As per the reports from a leading real estate consultant Knight Frank dated back in 2012, it was forecasted that Medavakkam would see close to 90% appreciation by 2017. This prediction has proven to be right as currently, Medavakkam stands as one of the rapidly developing properties in Chennai.
Investors have all eyes on the real estate market of Chennai as it’s on a never before seen high. Chennai’s real estate market is majorly driven by end-consumers and if you are deciding on shifting to Medavakkam, here are a few highlights about this locality.
- This residential locality located in the south of Chennai enjoys a close proximity to areas such as Shollinganallur, Madipakkam, Selaiyur, Keelkattalai, Velachery and Tambaram. Apart from that it also acts as the central hub for other fast progressing areas such as Ponmar, Ottiyambakkam, and Sithalapakkam.
- Medavakkam is known for its wide roads and good connectivity to all the parts of the city. This newly developed residential area has an easy access to main roads that are devoid of traffic and congestion.
- Having a residence in closer proximity to schools and colleges is always a boon for every working parent. Medavakkam houses schools such asBharathi Vidyalaya Senior Secondary School, BS Matriculation School, Ravindra Bharathi Global School, and Velammal New Gen School that ace at providing quality education.
- This place caters to all the needs of a true foodie as well. Signature restaurants such as Sangeetha Veg Restaurant, Dindigul Thalappakatti Restaurant, Grands Sweets and Snacks,
Namma Veedu Vasanta Bhavan has mushroomed in this area.
- Nature lovers who are fond of bird watching Medavakkam have something in store for you. Nanmangalam Reserve Forest in Medavakkam is a protected area that has been a home for 85 bird species.
- With commercial properties springing up, one can also engage themselves in watching a movie over the weekend or maybe even talking a stroll in the park.
With the above-stated highlights, you will be able to decipher a fair idea about Medavakkam. This area will never cease to surprise you as it amalgamates rapid development of the area while offering the serenity of nature.