Velachery Neagr Madipakkam In Apartment Rudraksh HousingFree Ad ₹ 65.65

Located well inside the limits of the city and having easy access to the IT hub of OMR (Old Mahabalipuram Road), thus raising the demand for flats. This locality has the advantage of being the center to most amenities and offices. It is very close to Chennai Airport and stations like Mass Rapid Transit System and St. Thomas Mount Railway Station. Apart from the connectivity to OMR and other IT corridors, other reason why people are investing in Madipakkam real estate is the presence of good education institutions and hospitals. Infrastructure developments such as MRTS expansion, connectivity to GST Road and the metro rail project at St. Thomas Mount is enhancing booming property rates here. When considering the advantage of proximity to IT corridor and OMR, good education institutions, one can easily prefer this area for investment. Also the Metro Rail project is an added advantage and can shoot up the price of real estate very soon. The ROI (Return on Investment) has witnessed an increase of 4 to 12% q-o-q. Average prices in this locality range from Rs. 6,000/- to 7,200/- per sq. ft. land prices are Rs.3,200/- to 7, 500 per sq. ft. The growth rate in this area is 7 %.