Should you invest in Medavakkam, Chennai in 2024? Here's what should you know

Should you invest in Medavakkam in 2024?

#Buyers#Chennai Real Estate#Investment#Investors#Locality Profile#Purchase#Sale

2 min read • Aug 23, 2024

Medavakkam is a thriving suburb of Chennai, which offers a unique blend of green space and infrastructure that seamlessly connects it with major IT hubs. With the upcoming Red Metro Line of the Chennai metro rail in the area expected to increase its property prices, it is arguably the best time for homebuyers and investors to explore opportunities in this micro market. Find out more about factors that could make Medavakkam an investment avenue.

By Surbhi Gupta Research Analyst

99acres.com

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Frequently Asked Questions

Q. What is the current real estate market trend in Medavakkam?

A. The average property price in Medavakkam is Rs 6,200 per sq ft. The price appreciation in Medavakkam has been 27.1 percent in the last three years, making it a promising real estate investment.

Q. How does Medavakkam compare with other investment hotspots in Chennai?

A. Medavakkam provides a unique blend of green space and robust urban infrastructure compared with other investment hotspots in Chennai.

Q. Are there any risks associated with investing in Medavakkam?

A. Currently, there are no visible risks associated with investing in Medavakkam. However, one should always be aware of typical real estate risks such as market volatility and regulatory changes.

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Surbhi Gupta, AUTHOR

Research Analyst

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With 11 years of experience in real estate industry, Surbhi has been writing on property market trends, news and analytical articles to help homebuyers and investors navigate the complex world of real estate. Surbhi has expertise in residential and commercial real estate and gives reliable advice on everything related to property market investmen... Read more