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2 BHK flats in Madavaram Red Hills Rd Madhavaram, Madhavaram
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About Properties In Madavaram Red Hills Rd, Madhavaram, Chennai for Sale
Overview of Madhavaram
- Madhavaram is a developing residential hub in the northern part of Chennai.
- The property prices here are affordable with improved metro connectivity.
- Located between Perambur and Kodungaiyur, it provides quick access to the city.
- The area features schools, hospitals, parks, and the famous Madhavaram Botanical Garden.
- The market is moving away from standalone apartments towards the large-scale integrated townships.
- Today, apart from families, IT and corporate professionals are too interested in buying properties here.
- The area offers a mix of builder floors, multi-storey apartments, and plotted developments.
- Other localities near the area are Kolathur, Perambur, MKB Nagar, and Anna Nagar.
- The pincode of Madhavaram is 600060.
Madhavaram Residential Market Insights
- The average property price in Madhavaram ranges from ₹7,500 to ₹9,600 per sq. ft.
- The average price of a 2 BHK apartment in Madhavaram ranges from ₹65.6 lakh to ₹95 lakh.
- The average price of a 3 BHK apartment in Madhavaram ranges from ₹1.2 crore to ₹1.29 crore.
- The average price of a 4 BHK apartment in Madhavaram ranges from ₹1.65 crore to ₹1.99 crore.
- The average monthly rental price in Madhavaram ranges from ₹13,000 to ₹47,800 or more.
- Madhavaram is an ideal location for people looking for high ROI and good connectivity.
- It is close to major IT hubs and employment zones, increasing the residential demand.
- It offers smooth intercity connectivity and modern infrastructure, which attracts homebuyers and investors.
Connectivity and Transport In Madhavaram
- Madhavaram is a centrally linked area through National Highway 5, Jawaharlal Nehru Flyover, and Madhavaram Red Hills Road.
- The Majority of coastal communities connect to Madhavaram through NH-5.
- The intercity connectivity is smooth with major routes like 100 Feet Road, Grand Northern Trunk Road, and SH-111.
- The Perumbar Railway Station is 6 km from Madhavaram and is easily reachable in 20 minutes.
- The Thirumangalam and Anna Nagar Tower Metro Stations on the Green Line connect the city's south and central zones.
- Madhavaram Bus Depot supports interstate connectivity. They provide easy access to Andhra Pradesh and Telangana.
- The Chennai International Airport (MAA) is accessible in 50 minutes via NH-48.
Social Infrastructure In Madhavaram
- The Madhavaram suburb is transforming into a self-sustaining residential zone.
- Top schools like Ravindra Bharathi Global School and Bosco Academy are the local favourites.
- Other institutions include FES Matriculation Higher Secondary School, TAAC CBSE School, Sri Gurumurthy Vidyalaya High School, and Narayana eTechno School.
- Residents receive top healthcare facilities through Multi Speciality Hospital, NRV Hospital, Sri Kumaran Health Centre, and KVT Multi Speciality Hospital.
- Thiruthangal Nadar College, AMET City College, Dr. Ambedkar Government Arts College, Velammal Engineering College, and Bharathi Women’s College are among leading colleges in the area.
- Residents relax and shop at Spectrum The Grand Venus Mall, SKLS Galaxy Mall, and VR Chennai.
- Some people enjoy fine dining at The Royal Restaurant, The Living Room, The Cascade, and Toscano and Punjabi Grill in VR Mall, Anna Nagar.
- A few supermarkets in and around the locality are DMart, Reliance Smart Bazaar, and SMART Superstore.
Employment Opportunities In Madhavaram
- Madhavaram is considered a logistics capital of North Chennai. This is due to its proximity to Chennai Port and Outer Ring Road.
- The Global tech giants like Amazon and BigBasket create massive employment opportunities.
- The small-to-medium manufacturing units of VRM Structures, RK Tire Molds, and Zebronics are operational here.
- The Ambit IT Park, Tamarai Tech Park, and Espee IT Park are easily accessible to professionals.
- Anna Nagar and Manali are popular corporate areas nearby Madhavaram.
Lifestyle In Madhavaram
- Madhavaram offers a balanced, vibrant urban lifestyle. Compared to central Chennai, it has a calmer environment.
- The residents tend to visit the Mahdavaram Botanical Garden for walks, morning yoga, and family picnics.
- The Communities have shifted towards open spaces, enjoying resort-style living.
- The nightlife is vibrant with families gathering up for dinner in fine dine restaurants. The local restro bars also witness high footfall on weekends.
- The Transque Bar, AGH Congo Bar, and Kinema Bar & Restaurant are the primary hangout spots.
Safety and Security In Madhavaram
- Madhavaram is a safe and secure locality for residents, especially for families.
- The Madhavaram Police Station and Madhavaram Milk Colony Police Station are only 10 minutes away.
- Police bikes and PCR vans can be seen patrolling at night to prevent any criminal activity.
- Most residential communities have CCTV surveillance within the vicinity.
Development and Future Prospects In Madhavaram
- Metro expansion on the Red Line will provide several stations across the locality.
- The proposed Purple Line Metro will launch two stations in the Madhavaram area.
- The Upcoming T.N. Tech City in Madhavaram will boost employment opportunities.
Culture and Community in Madhavaram
- The long-standing residential associations coexist with new-age gated community culture.
- The Kailasanathar Temple, a 1,300-year-old Shiva temple, and the Kari Varadharaja Perumal Temple are the ancient landmarks.
- Other religious temples include Lakshmi Amman Temple, Puthu Koil Temple, and Murugan Temple.
- During Pongal, streets turn into massive kolam canvases for competitions. Even traditional Uriyadi events are hosted.
- The Madhavaram Botanical Garden becomes a spot for laughter clubs, morning walks, yoga sessions, and senior citizen meetups.
Environmental Factors in Madhavaram
- Madhavaram provides a nature-first living experience.
- It enjoys a unique ecosystem with recent conservation efforts.
- The Madhavaram Botanical Garden has over 400 species of plants, like massive Palmyrah parks and medicinal arboretums, which act as a carbon sink.
- The garden also includes a bog garden and freshwater ponds that are a sanctuary for local birds and pollinators. It preserves the urban biodiversity.
- Most societies in the area integrated green building practices such as sustainable construction, energy-efficient design.
Flat Configuration in Madhavaram
- The area offers 2 BHK, 3 BHK, and 4 BHK apartments.
- A 2 BHK apartment is in great demand in Madhavaram.
- The properties are available in both ready-to-move and under-construction conditions.
- Madhavaram also offers independent plots, villas, and builder floors.
Property Price Growth in Madhavaram
- The YOY property price change in the area has been around 10.3%.
- In five years, the property appreciation rates have increased to 68.4%.
- Madhavaram has witnessed a rental yield of 5%.
- The percentage may go up in the coming years with the growing infrastructure and strong connectivity.
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