Apartments for sale in Medavakkam, Chennai

Medavakkam is located in the southern parts of Chennai, alongside the IT corridor. Some of the significant landmarks in Medavakkam include Medavakkam Koot Road, Medavakkam Lake, and Medavakkam High Road. It is also well connected to other parts of the city due to its excellent connectivity. It offers a lifestyle with a mix of suburban and urban culture. It also has several tourist attractions, like Sivan Temple (1.9 km), and more. It is also significant to consider that the cost of living in Medavakkam is lower when compared to other localities in Chennai. This area also has a lower population density, good infrastructure, and necessary amenities, which makes it the best choice for real estate investment. 

Insights Into Residential Real Estate Trends in Medavakkam

The approximate cost of buying an apartment in Medavakkam, Chennai, ranges from 35 to 60 lakh. In recent years, this area has experienced fast development, with the construction of numerous new residential and commercial buildings. As a result of this expansion, the real estate market in this area is constantly thriving. 

As per our available data, the property value of flats in Medavakkam has increased by 5.6% in the last year, 14.9% in the last 3 years, 19.1% in the last 5 years, 22.5% in the last 7 years, and 22.5% in the last 10 years. There are over 2028+ newly constructed residential apartments for sale in Medavakkam. However, it is essential to note that Medavakkam's real estate values will probably rise over the next several years due to its closeness to important job centers. 

The upcoming developments in Medavakkam that impact real estate trends are: the upcoming Chennai Metro Corridor 5 Phase 2 will connect Medavakkam to Madhavaram and Sholinganallur; the first Light Rail project connecting Velachery with Tambaram will have a dedicated stop at Medavakkam, promoting better connectivity; and the upcoming Tambaram Eastern Bypass from Rajakilpakkam to Peerkankaranai on the GST is located 8 km from Medavakkam. 

Key Features in Medavakkam 

• It is easy to access IT hubs located in Thoraipakkam, Perungudi, Sholinganallur, and Taramani, located 9 km, 12 km, 6 km, and 11 km, respectively.
• The nearest railway station to Medavakkam is VelacheryRailway Station, located within a radius of 8 km. 
• Chennai International Airport, located 12 km from Medavakkam, is easy to access via Medavakkam Main Road.
• It has better connectivity to Navalur, Padur, and Adyar due to its proximity to OMR.
• This area has a lush green environment due to the adjoining Nanmangalam Reserved Forest and abundant lakes.
• It is a convenient location for both people and businesses because of the area's excellent road and rail connectivity to other parts of the city.
• A few popular schools and healthcare facilities in this locality are St. Joseph School(1.2 km), Sacred Heart School (3 km), Annai Theresa Hospitals Pvt. Ltd., (850 m), and Gleneagles Global Health City (3.9 km). 
• Medavakkam Main Road is well connected to other significant roads like Medavakkam-Siruseri IT Expressway and Medavakkam-Kelambakkam Roadwhich enhanced connectivity. 
• It is easy to access Sholinganallur(6 km), Tambaram (10.6 km), Siruseri IT Park (14.7 km), and Velachery (8.7 km) via Medavakkam-Sholinganallur Road. 
• Some of the top builders in Medavakkam are Casagrand Builder Private Limited, DAC Developers, The Nest Builders, South Land Developers LLP, and Shree Aishwaryam Homes.