Plots in demand in Medavakkam

Q: Hey heard that Medavakkam in South Chennai offers good plots. Kindly discuss on this news and let me know the details.

Komathi, Chennai

3rd March 2014

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Replies (2)

Can you tell me the price range of this area ? How much will be the price appreciation expected ?

Vivek Kulkarni,

3rd March 2014

Comment

@Vivek: Hey the plots here are ranging from Rs 25,000-30,000 per sq yd whereas the average capital values of apartments in the area vary between Rs 4,100- 4,500 per sq ft.

Hey Properties in south Chennai is on an average have seen an average appreciation of 10-20 per cent in the last one and half year. So it will have good appreciation in future.

Balwinder Singh,

3rd March 2014

Hey komathi, this area offers fast developing infrastructure, good connectivity through Grand Southern Trunk (GST) Road, proximity to Old Mahabalipuram Road (OMR) and the presence of IT companies in the neighbourhood.

So makes the locality a preferred destination for those looking to invest and even for end-use.

Pranab Malakar,

3rd March 2014

Comment

Hey I am planning to buy residential plot of size 1100 sq ft in Medavakkam. Can you tell me some details on this locality ?

Vivek Kulkarni,

3rd March 2014

@Vivek: Hey Medavakkam is considered as one of the hotspots for residential investment and will see noticeable appreciation in future because of the well-equipped social infrastructure, planned development and the availability of land.

Also Pallikaranai and Medavakkam are about 12 km from the Chennai International Airport through the Pallavaram-Thuraipakkam Road .Chrompet Railway Station is situated about 9 km through the hassle-free Velachery-Tambaram High Road.

Balwinder Singh,

3rd March 2014