Medavakkam, located in the southern suburbs of Chennai, has emerged as one of the most preferred residential destinations in the city. With its proximity to major employment hubs and robust infrastructure, Medavakkam has become a hotspot for real estate investment. In this blog, we will explore the lifestyle benefits of Medavakkam as a real estate investment destination and why Rejoice at TVS Emerald Aaranya in Madambakkam, Vengavasal, Chennai is the perfect choice for homebuyers.
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Introduction to Medavakkam as a real estate investment destination
Medavakkam, once a small village, has transformed into a bustling residential area in recent years. Its location between the IT corridors of OMR and GST Road has made it a strategic location for residential development. According to the Tamil Nadu government’s official sources, Medavakkam has witnessed significant real estate growth over the last decade, with a rise of 80% in property prices. Recent reports from JLL, IBEF, and Knight Frank have also highlighted the potential of Medavakkam as a real estate investment destination.
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Infrastructure development and connectivity in Medavakkam
Medavakkam’s infrastructure has undergone a major overhaul in the past few years. The construction of the Chennai Outer Ring Road has provided better connectivity and reduced travel time to major parts of the city. The area is also well-connected through public transportation, including buses and trains. Additionally, Medavakkam is within close proximity to major employment hubs such as OMR and Sholinganallur, making it a desirable location for working professionals.
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Multicultural environment and lifestyle amenities in Medavakkam
Medavakkam is a multicultural neighbourhood that attracts residents from all over the city. The area has a diverse community, and the presence of a variety of places of worship, such as temples, mosques, and churches, reflects this diversity. In terms of lifestyle amenities, Medavakkam has something for everyone. The area has a variety of shopping malls, cinemas, restaurants, and parks. The availability of quality education and healthcare facilities, such as schools, colleges, hospitals, and clinics, is also a significant advantage for residents. Here are some of the educational and healthcare facilities in Medavakkam, along with their benefits for residents at Rejoice at TVS Emerald Aaranya:
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Education facilities benefits for residents
- Velammal Vidhyashram School International school offering CBSE curriculum
- Bharathi Vidyalaya Senior Secondary School Affiliated with CBSE and has a reputation for quality education
- Christ the King Matriculation School Affordable option for quality education
- St. Thomas Matriculation School Well-established school with excellent academic record
- SRM University A leading educational institution for higher education
Healthcare facilities benefits for residents
- Well-known hospital with excellent medical facilities Dr. Kamakshi Memorial Hospital Offers comprehensive medical services, including an emergency department
- Deepam Hospitals Provides specialized medical care for women and children
- Sri Balaji Dental College and Hospital Affordable dental services with state-of-the-art facilities
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Investment potential of Medavakkam real estate
If you’re looking to invest in real estate in Chennai, Medavakkam is a location that should be on your radar. Not only does it offer an excellent quality of life, but it also has excellent investment potential. In this section, we will explore the appreciation of property values in Medavakkam, as well as a comparison of its real estate prices with other regions.
Appreciation of property values in Medavakkam
Over the past few years, Medavakkam has seen significant appreciation in property values. This is due to the development of the area’s infrastructure, as well as its proximity to major employment hubs such as the IT Corridor and OMR. The demand for residential properties in Medavakkam has been steadily increasing, leading to a rise in property prices.
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According to data from official government sources, the average property price in Medavakkam in 2020 was around INR 4,500 per square foot. This is a 14% increase from the average price in 2019, which was around INR 3,950 per square foot. This appreciation in property values is expected to continue in the coming years, making Medavakkam an attractive location for real estate investment.
Comparison of Medavakkam’s real estate prices with other regions
To get a better understanding of Medavakkam’s real estate prices, it’s helpful to compare them with other regions in Chennai. Here’s a table comparing the average property prices in Medavakkam with those in Madipakkam, Velachery, Pallikaranai, Ambattur, Kelambakkam, Perambur, and OMR.
| Location | Average property price (INR/sq. Ft) |
| Medavakkam | 4,500 |
| Madipakkam | 4,300 |
| Velachery | 7,800 |
| Pallikaranai | 5,400 |
| Ambattur | 4,200 |
| Kelambakkam | 4,600 |
| Perambur | 4,000 |
| OMR | 5,500 |
As you can see from the table, Medavakkam has a relatively lower average property price compared to other popular regions such as Velachery and Pallikaranai. This makes it an attractive option for those looking to invest in real estate at a lower price point. However, it’s worth noting that Medavakkam’s proximity to major employment hubs means that its real estate prices are likely to increase in the coming years.
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Future growth prospects and investment potential of Medavakkam
Medavakkam’s real estate market has immense growth potential, making it an attractive location for investment. According to a report by Knight Frank, Medavakkam is one of the top emerging micro-markets in Chennai, with a projected growth rate of 104% by 2022. This growth is expected to be driven by the continued development of the area’s infrastructure, as well as its proximity to major employment hubs.
Another report by JLL India states that Medavakkam has witnessed significant residential and commercial development in recent years, and is expected to continue to do so in the coming years. The report notes that Medavakkam has a high potential for rental yields, making it an attractive location for investors. As per NoBroker’s annual Rent Report 2023:
NoBroker’s savings in brokerage fees (2022)
| City | Brokerage Fees Saved (in crores) | Ranking (Based on Savings) |
| Bangalore | 1167 | 1 |
| Mumbai | 926 | 2 |
| Chennai | 679 | 3 |
| Pune | 609 | 4 |
| Delhi-NCR | 547 | 5 |
| Hyderabad | 463 | 6 |
| Total | 4391 |
Homebuyers’ sentiments (2022)
| City | Good Time to Buy Property (%) | Plan to Buy Property in 2023 (%) |
| Bangalore | 82 | 71 |
| Mumbai | 87 | 72 |
| Chennai | 92 | 77 |
| Pune | 85 | 73 |
| Delhi-NCR | 79 | 68 |
| Hyderabad | 84 | 70 |
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Location and features of Rejoice at TVS Emerald Aaranya
Rejoice at TVS Emerald Aaranya is situated in Medavakkam, Chennai, one of the fastest-growing residential areas in the city. Located close to the IT corridor of OMR and Sholinganallur, this project offers excellent connectivity to major employment hubs such as Tidel Park, Ramanujan IT City, and SIPCOT IT Park. Medavakkam is also well-connected to other parts of the city through various modes of transportation, including buses, taxis, and the metro rail.
