Medavakkam is a south Chennai locality between Sholinganallur/OMR (8 km) and Velachery Metro (6 km), offering OMR-adjacent access without Sholinganallur's premium pricing. 2 BHK apartments cost ₹52–72 lakh (₹5,500–7,000/sqft), renting for ₹13,000–20,000/month, with 12–15% appreciation over the past 24 months and a 3.4–3.9% rental yield.
Quick answer: Medavakkam's pitch is affordable proximity — it sits close enough to Sholinganallur and Perungudi to capture their IT-employee rental demand, but at prices well below those OMR hotspots since it isn't directly on the IT corridor itself. That positioning has made it one of south Chennai's strongest mid-segment performers, appreciating 12–15% over just 24 months while keeping vacancy under 8%. Medavakkam–Mambakkam Road gives a 20-minute run to the airport via GST Road, and Velachery Metro is a 6 km connector into the wider rail network. It's an especially good fit for investors targeting the Sholinganallur/Perungudi IT rental workforce at an entry price meaningfully below the IT corridor itself.
Overview of Medavakkam, Chennai
Medavakkam is a rapidly growing residential locality in south Chennai, positioned between the IT powerhouse of Sholinganallur (OMR) to the northeast and Velachery to the northwest. This strategic location — within commuting distance of both the OMR IT belt and central south Chennai — has made Medavakkam one of the fastest-appreciating mid-segment localities in the city. The area has seen a surge of new apartment developments as buyers seek OMR-adjacent pricing without paying Sholinganallur premiums.
Property Prices in Medavakkam 2026
| Type | Price Range | Size (sqft) | Rate/sqft |
|---|---|---|---|
| 2 BHK Apartment | ₹52L–₹72L | 900–1,150 | ₹5,500–₹7,000 |
| 3 BHK Apartment | ₹72L–₹88L | 1,300–1,600 | ₹6,000–₹7,200 |
| Independent Villa | ₹90L–₹1.50Cr | 1,500–2,500 | Land-driven |
Key Highlights
- Prime location — 8 km from Sholinganallur OMR, 6 km from Velachery Metro
- Medavakkam–Mambakkam Road provides direct GST Road access (20 min to airport)
- Growing social infra: schools, hospitals, supermarkets rapidly adding in last 3 years
- Schools: Vels Vidyashram, Sai Ram Vidyalaya nearby
- Hospitals: Kauvery (8 km), Sri Ramachandra (25 km via ORR)
- Multiple RERA-registered gated communities by established builders
Connectivity & Infrastructure
Medavakkam connects to Velachery via Medavakkam Main Road (4 km) and to Sholinganallur via Medavakkam–Sholinganallur Road (7 km). The Inner Ring Road (Bypass) gives access to Tambaram and the airport. Velachery Metro is the nearest rail hub (6 km). Medavakkam–Mambakkam Road connects south to the GST Road belt.
Investment Outlook 2026
Medavakkam has appreciated 12–15% over 24 months — one of south Chennai's strongest mid-segment performers. IT employee rental demand (Sholinganallur, Perungudi commuters) keeps vacancy under 8%. 2 BHK rents: ₹13,000–₹20,000/month, yielding 3.4–3.9%. An excellent buy for investors targeting the IT workforce rental market at an affordable entry price.
