Madambakkam – An upcoming micro market in Chennai

Located in south Chennai, Madambakkam is one of the most happening real estate destinations in recent years. As locality has the advantage of good connectivity to several employment hubs of Chennai, the locality has been witnessing a good demand for residential properties among the working professionals who prefer to reside close their work places. Besides, the locality is situated close to residential hubs such as Selaiyur, Vengaivasal and Sithalapakkam . The locality is also renowned for its greeneries and the famous Dhenupureeswarar temple. Apart from connectivity to employment hubs, the locality is also witnessing an improving social infrastructure over the past few years. Also, property prices are quite affordable in Madambakkam on comparing to the neighborhood areas of this region. Thus, the locality has attracted several potential home buyers to invest here. Owing to this housing demand, many reputed developers have launched new projects in this locality in recent times. According to realty sources, the demand has been especially high for ready to move in apartments in Madambakkam . With the upcoming infrastructure developments in this region, the capital values are expected to increase in the following years. So, investing now in Madambakkam is certainly a good choice for property investment. rnHere are some of the major factors that drive the realty market of this region; Connectivity • Good accessibility to important roads such as the Velachery Main Road, The Chennai Bypass Expressway and The Grand Southern Trunk Road (GST) • The locality gets frequent bus services operated by the state government. Apart from it, the locality has proximity to Adambakkam Bus Stand and Tambaram Bus Stand. • 14 km away from Tambaram railway station • The Chennai International Airport is located close to this region Nearby Employment Hubs • TECCI Park – 13 km (aprrox) • The MPL Towers – 14 km (aprrox) • Pacifica Tech Park and the Varalakshmi Tech Park – 14 km (aprrox) • Alpha City SSPDL – 15 km (aprrox) Social Infrastructure Presence of good social infrastructure is one of the prime reasons for the demand for apartments in Madambakkam. Some of the renowned schools in the vicinity of this region include the Chellammal Vidyalaya Senior Secondary School, Loyola Matriculation Higher Secondary School and Srimathi Sundaravalli Memorial School. Also, there are several health care centres in the vicinity of this region namely the Dr Kamakshi Memorial Hospital, Chennai Krishna Hospital and Global Hospitals.rnWith the availability of residential properties in the affordable segment is very less within city limits, several micro markets are emerging as the realty hot spots. Madambakkam is one of those localities in the suburbs that have been brimming with many real estate developments over the past few years. And, this realty trend is likely to continue further in near future.