Posted on 22th July 2024
The Mambakkam-Medavakkam corridor is in the spotlight for developers and investors who see fantastic growth potential there
The Mambakkam–Medavakkam corridor has been in the limelight as it has started gaining recognition as one of Chennai's most emerging and prospective destinations for real estate. With the infrastructure developing at a fast pace and demand for high-end housing increasing, the area is considered to be an ideal location for investors who want to invest in the growing real estate market. Here is a look at why villas in Medavakkam and its surrounding areas are getting all the attention and what the future holds for this corridor.
From once being a silent suburb, Medavakkam has grown to be one of the busy residential areas. This locality, in fact, is of strategic location, as it also connects the IT corridor of Old Mahabalipuram Road with the industrial belt of GST (Grand Southern Trunk Road). The area has been booming with unprecedented development activity making it an ideal place for homebuyers and investors. There is huge demand for villas in Medavakkam and it is an indication of an emerging preference for spacious independent living spaces.
1. Spacious living: Compared to apartments, villas offer abundant space for families, which is fast becoming a rare entity in an urban setup. Many of the villas for sale in Chennai, more precisely those in Medavakkam, are characterized by generous plot sizes, combined with well-designed interiors.
2. Privacy and independence: There's a sense of privacy and independence in villas, which is not easy to get in apartments. This is one of the reasons behind many homebuyers' pursuit.
3. Appreciation potential: With rapid development happening in and around this area, the appreciation in the value of villas in Medavakkam is huge, making it an ideal investment option.
4. Green environment: Most villa projects in Medavakkam have green spaces and landscaped gardens. Therefore, this provides a refreshing environment to live in.
Read more about buying villa: Why buying villas on Medavakkam-Mambakkam Road is a smart idea
Mambakkam, next to Medavakkam, is fast catching up on the reality scene. The Mambakkam-Medavakkam corridor is in the spotlight for developers and investors who see fantastic growth potential there. Here's why this corridor is rapidly gaining ground:
1. Connectivity: The proposed Chennai Metro extension up to Medavakkam and beyond will greatly improve connectivity to the city center and other points of importance.
2. IT corridor proximity: The proximity of the corridor to the IT hub along OMR makes it an ideal location for tech professionals looking for villas for sale in Chennai.
3. Educational institutions: Reputed schools and colleges are located in and around Medavakkam, which adds to the appeal of this area for families.
4. Retail and entertainment: Shopping malls and entertainment centers have been developed in the area, thus improving the quality of life in the region.
If you are an investor looking at villas in Medavakkam or the entire Mambakkam to Medavakkam corridor, here are a few things to pencil in:
1. Infrastructure development: Infrastructure development, already underway or on the drawing board, pertaining to road widening and the metro extension, is only going to add to property values in the near future.
2. Growing demand: The IT sector is on its expansion path, and with more professionals eyeing good quality housing, the demand for villas in Medavakkam and places nearby is also growing.
3. Price appreciation: There would be steady appreciation in this corridor, thus turning out to be a potentially lucrative long-term investment, say real estate experts.
4. Rental yield: This locality among IT professionals and families offers numerous chances for investors to earn attractive rental yields from villas.
5. New project launches: Be on the lookout for new villa projects in Medavakkam and Mambakkam. Many times, the early movers who get in during a project's pre-launch phase get an added advantage of pre-launch pricing and choice of units.
If you are considering an investment in a villa for sale in Medavakkam or nearby, here are some tips to help in your decision:
1. Location: Look for villas that are excellently connected, have easy access to main roads, and are in close vicinity to upcoming metro stations.
2. Reputation of the builder: Go for projects by renowned developers who have credible records for quality construction and on-time delivery.
3. Amenities: Go for villa communities with modern facilities like clubhouses, swimming pools, and security systems.
4. Legal clearances: Make sure all necessary approvals and clearances are in place before investing in any particular project.
5. Future development plans: Study the upcoming infrastructure and commercial projects in the surrounding area and their likely influence on property values.
Read more about why buy villas in chennai: Secure & smart Investment
The Mambakkam-Medavakkam corridor is one of the best opportunities available for a real estate investor and more so for investors in Medavakkam villas. Its location, developing infrastructure, and increasing demand make it sure to grow tremendously in the coming years. Be it a villa for sale in Medavakkam for personal use or as an investment, this corridor offers a wide range of options that would fit various budgets and preferences.
As Chennai continues to grow and prosper, areas like Medavakkam and Mambakkam are an ideal investment destination in the real estate market.
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