Chennai is a rapidly growing metropolis. Over the decades, it has emerged as one of the most thriving real estate hubs of South India. Due to the impressive strides taken towards the infrastructural development of the region, Chennai and its nearby suburbs have managed to strengthen their position as a key residential hotspot. A large number of people today choose to buy land for sale in Manali, Thirumazhisai, Porur, Tambaram, Madhavaram, and more, to set up their homes. Located in the northern part of Chennai, Madhavaram is a particularly popular residential neighborhood. Many consider it to be the new Anna Nagar.
Madhavaram has undergone quite a significant transformation over time. Spread over five revenue blocks, it has among the largest land areas in Chennai. A good mix of residential, commercial, recreational, entertainment and development areas can be found today in Madhavaram, all of it not too far from the posh Anna Nagar.
Many factors contribute to the increasing popularity of property investment in Madhavaram, including:
- Regulated traffic area: Traffic regulation in Madhavaram is relatively better than in other parts of Chennai. Due to the multiple residential projects developed across the region in recent years, the neighbourhood has quite less traffic-related concern. Hence, if you prefer a peaceful living environment away from the hustle and bustle, then Madhavaram can be an appealing choice for setting up your home.
- Good connectivity: Madhavaram is well connected by 200 Feet Ring Road, Grand Northern Trunk Road, and Madhavaram RedHills Road. Metropolitan Transport Corporation (MTC) operates buses in the neighbourhood and connects Madhavaram with other prominent areas in the city. Rail connectivity is provided by Perambur Railway Station. This railway station is only 6km away. The proposed metro corridors under Phase 2 of Chennai Metro will also boost connectivity in the area.
- Social and retail infrastructure: There are many schools, hospitals, shops, and banks located in and around Madhavaram. The availability of such amenities can significantly impact the quality of life of your family. Proximity to good educational institutions, healthcare facilities, and recreational spaces can make daily life more convenient and enjoyable.
- Nearby employment hubs and Social infrastructure: Madhavaram is well-connected to multiple employment hubs. There are numerous schools, hospitals, stores, and banks in and near Madhavaram. A few of these are the Don Bosco Higher Secondary School, St. Anthony’s Hospital, KVT Speciality Hospital, Tamil Nadu Veterinary and Animal Sciences University, and Sri Sakthi Matriculation School. It is especially a viable destination for people working in the IT sector.
- Comparatively affordable price: While Madhavaram is quite a well-developed locality, the property prices in the region are way more affordable than South and Central Chennai. Hence, if you are aiming for property appreciation, you stand the chance to gain by investing a lot less by buying property in Madhavaram. Its fast-growing property market coupled with reduced investment exposure will significantly cut down your investment risks.
- Investment potential: The real estate market of Chennai has exhibited an impressive growth potential over the years. Through the 200 Feet Ring Road, Grand Northern Trunk Road, and Madhavaram Red Hills Road, the area is conveniently accessible. Buses are operated by Metropolitan Transport Corporation (MTC), which also connects the neighbourhood to other important parts of the city. Perambur Railway Station, which is barely 6 km distant, offers rail access. Choosing to buy land sale in Madhavaram can be a wise move, as it is an emerging locality whose property values could appreciate significantly in the long run.
On the whole, buying a property in Madhavaram can be quite a smart move. However, before making your investment, you need to properly examine and compare factors like property condition, legal documentation, property prices, and future development plans. Due diligence is critical to any property investment.