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Madhavaram with is allure and charm has become one of the prominent and emerging destinations for real estate in Chennai. This is an ideal destination for people looking to invest in plots, villas, or apartments in Chennai. This neighborhood has a blend of seamless connectivity with promising infrastructure with all the essential amenities. This neighborhood is also set to undergo various transformations which can alter its real estate dynamics.
Why Invest in Madhavaram?
Flawless and Smooth Connectivity
Because of its advantageous position, Madhavaram has easy access to important places like Anna Nagar, Kolathur, and Ambattur. Furthermore, Madhavaram’s proximity to the Grand Northern Trunk Road and the Chennai Bypass guarantees easy access to the city’s numerous areas as well as nearby states.
Excellent road networks and a well-established public transit system make it simple for locals to get to educational institutes, medical facilities, retail establishments, and entertainment venues. Additionally, Madhavaram’s close proximity to important roads and train terminals facilitates easy transportation, saving time and energy. Furthermore, transportation will be considerably simpler when the Metro Rail project is finished.
Highly Affordable Housing Options
Madhavaram offers the finest benefits and cost when compared to other recently rebuilt areas in Chennai. There are reasonably priced, roomy, and fully furnished apartments for sale in Madhavaram available in the market. Due to these factors, Madhavaram is a desirable option for first-time homeowners who view it as a more promising investment. Madhavaram is a reasonably priced alternative in the area without compromising on quality or space when compared to other high pricing ranges.
Availability of Essential Amenities
Madhavaram, a fast-developing neighborhood in North Chennai, provides a number of basic amenities, such as access to institutions like St. Ann’s College of Education, respectable schools like Velammal Vidyalaya, and well-equipped healthcare facilities. There are dependable public transportation alternatives in the neighborhood, such as the Madhavaram Bus Terminus and the neighboring Perambur Railway Station.
In addition to this, the area is well-connected by important roadways like the Grand Northern Trunk Road. Along with reliable access to water and sanitary facilities, residents may enjoy parks like the Madhavaram Tree Park, supermarkets, and neighborhood markets. All things considered, Madhavaram offers a cozy and well-rounded living environment.
Better Scope for Development
Madhavaram’s infrastructure is developing quickly, and there are a number of new projects in the works. There are now more schools, hospitals, retail malls, and leisure centers in the region, meeting the requirements of both families and individuals on their own. There will likely be more demand for residential real estate like apartments, plots, and villas in Madhavaram due to the planned IT parks and commercial areas.
Madhavaram: Real Estate Growth and Market Trends
Both investors and home-buyers might find great opportunities in Madhavaram’s real estate market. All preferences and price ranges are catered to with the selection of flats, villas, and plots for sale in Madhavaram. Affordability coupled with the possibility of large future value growth is what makes Madhavaram unique.
Property prices in Madhavaram are expected to continue rising, according to real estate specialists. For investors looking for large returns on their investments, this makes it a compelling offer.Data shows that purchasing properties in Madhavaram has improved in property value by 2.6% over the last year, 18.4% over the previous three years, 24% over the previous five years, 33.7% over the previous seven years, and 36.2% over the previous ten years.
Some of the top builders offering residential housing in Madhavaram are Chennai Prop Experts, G Square Housing, Iconproprealty, Urbanrise, and Casagrand Builder Private Limited.
Key Factors Contributing to Real Estate Growth in Madhavaram
The Emergence of TN Tech City
An important development in Chennai’s technology and IT center business is the impending TN Tech City near Madhavaram. In the past, the southern areas of the city, including those along Old Mahabalipuram Road (OMR), IT offices in Perungudi, and SIPCOT in Siruseri, have been the hub for tech and IT parks. Major tech businesses are expected to arrive to this new Tech City from both domestic and foreign markets, creating a large number of job possibilities and boosting the local economy.
This Tech Park is expected to serve as a catalyst for the expansion of North Chennai, a region that has long been waiting for such revolutionary development. The project would provide upscale residential and commercial areas with cutting-edge social facilities and tech-based workplace spaces. An advanced conference center, centers of excellence, and innovation hubs will all be present in Tech City. Plans also exist to build major data centers inside the tech park.
The Upcoming Metro Line
It is anticipated that the Tech Park would be enhanced by the Phase 2 extension of the Chennai Metro Rail, which will add a Madhavaram corridor and increase accessibility and connection. Commuters currently benefit from easy accessibility due to the presence Madhavaram Mofussil Bus Terminus (MMBT). Madhavaram will be connected to several regions of Chennai, including important commercial and residential districts, by the new metro line.
It is expected that Madhavaram’s enhanced connection will draw in people, techies, and companies in a manner similar to how the growth of road and metro infrastructure benefited the communities surrounding SIPCOT in Siruseri, OMR, and Thiruvanmiyur.
Future Investment Potential in Madhavaram
With the arrival of the planned Tech City and Metro line, the Madhavaram real estate market is about to undergo a dramatic transformation. At the moment, Madhavaram real estate is more reasonably priced than established neighborhoods close to tech centers like Perungudi, Taramani, and locations along OMR. However, this dynamics will alter when Tech City is up and running.
When purchasing residential housing like apartments, plots, or villas in Madhavaram, consider the long term benefits. The value of your investment may be impacted by the areas development potential. Keep an eye out for new offices, retail malls, and schools as indicators of progress. The region of Madhavaram is expanding quickly. There will be upcoming initiatives and developments. Property prices rise as a result over time. If you purchase 1, 2, or 3 BHK apartments, plots or villas for sale in Madhavaram today, you may take advantage of this boom.
Frequently Asked Questions
1. Is Madhavaram an ideal place for real estate investment?
Yes, Madhavaram is an ideal place for real estate investment as it offers all the essential amenities with promising infrastructure development. Further, it also offers excellent connectivity attracting investors and home-buyers across the city.
2. Will the upcoming metro phase 2 connectivity in Madhavaram affect real estate prices?
Yes, the upcoming metro phase 2 will enhance connectivity in Madhavaram which will in-turn increase the property value of residential housing the locale. This shows that investing in Madhavaram now would be wise, especially for long-term investments.
3. What should I consider before investing in real estate in Madhavaram?
Some of the things that should be taken into consideration while investing in real estate in Madhavaram are the specifications of the sub-locality, reputation of the builder or seller, available amenities, and legal clearances.