Medavakkam is listed in one of the top ten growing and attracting real estate locations in India.
Medavakkam is one of the potentially growing residential areas in the southern suburbs of Chennai. The locality is getting familiar among the home searchers. The fast growing phase accommodates both residential and commercial buildings inside of it.
One of the prime advantages of Medavakkam is its locality. The increase in the capital value, scope for development and growing customer fondness attracts many new players to come up with new projects in this area. Medavakkam is well connected to some other major southern suburbs like Madipakkam, Velachery, Tambaram, and Keelkattalai. The growth of Medavakkam is mainly triggered by its close proximity to OMR, an important IT corridor in Chennai and SEZ in Medavakkam- Sholinganallur road. This triggers the demand for real estate properties in Chennai. One can find almost all types of flat in Medavakkam.
Apart from connectivity, the location also accommodates numerous life amenities like schools, colleges, medical facilities, and even has more number of religious destinations. Apartments in the Medavakkam pin code are well connected by the Metropolitan Transport Corporation. The location is well connected to all other areas by frequent buses.
It is very usual to see the tag “flats for sale in Medavakkam”. This directly implies the potential of this location. Apartments in Medavakkam are occupied by IT and SEZ employees. This attracts key real estate and they present elegant apartments for sale in Medavakkam. Due to the growing residential and commercial demand, constructors constantly were working on new on-going flats in Chennai. Apart from apartments, Medavakkam also presents independent house for sale. Individual house for sale in Medavakkam is also growing in par. In addition, semi-independent house for sale in Medavakkam is also at its peak. Real estate builders believe that independent house sales in Medavakkam are one of the profitable businesses at present in Chennai.
Knight FrankCredentials to Medavakkam Geographical location in 2012
As indicated by a 2012 report by worldwide property expert, Knight Frank, the area has developed as India’s sixth biggest end of the line for speculation in the private land, in the rundown of 13-top private objectives in the nation from a venture perspective, where lodging costs are required to expand by 103% over the period 2012-2017.
On the other side of the coin, Medavakkam is predicted as one of the 13 fastest growing places in Chennai, and it would reach an appreciation of 90% in the next five years. The expert also predicts that, the location is going to play a major role in job creation, infrastructure development and lifestyle change.
This encourages many individual and corporate players to construct new flats in Chennai. Real estate spectators predict that resale value for flats in Medavakkam is good when compared to other areas in Chennai. Besides all parts, Medavakkam Junction gains special interests from investors. Flats for sale in Medavakkam junction is bit costly when compare to the rest of the areas. Medavakkam junction is located in Tambaram -Velachery and Sholinganallur highway. ‘Koot road’ is the local slang for Medavakkam junction. The junction is always filed with people and vehicles dictates is as an active economic centre. This triggers the value of flats for sale in Medavakkam ‘Koot road’.
The connectivity to the rest of the places, and location in the middle of other important places are the some of the important reasons for its growth. Medavakkam offers 1,2,3 BHK apartments for sale.
Social and physical infrastructure support Medavakkam to grow as a potential residential area. The connectivity and presence of essential life amenities made this place a viable option for home buyers. So to conclude, prospective home searcher, then Medavakkam is the best option.