Medavakkam Real Estate Growth and Potential: Connectivity, Amenities, & Infrastructure

Medavakkam is one of the prime residential areas in Chennai, located in the southern suburbs of Chennai. Medavakkam real estate is booming as it is one of the popular commercial and residential hubs in Chennai. It is located in closer proximity to key IT corridors located in OMR and Sholinganallur, making it the best emerging residential destination for professionals working in the IT sector. The residential real estate market in Medavakkam offers a wide range of apartments, luxurious villas, and plots for sale within your budget. All these factors make it an ideal location for investors and home-buyers to invest in residential real estate in this locality.     

Seamless Connectivity in Medavakkam

Medavakkam, a popular locality in Chennai known for its seamless commuting, increases the demand for residential housing in that area. It has well-maintained significant roads like Medavakkam Main Road, Velahery-Tambaram Road, and Medavakkam Koot Road, which enhance the locality’s connectivity to other parts of the city. This excellent road infrastructure not only ensures reduced traffic congestion but also allows easy access to all the essential amenities like schools, colleges, hospitals, entertainment, markets, and more, improving the quality of life for people residing in the locality.

Moreover, the upcoming development of Metro Phase 2 Corridor 5, Madhavaram-Sholinganallur Extension in the Red Line is said to have a dedicated metro station in Medavakkam Koot Road and Medavakkam Junction, which will further improve its connectivity to other parts of the city.

Bus Stops Near Medavakkam

• Medavakkam Bus Depot
• Medavakakm Koot Road Bus Depot
• Medavakkam Junction Bus Stop
• Oil Mill Bus Stop
• Puthu Koil Bus Stop
• Santhosapuram Bus Stop
• Ranganatha Puram Bus Stop

Railway and Metro Stations Near Medavakkam

• Medavakkam Junction    
• Velachery Railway Station
• Perungudi Railway Station
• Velachery MRTS Railway Station
• Thomas Mount Metro Station

 Social Infrastructure and Development Impact on Medavakkam Real Estate

Top Schools in Medavakkam

Some of the best schools that offer world-class education in Medavakkam are,

• John’s Public School
• Alpha International School
• Narayana E Techno School
• NPS International School
• Sri Chaitanya Techno School

Top Colleges in Medavakkam

The best colleges in Medavakkam which offer excellent education in various sectors are,

• Jerusalem College of Engineering
• Sree Balaji Dental College & Hospital
• SIVET College
• Asan Memorial College of Arts and Science
• The Quaide Milleth College for Men

Top Hospitals in Medavakkam

Here’s a list of the best hospitals in Medavakkam that cater to the needs of every individual.

• Kamakshi Multispeciality Clinic
• Annai Theresa Hospitals Pvt Ltd
• Arun Hospital
• Karunya Hospital
• NewGen Multi-Speciality Hospital

Top Supermarkets in Medavakkam

Some of the top supermarkets and grocery stores in Medavakkam are

• Latha Super Bazaar Medavakkam
• Nilgiris Supermarket Medavakkam
• Kurinji Super Market
• Reliance Fresh Medavakkam
• V Supermart

Medavakkam Real Estate Growth and Investment Potential

In the recent years, Medavakkam has become one of the most prominent destinations for real estate investments in Chennai. This is predominantly due to its well-developed infrastructure, strategic location, and excellent connectivity. The development and establishment of various IT hubs in and around this locality also impact the real estate trends in this area as it increases the demand for residential housing.

Medavakkam offers a wide range of residential housing options, ranging from budget-friendly apartments to luxury villas catering to the needs of all people. This makes it a suitable place for families and professionals to find houses within their budget with better connectivity. In addition to this, new and upcoming plans like metro phase expansion, light rail projects, road expansion, and improved public amenities will make Medavakkam a desirable residential location.

Furthermore, Medavakkam offers promising returns due to its steady appreciation rates and rental yields. According to our data, the property prices in Medavakkam have seen an increase of 5.6% over the past year and 22.5% over the past 10 years. The neighborhood’s proximity to educational institutions, healthcare facilities, and commercial establishments further enhances its rental and investment potential, attracting tenants and home-buyers from various walks of life.

Thus,  Medavakkam presents lifetime opportunities for real estate investors seeking long-term capital appreciation. Some of the other residential areas near Medavakkam with high investment potential are Sholinganallur, Velachery, Perumbakkam, Keelkattalai, Madipakkam, Selaiyur, Kovilambakkam, Pallikaranai, and Tambaram.

Medavakkam Real Estate: Top Projects & Builders

Some of the top projects in Medavakkam by top builders with tentative pricing are listed,