5,118 per sq. ft. and that for a residential plot is Rs. 23,075 per sq. yard.

The property rates in this fast growing and safe locality have been on the upswing for the last two years now.

With a number of infrastructure actions on the pipeline, property experts anticipate the maximum price appreciation in the coming 3 years.

Expectations of high ROI and price appreciation and availability of good social infrastructure facilities make Medavakkam one of the emerging places for middle income group and investors to invest in this buzzing Chennai locality.

