Invest your future in the properties available in Medavakkam
The continuous growth of the IT sectors and other MNCs around Chennai has seen a sudden rush in the population around. As a result of people shifting their bases here, there is a constant demand for plots and real estate properties here. In case you are too looking for such profitable properties around Chennai, make sure to check out the flats for sale in Medavakkam.
About Medavakkam
Medavakkam refers to the south suburban region in Chennai. It lies in the Chengalpattu district, which is neighbouring to the areas of Madipakkam, Keelkattalai, Sholinganallur, Velachery, Selaiyur, and Tambaram. It also happens to be the hub of a few developing suburban areas like Sithalapakkam, Ottiyambakkam, and Ponmar.
The Village Panchayat controls the administration of this area, which happens to fall under Shollinganallur MLA Constituency and also the South Chennai MP Constituency. The location is developing at a faster rate due to its closeness to the IT corridor OMR. Don't use plagiarised sources.Get your custom essay just from $11/page
The flats for sale in Medavakkam offer uninterrupted connectivity for all
The sudden growth of the IT parks and centres all across the region of Chennai has helped in the growth of real estate properties here. The place of Medavakkam offers seamless connectivity to all the leading areas across the country. As a result of the presence of such amenities here, the flats for sale in Medavakkam offer excellent investment plans for many people. Some of the areas present in Medavakkam are:
- Somu Nagar
- Vadakupattu
- Munusamy Nagar
- Babu Nagar
- Annai Indira Nagar
- VGP Pushpa Nagar
- Vimala Nagar
- Aishwarya Gardens
- Soumya Nagar
- Veerabadra Nagar
- Aishwarya Garden Extn
- Gayathri Nagar
- BHEL Nagar
- Green Court
- Jayachandran Nagar
- Sairam Nagar, etc.
One can travel to these locations as well as other parts of the country from here both via road and air. The nearest airport to this region is the Madras Airport. The nearby train stations are:
- Saidapet Railway Station
- Chennai Chetpat Railway Station
- Perambur Locomotive Works Railway Station
- Nungambakkam Railway Station
- Perambur Railway Station
- Kodambakkam Railway Station
- Villivakkam Railway Station, etc.
Price trends of flats for sale in Medavakkam
The prices of properties in Medavakkam are continuously rising due to the presence of the social infrastructures and the job opportunities here. Due to the presence of the IT companies and the leading MNCs here, people tend to come all-around from the country here for the job prospects. As a result of such a rush in the population, there is a constant need for the real estate properties here. Hence, due to such demands, the prices of the flats for sale in Medavakkam fluctuate depending on several factors like:
- The location of the properties available for sale
- Presence of RERA approval for the properties
- The number of rooms available in the property
- The floor space index of the affordable apartments in Medavakkam
- Tax considerations
- The adjoining areas of the properties available for sale
- Super built-up area of the properties
- The reputation of the construction company in the market
- Current stock market trends, etc.
Considering these factors mentioned above can help one to understand the rice changes of the real estate properties in and around Chennai. Here is the price chart showcasing the prices of the flats for sale in Medavakkam depending on the number of rooms and the area of the property:
| Number of rooms | Super built-up area | Average prices per square feet | Price range |
| 1 BHK | Starts from 400 Sq. Feet | INR 4250 | Starts from 17 lakhs |
| 2 BHK | Starts from 640 Sq. Feet | INR 3281 | Starts from INR 21 lakhs |
| 3 BHK | Starts from 800 Sq. Feet | INR 5875 | Starts from INR 47 lakhs |
| 4 BHK | Starts from 1400 Sq. Feet | INR 5735 | Starts from INR 80.3 lakhs |