Overview of Madambakkam, Chennai

Madambakkam, a suburb of Chennai in South India, is booming with development. This area combines residential, commercial, and infrastructure growth, proving popular with buyers and renters.

Property Prices and Trends

In Madambakkam, property prices vary but are on the rise. The average price is ₹7,543 per square foot, starting at ₹3,962, and going up to ₹11,454 per square foot. For apartments, the price is about ₹5,500 per sq ft, with 2 BHK flats ranging from ₹38.3 lakhs to ₹60 lakhs, and 3 BHK flats priced more expensively.

Types of Properties

Madambakkam features various properties, including apartments, independent houses, and land plots. You can find houses with 2 BHK, 3 BHK, and 4 BHK, plus modern amenities like parking, meditation rooms, and vaastu-compliant design. Land plots range from 774 to 1411 sqft and come with corporation water, security, and drainage. These plots also belong to gated, CMDA-approved communities.

Rental Options

Let’s talk renting. Renters in Madambakkam get diverse properties. The monthly rent for a 2 BHK house or apartment may range from ₹7,000 to ₹18,000. They often come semi- or unfurnished and are near schools, hospitals, and temples.

Infrastructure and Amenities

Madambakkam is well-connected to Chennai’s major regions and near essential services. Properties here have amenities like security, visitors' parking, corporation water supply, playgrounds, and rainwater harvesting. Plus, the area is close to schools, colleges, hospitals, and other basic services.

Price Appreciation

Investment wise, Madambakkam is growing. Property rates have seen a big rise—up 21.2% in the past year and 39.2% over the last 10 years.

PropertyWala's Conclusion

We can see that Madambakkam in Chennai is a strong choice for those renting or buying. It offers affordability, contemporary amenities, and great potential for property value growth. With excellent connectivity and close proximity to essential services, it’s perfect for the people looking to invest in or live in a suburb that’s quick to develop.