Medavakkam is the prime localities in the city which is located in the south Chennai. Medavakkam property is observing a stable growth when it comes to residential sector. Several real estate professionals consider say that the plots in Medavakkam continue to dominate across the city as a center for residential growth.
A survey by Knight Frank India shows that plots for sale in Medavakkam can be deliberated as hotspots for residential investment and going onward, can acquire perceptible appreciation. There is a huge demand for properties that increased more number of Medavakkam plots for sale in the suburb. This area has become a hot spot owing to its self-sustainability and closeness to IT Parks as well as several manufacturing sites. Plots in Medavakkam is increased because of its ability of self-sustainability as well as its connectivity, the area is inherited as a residential town colony. Medavakkam real estate witnessed 20 % value appreciation from the past 2 years. The government has given CMDA authorization to increase residential plots on suburb. Cmda approved plot Medavakkam has increased due to these reasons.