Commonly referred to as an out-of-city neighbourhood in Chennai, Madhavaram is one of the oldest settlements in the city. Nestled between Kodungaiyur and Perambur, it enjoys proximity to ESPEE IT Park, Bristol IT Park, and Tamil Nadu Industrial Investment Corp. Ltd.
Did You Know?
Madhavaram is one of the most well-kept and clean areas in Chennai. There are lush green trees on either side of the road, and there is a 28-acre ornamental (botanical) garden.
Commute
Madhavaram is well-connected to Anna Nagar, MKB Nagar, Perambur, and Kolathur. The MTC bus services are abundant, and there are also railways stations nearby. The Madhavaram Bus Terminus was opened recently by Chennai Metropolitan Development Authority (CMDA). The metro rail project is also on the anvil.
Lifestyle
There are many entertainment and shopping centres in Anna Nagar, which is at a short distance from Madhavaram. Within 11km, you can reach the beautiful beach of Chennai. There are local parks and gardens which provides relief from the concrete spaces. Madhavaram is also famous for worship places like Vishnu Temple and Sivan Temple.
Eating Out
Eating out is never an issue in Madhavaram. From fast food to different cuisines, there are several popular joints. Coco Jaunt 1728, Pantry D’Or, Bikes & Burgers, and Street Kitchen are some of the popular choices.
Top Projects
Schools/Educational Institutions
- Don Bosco Matric Higher Secondary School
- Velammal New Gen-School
- Sri Chaitanya Techno School
- Greenfield Chennai International School
- St. Ann’s Girls School
- Tamilnadu Veterinary and Animal Sciences University
Hospitals
- KM Hospital
- St. Anthony’s Hospital
- Srikumaran Health Center
The Real Estate Market
If you are looking for real estate investment on a slightly lower budget, then Madhavaram is an excellent choice. In terms of property type, it offers apartments and plots. Some of the known developers in the area include Navin’s, RC Builders, Sri Durga Foundations, and Roshikka Construction, among others. The ongoing property values are in the range of Rs 4,140 – 6,300 per sq. ft.
What to Expect
Over the last few years, Madhavaram has recorded consistent growth in property values. With ample availability of land parcels and robust social infrastructure, the trend is likely to continue in the times to come.