Falling under the Chennai Municipal jurisdiction, Medavakkam is one of the fast-developing residential localities in South Chennai. A Knight Frank report in the year 2012 had named Medavakkam as one of the top six localities for investment. True to the word, the area has seen substantial growth over the last six years. Lying close to the IT corridor of Old Mahabalipuram Road (OMR) and SEZ on Medavakkam-Sholinganallur Road, the locality still holds potential for further growth.
Connectivity
Medavakkam is easily accessible to the prime areas on GST Road like St Thomas Mount, Chromepet, and Pallavaram. It is also close to the other upcoming suburbs like Ponmar, Sithilapakkam, and Otiyambakkam.
Medavakkam is about 30 minutes or 13km away from Chennai International Airport and approximately 6km from Velachery Railway Station.
Social infrastructure
Medavakkam being a well-developed locality has no shortage of essential amenities like schools, colleges, healthcare, shopping, and entertainment options.
Education: Some reputed schools in the vicinity include Netaji Vidyalam, St John’s Medavakkam, and Christ The King Matriculation Higher Secondary School. The Quaide Milleth College for Men, Asan Memorial College for Arts and Science, and New Prince Shri Bhavani College of Engineering are some of the famous colleges in the area.
Hospitals: Hoscons Healthcare, V Cure Hospital, and Annai Theresa are some of the widely known hospitals in the area.
Supermarkets: City Supermarket, Niligiris, Heritage Fresh, and More Supermarkets are scattered all through the locality.
Employment opportunities
Being close to Sholinganallur, the residents of Medavakkam can make good use of the SEZ or IT park there to find employment opportunities. Some of the major companies housed there are Ford Global, HCL, Tech Mahindra, Wipro, Cognizant, TCS, Infosys, and others.
There is also some presence of manufacturers like Rax-Tech International, Siva Kumar Industries, and Udhayan Industries close to Medavakkam.
Rea estate scenario
It is just about two to three years since this area came under the purview of Chennai Municipality, hence a lot of infrastructure development is also expected to take place at Medavakkam. A variety of builders are coming up with projects here. The upcoming Phase II metro rail linking the nearby Sholinganallur will create more demand for residential projects in Medavakkam.
The ongoing property prices in Medavakkam are in the range of Rs 3,600 – 6,910 per sq. ft.
The top 5 projects
We bring you the top five properties that you can consider for investment.
Navin’s Springfield
Developed by Navin Housing and Properties Pvt Ltd, it is one of the most popular properties in the area. Located in peaceful environs of Vadakkupattu, Navin’s Springfield offers 204 apartments in 1, 3 and 4BHK configurations. The apartments come equipped with swimming pool, clubhouse, library, temple, and even an ATM within the campus.
The ongoing price is in the range of Rs 88.42 – 96.21 Lakh.
Urban Tree Wow
Spread across 2 acres, Urban Tree Wow offers you the much-needed respite from the hustle and din of city life. It offers just 169 apartments in 2 and 3BHK segments with a host of other amenities like Yoga and Meditation Hall, Multipurpose hall, swimming pool, and gym. It also comes equipped with its RO water plant, regulated gas supply, and hydropneumatic pumps.
The apartments are in the price range of Rs 80.9 – 93.4 Lakh.
Doshi Serene County
This property comes from the reputed Doshi Housing and is located close to Prince Bhavani College of Engineering and Santoshpuram Bus Stop. It is great for people who are looking to buy an independent home with essential amenities.
Serene County offers 2,3 and 4BHK villas in the price range of Rs 66.69 Lakh – 1.83 Crore. The size of 2BHK villas varies from 940 – 1,200 sq. ft., while the 3BHKs are in the size range of 1,660- 1,875 sq. ft.
Bagya Grand
Bagya Grand is located at Vadakapattu Main Road, next to Velammal School in Medavakkam. The homes at Bagya Grand come in the 3BHK format with three different area specifications. The apartments here come with video door phone with access card.
The apartments here are in the sized between 1,440-1,575 sq. ft. and are in the price range of Rs 74-83 Lakh.
Rajaparis Crystal Springs
If you are looking for affordable apartments, Rajaparis Crystal Springs is worth considering. With 2BHKs starting at as low as Rs 27 Lakh, this project come loaded with amenities like badminton and basketball courts, reflexology park, community hall, gym, swimming pool, and clubhouse.
The 2BHK apartments are in size range of 556 – 872 sq. ft, while the 3BHKs are in the range of 1,070 – 1,149 sq. ft.
You can explore more projects in Medavakkam here.
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