Property investment in Medavakkam

Image source: http://www.nanubhaiproperty.com/images/thumbs/property/534122_1200-sq-ft-residential-plot-land-for-sale-medavakkam-in-chennai_800.jpeg

Medavakkam lies in a strategically sound location with the Tambaram-Velachery Main Road passing right through. This road serves as a main route for commuters, connecting two of the highest needed places in Chennai. This road also extends to the ECR Link road, which allows simple access to the East Coast Road. The major mode of public transport in this region is through the Metropolitan Transport Corporation (MTC) buses. These buses are frequent and connect Medavakkam to all components of the city and beyond. Trains are also in the main reachable, with the nearest stations being the Velachery MRTS station and Tambaram Railway Station. This region has experienced substantial growth manner back few years, both in terms of population and economy. The large influx of pros from all over the united states due to the many IT parks around Medavakkam has increased the demand for real estate. This has also resulted in the public and private sectors turning towards the enhancement of infrastructure in this region.Wide roads and availability of sweet groundwater also add to the advantage.

Medavakkam is an upcoming residential region in the suburbs of southern Chennai. Located in close proximity to busy areas like Sholinganallur, Velachery and Tambaram, this locality has become a residential hub for employees operating in IT companies in the surrounding areas. Medavakkam, is expected to outscore all other residential hubs in the state in terms of real estate appreciation in the subsequent five years. What works in favour of Medavakkam is that it really is strategically located between the Old Mahabalipuram road (OMR) or IT corridor and Grand Southern Trunk Road (GST Road) with simple connectivity to Velachery and Pallikaranai. The micro-industry is at a distance of 14 km from ChennaiAirport and 25 km from the Chennai Central Railway Station. The NanmangalamReservedForest is simplest 3 km away. Medavakkam supports realty drivers like availability of high end workplace spaces, access to social infrastructure and planned developments. Moreover, with the scheme for a future metro rail strip, the region seems to have a real stimulate in real estate advancement. Likewise, it has a pair of realistic housing selections with infrastructural support. Villas at Medavakkam are selling very fast and the worth at this site is more cost-effective when compared to villas at central Chennai.

Since Medavakkam is primarily a residential region, there are lots of gated communities existing here. Investors that have been examining the realty industry are of the opinion that it really is the least difficult time to invest in apartments in Medavakkam .The demand for affordable houses is predictable to may most clearly be pick up, as the growth of the Chennai is extra southwards.The place has most now and again apartment properties with houses and villas gaining 2d and third choices respectively. A quantity of builders and promoters are making use of this place to construct luxury villas in Medavakkam . The construction of the ORR from Medavakkam to Karapakkam will source simple access to the Rajiv Gandhi IT Expressway. This makes it very convenient for employees operating in IT hubs in the surrounding areas. Hence, Medavakkam promises to be an ideal real estate investment spot in Chennai.