Apartments in Medavakkam, Chennai enhance Lifestyle standards of Real estate Investors

Not too long ago, properties in the Central Business District(CBD) of the city were the only ones in focus but as the CBD became characterized by lack of space and exorbitant prices, builders and investors alike shifted focus to suburban regions. However, as supply and demand started playing their consistently expanding hands in the city, even the suburbs started observing high prices. So, areas like Medavakkam and Perumbakkam assumed never-before-seen changes in the past decade. Apartments and the builders in Medavakkam witnessed landmark changes both in terms of supply and demand.

With steep increase in demand, land pockets started declining and construction rates grew higher. Naturally, property prices also witnessed appreciating prices. The real estate market in Medavakkam is expected to grow faster in the subsequent few years due to rapidly rising social infrastructure facilities. Schools, shopping facilities, amenities, road development, entertainment hubs and connectivity make the regions susceptible to overall growth and development. As a matter of fact, realty reports have shown that the prices in Medavakkam are expected to increase by at least 103 percent by the year 2017. Apartments in Medavakkam are increasing by leaps and bounds because of the plethora of amenities and infrastructural development the region takes pride in.

Abundance of amenities at Medavakkam

The region has a plethora of premium educational institutions namely PSBB Millennium School, Hiranandani Upscale School, Kendriya Vidyalaya, St. Pauls Matriculation School, BVM Global and Padman Matriculation School are some of the renowned schools in the region. Similarly, Prince Sri Venkateshwara Padamavathi Engineering College and Asan Memorial College of Arts and Science are two of the popular colleges at Medavakkam. The area is also home to some of the city’s state-of-the-art and well equipped modern hospitals including Karunya Hospital, Global Health City, Kamakshi Memorial Hospital and Ainthiram Siddha Hospital.

Face value of the builders in Medavakkam and the apartments in Medavakkam are further enhanced by exceptional infrastructural development such as the Chennai Mass Rapid Transit System(MRTS), Grand Southern Trunk(GST) road connectivity and other road development projects. The much awaited monorail project is also an important factor that influences a major part of the real estate progress the city has been witnessing in the last few years. And added to all the infrastructural development Chennai has been making, the Chennai Metropolitan Development Authority(CMDA) project to create outer ring road helps to bring down traffic congestion especially between Medavakkam and Sholinganallur.

Medavakkam Highlights obsessed with Educational Institutions

Source: 99 acres

- Sumangali Homes

Builders in Medavakkam