Apart from its excellent location, Rejoice at TVS Emerald Aaranya offers a host of features and amenities that cater to the modern lifestyle needs of residents. The project boasts a well-equipped gymnasium, a swimming pool, a clubhouse, a children’s play area, a multipurpose hall, and landscaped gardens. These facilities provide residents with a comfortable and convenient living experience.
Additionally, the project features a rainwater harvesting system, a sewage treatment plant, and a solar water heating system, making it an eco-friendly choice for buyers. The project also has 24×7 security and surveillance, ensuring the safety and security of residents.
Moreover, Rejoice at TVS Emerald Aaranya is registered under RERA with the registration ID TN/01/Layout/1842/2022, making it a reliable and transparent investment option for potential buyers.
Overall, Rejoice at TVS Emerald Aaranya offers an ideal combination of location, amenities, and features that make it a smart investment opportunity for those looking to invest in real estate in Chennai. The project’s proximity to major employment hubs, excellent connectivity, and modern facilities cater to the needs of modern buyers and make it a desirable choice for both end-users and investors.
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Invest in Medavakkam real estate and live a luxurious lifestyle
Medavakkam is an excellent investment destination as it offers several advantages. First and foremost, it is a rapidly developing locality with excellent connectivity to key areas like OMR, Velachery, Tambaram, and Adyar. It is also in proximity to IT hubs like Sholinganallur and Perungudi, making it an ideal residential area for young professionals. Moreover, the neighbourhood is filled with an abundance of greenery, providing a peaceful environment that is perfect for families. All these factors make Medavakkam a wise investment decision.
“Rejoice at TVS Emerald Aaranya” is a luxurious residential project located in the heart of Medavakkam. It is designed to provide its residents with an opulent lifestyle that is filled with every modern amenity that one could ask for. From a fully equipped gym to a children’s play area, everything is available at your doorstep. The apartments are spacious, well-ventilated, and designed to maximize natural light, ensuring a comfortable living experience.
To summarise, investing in Medavakkam real estate, particularly in “Rejoice at TVS Emerald Aaranya,” is a wise decision. The neighbourhood’s rapid development, excellent connectivity, and abundant greenery provide a perfect balance between urban and suburban living. Moreover, the luxurious amenities available at the “Rejoice at TVS Emerald Aaranya” project promise a lifestyle that is second to none. Don’t miss this excellent investment opportunity! Head over to NoBroker’s “Rejoice at TVS Emerald Aaranya in Madambakkam, Vengavasal, Chennai” project link page, and check out the RERA ID – TN/01/Layout/1842/2022. Contact NoBroker today to know more and invest in your dream home!
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FAQ’s
Q1: Why should I invest in real estate in Medavakkam?
A1: Medavakkam is a rapidly developing locality with excellent connectivity to key areas in Chennai, making it a wise investment decision. It is also known for its abundant greenery, providing a peaceful environment that is perfect for families.
Q2: What makes “Rejoice at TVS Emerald Aaranya” a good investment option?
A2: “Rejoice at TVS Emerald Aaranya” is a luxurious residential project located in the heart of Medavakkam. It offers modern amenities, spacious apartments, and excellent connectivity, making it a great investment option.
Q3: What amenities are available at “Rejoice at TVS Emerald Aaranya”?
A3: “Rejoice at TVS Emerald Aaranya” offers a range of luxurious amenities, including a fully equipped gym, swimming pool, children’s play area, clubhouse, and more.
Q4: What are the apartment sizes available at “Rejoice at TVS Emerald Aaranya”?
A4: “Rejoice at TVS Emerald Aaranya” offers spacious apartments ranging from 621 sq. ft. to 1818 sq. ft.
Q5: How is the connectivity of Medavakkam?
A5: Medavakkam has excellent connectivity to key areas like OMR, Velachery, Tambaram, and Adyar. It is also in proximity to IT hubs like Sholinganallur and Perungudi, making it an ideal residential area for young professionals.
Q6: What is the RERA ID for “Rejoice at TVS Emerald Aaranya”?
A6: The RERA ID for “Rejoice at TVS Emerald Aaranya” is TN/01/Layout/1842/2022.
Q7: What is the starting price of apartments at “Rejoice at TVS Emerald Aaranya”?
A7: The starting price of apartments at “Rejoice at TVS Emerald Aaranya” is Rs. 30.29 lakhs.
Q8: Is there a children’s play area at “Rejoice at TVS Emerald Aaranya”?
A8: Yes, “Rejoice at TVS Emerald Aaranya” has a dedicated children’s play area for the little ones.
Q9: Are the apartments at “Rejoice at TVS Emerald Aaranya” well-ventilated?
A9: Yes, the apartments at “Rejoice at TVS Emerald Aaranya” are designed to maximize natural light and ventilation, ensuring a comfortable living experience.
Q10: How can I book an apartment at “Rejoice at TVS Emerald Aaranya”?
A10: You can contact NoBroker to book an apartment at “Rejoice at TVS Emerald Aaranya” or visit the project link page for more information.
