Medavakkam Locality Review

Q: I am planning to buy a property in Medavakkam. I have recently shifted from Mumbai. Please let me know if the locality safe ?

Sudhakar , Chennai

27th January 2014

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Replies (7)

Hello, you can follow this link for your requirements Embassy Residency, Chennai

Casa Grande Vogue, Chennai

Urban Tree Oxygen, Chennai

Sundar, Chennai

27th January 2014

Comment

How is electricity and water supply here ? Please let me know about the real estate growth rate also ? Can you tell me some other places for investments ?

Pranab Malakar,

27th January 2014

Comment

* Medavakkam water supply comes from the Chennai Public Works Department (PWD).

*The electricity supply in Medavakkam is managed by the Tamil Nadu Electricity Board (TNEB).

You can look at madipakkam as well. You can find 2bhk in your budget. Closer to city and with sewage and water underway. Just ensure the locality you select in madipakkam is not effected by water logging. If you take perumbakam, Back to advent church you have nearly 10-15 projects coming up on the same location including Malles Aashira.

Balwinder Singh,

27th January 2014

Hey this area has all facilities which includes schools, college, 24 hours bus facility, 24 hours hospital, banks, shops and petrol bunks etc. Metro railway connecting Tambaram - Velachery has been planned for this area. Close proximity of Reliance fresh, bus terminus and open field for breeze. Well connected by bus, share auto facilities. Nearest railway station is Tambaram as well as Velachery.

In the July-Sep quarter of 2013, the locality price appreciated to Rs 4224 per sq. ft. In the Oct-Dec quarter of 2013, the locality price appreciated to Rs 4366 per sq. ft. Within next 5 years the price is expected to be Rs 7,700 per sq ft.

Vivek Kulkarni,

27th January 2014

Comment

Some of the good projects in Medavakkam are as follows:

*Embassy Residency by Embassy Group,

*Casa Grande Vogue and Casa Grande Avalon by Casa Grande Private Limited.

*Urban Tree Oxygen by Urban Tree Infrastructure Pvt Ltd

The average apartment prices in this locality range from Rs. 3,800/- to 4,500/- per sq. ft. Average land prices are Rs.2,500/- to 6, 800 per sq. ft. The growth rate in this area is 5 %. Major builders in this area include Anu Builders, Rohaan Construction & Builders, and Vishnu Homes.

*Also there were many unsold inventories has happended and the main reason is due to the sudden rise of price.

Balwinder Singh,

27th January 2014

How is the accessibility and connectivity from Medavakkam to other parts of the city? What is the ongoing price trends in Medavakkam ? Which are the good projects in Medavakkam which is worth investing? Can you tell me the price details as well.

Joydeep D,

27th January 2014

Comment

@Joydeep: The area is well connected with other parts of the city. It is just 20 km from Chennai City Railway Station. The Meenambakkam airport is about 14 kilometers away. Medavakkam is well connected by public transport. The Tamil Nadu State Transport Corporation Ltd and the Metropolitan Transport Corporation connect Medavakkam to other localities. Parking facility is easily available. Tambaram railway station only 8 kilometers. There are direct buses from Thiruvanmiyur, Broadway, Velacherry and Sholinganallur. By road It can be reached through Sholinganallur and Thiruvanmiyur.

Supratim,

27th January 2014

Thank you for the quick response. I heard there are many reputed colleges here. Can you name some reputed schools and colleges ? How is the social infrastructure there ?

Pranab Malakar,

27th January 2014

Comment

@Pranab: Hospitals such as Global Health City, Kamakshi Memorial Hospital, Pallikkaranai Annai Therasa Hospital, Balachandar Hospital - Mambakkam Road, Karunya Hospital and Ainthiram Siddha Hospital are located in Medavakkam and its neighbouring areas. It is well connected by public transport and parking facility is also easily available.

Many schools are located in Medavakkam such as St John Public School, Bharathi Vidyalaya Senior Secondary School, Vidhya Mandir MAT HR Sec School, Zigma Matriculation School and Christ The King Matriculation HR Sec School amongst others.

Vivek Kulkarni,

27th January 2014

Some of the well-known colleges situated in this locality include Prince Shri Venkateshwara Padmavathy Engg College, Prince Dr.K Vasudevan college of Engineering and Technology, Quaid E Milleth College For Men, New Prince Sri Bhavani Arts & Science College, Bharani Swathi College of Physiotherapy, Bharani Swathi College of Arts and Science and Asan Memorial College of Arts and Science.

Supratim,

27th January 2014

Please let me know if it is a good idea to buy a property for end use ?

Pranab Malakar,

27th January 2014

Comment

Hello, according to me Medavakkam it would be very good idea if you are planning to buy property in . As far as I know you can get good returns as it is an ideal location for families to settle down and it offers great connectivity to all parts of Chennai. Residential apartments are quiet famous here, It is good for both long term investments as well as enduse purpose. Within 3 to 4 years you can expect good appreciation.

According to the experts it is said that neighbourhood has emerged as India's 6th largest destination for investment in the residential real estate i.e in the list of 13-top residential destinations in the country from an investment point of view, where housing prices are expected to increase by 103 percent over the period 2012-2017.

Balwinder Singh,

27th January 2014

Medavakkam is very posh area in South Chennai with all modern facilities, well connected by roads.It is a fast growing and excellent township in this locality. Very safe and good society environment to live for families. It is very near to all the software companies in OME especially Elcot. The Companies Kuke Tech Mahindra, HCL, Wipro and CTS are present in Elcot. All the basic amenities are available here. It is near to Sholinganallur IT Park, OMR, Airport, Tambaram, Pallikarnai, Velachery.

Vivek Kulkarni,

27th January 2014

Hey Sudhakar, As far as I know the security quotient in Medavakkam is good due to the presence of streetlights and gated communities. Multi-storey apartments are popular amongst middle and lower class people. So there is no need to worry as it is a well secured place.

Medavakkam is just 6km from velachery which is another residential hub with excellent road connectivity with Sholinganallur on the OMR and Tambaram on GST ROAD. The major roads linking Medavakkam junction are Velachery Tambaram Road, Medavakkam Mambakkam Main Road and Medavakkam Sholinganallur Road.

Balwinder Singh,

27th January 2014

Comment