Article

Here is why Madipakkam is more popular among home buyers

Written by Ramya Anbu

Topic: Real EstatePublished March 10, 2017
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Over the past few years, several suburbs of the Chennai city have been witnessing a heap of real estate developments. Madipakkam is one of those localities which have emerged as a major realty hotspot of in the southern part of the metropolis. Located strategically, Madipakkam is located close to the Information Technology (IT) parks and industrial zones. As a result, the locality has been witnessing a high demand for residential properties among the working professionals. Apart from it, the locality is bounded by several major areas such as Medavakkam, Nanganallur, Adambakkam, Tambaram and Tambaram. As the locality has recently brought under the administration of City Corporation of Chennai, it is likely to witness several infrastructure developments in near future. When it comes to housing options, Madipakkam offers multiple options for home buyers ranging from luxury to affordable housing segments. Owing to consistent demand for houses in Madiappakam , the residential developers have been engaged in developing a number of residential projects in this region. Some of the top builders here include Arun Excello Group, Rammiyam Group and Navin Housing. Although, the capital values are increasing in this region, the property prices here suits the need of mid-income groups. rnHere are some of the major factors that drive the real estate in Madipakkam; Connectivity & Transportation • Some of the major roads that pass via this locality include Grand Southern Trunk Road, MKN Road, Inner Ring Road, Inner Ring Road and Velachery Main Roadrn• The locality gets frequent bus services operated by the state government. Some of bus stands in the vicinity include Adambakkam Bus Stand, Guindy Bus Stand and Chrompet Bus Standrn• Proximity to Tambaram and Guindy Railway Stationrn• Accessibility to Metro stations such as The Alandur Metro Station and St Thomas Mount Metro Stationrn• The International Airport is located close to this arearnDistance of work places from Madipakkkamrn• The MPL Towers is at a distance of 3 kmrn• Bahwan Cybertek IT Park – 6 kmrn• ASV Suntech Park and Prince Info is located at a distance of 6 kmrn• Shapoorji Pallonji Infocity and Olympia Tech Park – 7 km Social Infrastructure This is one of the major factors that fuel the property demand in Madipakkam. The locality boasts with several reputed schools such as the Sivashakthi Matriculation School, New Prince Matriculation Higher Secondary School, Abacus Montessori School, etc. Also, there are some renowned hospitals here namely the Dr Kamakshi Memorial Hospital, BM Hospital, Velachery KS Hospital, etc. rnAccording to the realty sources, the capital values are expected to increase further with the upcoming infrastructure developments in this region. Thus, buying a home now in Madipakkam would be an ideal choice if you are planning to invest in villas or apartments in Chennai .

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