From a sleepy suburb to a realty hotspot, the metamorphosis of Medavakkam has been nothing short of remarkable. With property values along the OMR heading north, the area has emerged as a perfect alternative for the professionals who want to stay closer to their workplace. It wouldn’t be wrong to say that the realty market here is mainly cashing on its proximity to the IT corridor of the city, i.e. OMR.
Did You Know?
Although an urban area, Medavakkam is close to a reserved forest area.
Commute
Tambaram-Velachery Main Road is the major road passing right through the area. Apart from connecting it to several important locations, this road further extends to the ECR Link Road, which facilitates connectivity to the ECR. Though buses are the primary mode of public transport here, one can also catch trains from nearby Velachery MRTS Station. Soon, Medavakkam will have a metro station under the second phase of the Chennai Metro Rail Project.
Lifestyle
Medavakkam has several infra upgrades in the pipeline. A new flyover and a bypass are being constructed, which will improve the traffic situation here. Civic amenities here are at par with any good suburb of Chennai.
Eating Out
Having good eateries is a must in every good residential area, and Medavakkam is no exception. The area is dotted with several good eateries, cafes, and fast food centres like Aroma of Thalassery, The Banyan Cafe, Domino’s Pizza.
Top Projects
Schools/Educational Institutions
• Shamrock Shiksha Play School
• Saint Joseph Higher Secondary School
• Tatva Play School
• Christ the King Matriculation Higher Secondary School
• Sri Chaitanya Techno School
• Eva Stalin Business School Campus
Hospitals
• Radial Ortho Speciality Hospital
• Dr Kamakshi Memorial Hospital
• Global Hospital
• Gums and Teeth Dental
• Sidda Cancer Hospital
The Real Estate Market
Predominantly a residential area, one can find several gated communities here. While apartments in mid and upper mid-segment dominate the property spectrum here, one can also find few villas and independent houses. The average rate of property in Medavakkam is approximately Rs 6,217 per sq. ft.
What to Expect
Recently, Medavakkam has come under the Chennai Municipality Corporation. Therefore, the area will see more developments in terms of infrastructure and facilities. Going by the present real estate trend of the locality, buyers will see a steady price appreciation in the times to come.