Posted on 26th August 2024
Investing in villas in Chennai, Medavakkam, a locality close to Kilambakkam, is a strategic and timely decision for any property buyer looking for the right opportunity
Kilambakkam, along with nearby areas such as Medavakkam in South Chennai, has emerged as a sensational hot spot for real estate development, especially following the inauguration of the Kilambakkam Bus Terminus, also known as the Kalaignar Centenary Bus Terminus, in December 2023.
This suburb is rapidly developing into a multi-modal transport hub designed to connect various parts of Chennai and the southern districts of Tamil Nadu. This development has significantly impacted the real estate market in and around Kilambakkam, attracting the attention of both developers and investors who recognize its potential as a unique investment spot. Numerous projects are taking shape, centered around this new hub of South Chennai.
Strategically located on the GST Road, Kilambakkam and its nearby localities have transformed into a real estate hub for commercial and residential property development. Homebuyers are increasingly interested in investing in properties in and around Kilambakkam, such as Mambakkam, as the entry price here remains relatively low compared to other parts of Chennai.
Medavakkam, a hot residential locality near Kilambakkam, stands out as a preferred location for many homebuyers. Villas in Medavakkam, offered by leading developers like S&P Foundation Pvt. Ltd., come with unique features and an attractive price tag. With a total of 412 villas in 2, 3, and 4 BHK configurations, the S&P Address offers captivating designs that cater to the aesthetics and housing needs of discerning buyers who value privacy.
Investing in villas in Chennai, particularly in Medavakkam, can be the right move for those who appreciate a peaceful ambiance, a well-served neighbourhood, and excellent connectivity to the rest of the metropolis. These independent Villas in Medavakkam offer a unique living experience with several leisure facilities and lifestyle amenities, all at an attractive price. This makes them an excellent choice for investors seeking good value for their money.
Kilambakkam's prime location on the GST Road makes it the gateway to all southern districts and offers good connectivity to all parts of Chennai. Plans are underway to set up a railway station in Kilambakkam by the end of 2024. With three platforms and a skywalk facility, this upcoming railway station will seamlessly connect Kilambakkam and its suburbs with the rest of Chennai.
Also, the Tamil Nadu Government has allocated ₹4,625 crores to extend Metro Rail connectivity from Chennai Airport (Meenambakkam) to Kilambakkam Bus Terminus, with operations expected to begin by 2026. This extension will be a significant advantage for residents of South Chennai.
Kilambakkam is well-equipped with educational and medical infrastructure, including schools, colleges, and hospitals in Tambaram and surrounding areas along GST Road. The suburb's strategic location and facilities make it an ideal choice for families and professionals alike.
With the establishment of the state-of-the-art Kilambakkam Bus Terminus, entertainment spots like malls, fancy restaurants, and other business establishments are rapidly developing to offer a superior shopping and lifestyle experience. Kilambakkam's connection to the industrial belt of Oragadam and the service belt of OMR and Mahindra City promises accelerated commercial growth.
Properties developed in and around Kilambakkam are expected to appreciate significantly in the coming years. Additionally, investors can anticipate strong rental income from properties purchased in the periphery of Kilambakkam, such as Medavakkam.
Investing in villas for sale in Chennai, particularly near Kilambakkam, is a wise decision for investors. Given the current and future growth prospects of Kilambakkam and its neighbouring areas, this locality is poised to become one of the most sought-after neighbourhoods in South Chennai, offering peaceful living with all the essential lifestyle amenities. For any property buyer, choosing to invest in a villa in Chennai near Kilambakkam is a timely and strategic decision.
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