Why Buyers Are Moving Towards Medavakkam Apartments

Published On: 1 July 2026

Buyers are moving towards Medavakkam apartments because property rates average an affordable ₹7,277 per square foot, and local home values are growing by 15% each year. This area sits right where the Old Mahabalipuram Road (OMR) IT belt meets the Grand Southern Trunk (GST) highway. Because of this prime spot, tech workers can drive to offices at ELCOT SEZ in just 12 minutes.

Many young families are leaving small, crowded flats in central Chennai to get larger homes with fresh air and green views here. New gated communities like the 23-acre Prestige Falcon City Chennai offer an 80% open green space layout that packed city centers can no longer provide. The new Chennai Metro Rail Phase 2 line is also under construction nearby. This fast train system ensures high rental income and steady long-term cash returns for everyday home buyers.

Road and Metro Links That Add Value to Medavakkam

Fast Travel Paths Connect Local Homes to Major IT Hubs

Medavakkam links directly to the 200 Feet Radial Road and the OMR highway to cut daily office travel times down to 12 minutes for local tech workers. This middle spot also gives drivers a smooth, 30-minute route to the Chennai International Airport. The new Chennai Metro Rail Phase 2 line will bring fast train stations within 1.5 kilometers of most housing gates. These new transit routes make daily travel easy and help nearby businesses grow quickly.

Low Property Rates Make Buying a Home Very Affordable

Average flat prices in Medavakkam stay near ₹7,277 per square foot, which makes these homes 40% cheaper than properties in crowded central city areas. These low rates allow young buyers to get large 2 BHK and 3 BHK flats within a practical ₹1.30 Crore to ₹1.78 Crore budget. Buying here keeps monthly bank loan payments low for young families. It also helps them own a valuable property in South Chennai's top growth zone.

Steady Value Growth Beats Saturated Inner City Markets

Home values across the Medavakkam area show a steady 10.6% to 15% yearly growth trend that beats the slow returns of older city neighborhoods. Huge hiring sprees at nearby tech firms keep bringing new software engineers to the area who need quality housing. Property investors use this high demand to earn a solid 3.5% average annual rental yield. This demand creates a safe, steady stream of monthly rental cash for owners.

Inside the Master Plan of Prestige Falcon City Chennai

A 23-Acre Green Community Gives Families Room to Breathe.

The upcoming Prestige Falcon City Chennai covers 23 acres of prime land along the Medavakkam–Sholinganallur Road and leaves 80% of the ground open for parks and gardens. This large neighborhood moves away from cramped city designs by placing 2,170 luxury homes across 22 separate high-rise towers. The builder uses a tall 2B+G+14 floor design to lift flats far above street noise. This smart layout leaves plenty of ground space for trees, walking tracks, and safe kids' play areas.

Clear Layout Options and Official Pre-Launch Flat Prices

Gated flats in this new neighborhood start at a base price of ₹1.30 Crores for clean, space-saving 2 BHK layouts built for nuclear families. Every single home inside the 22 high-rise towers follows strict Vaastu design rules to welcome bright morning sunlight and continuous fresh air.

Apartment Layout	Super Built-Up Area Size	Current 2026 Flat Price
2 BHK Flats	1,001 sq. ft. to 1,220 sq. ft.	₹1.30 Crores – ₹1.46 Crores
3 BHK Compact	1,380 sq. ft. to 1,550 sq. ft.	₹1.57 Crores – ₹1.78 Crores
3.5 BHK Large	1,750 sq. ft. to 2,150 sq. ft.	₹1.95 Crores – ₹2.29 Crores
4 BHK Luxury	2,450 sq. ft. to 2,735 sq. ft.	₹2.63 Crores – ₹3.54 Crores

Green Features and Large Luxury Clubhouses Raise Living Standards

The neighborhood features a huge 70,000 square foot luxury clubhouse with 60 open amenities, including a private swimming pool built right on the roof. The buildings use advanced wildflower green roofs as natural insulation blankets to lower indoor heat during hot summer weeks. Home buyers can submit official Expressions of Interest forms starting November 25, 2026, before the official public launch on December 15, 2026. Final home handovers will take place on December 31, 2031.

FAQs

1. Why are buyers choosing Medavakkam apartments over central city homes?

Medavakkam offers lower average property rates of ₹7,277 per square foot along with fast road links to major IT parks and new Phase 2 metro lines. This allows families to buy larger homes with big green parks that cost too much money in crowded central city areas.

2. Where exactly is the Prestige Falcon City Chennai property located?

This high-rise luxury township sits directly on the Medavakkam - Sholinganallur Road, South Chennai, Tamil Nadu 600100, right next to the Gleneagles Global Hospital.

3. What is the total land area and open space ratio of this gated community?

The entire new residential project covers 23 acres of land and keeps 80% of that total space open for green lawns, public parks, and outdoor sports areas.

4. When are the official booking, launch, and handover dates for this project?

The Expression of Interest phase starts on November 25, 2026, followed by the public launch on December 15, 2026, with final home possession set for December 31, 2031.