Madambakkam, away from the hustle and bustle of the city, is a place where one can still find peace, clean air and pure water. Located in the southern part of Chennai, this is a panchayat town in Kancheevaram district and is just 5 km away from Tambaram. One of the major attractions of this place is the ancient Dhenupureeswarar Temple, which attracts worshippers from all over the city. Madambakkam was also known as Dhenupuri which means ‘a place that provides for all your needs’.
The locality is connected to Tambaram via share auto and MTC buses. The buses which pass through Madambakkam go to villages like Mappedu, Nuthachery, and Vengaivasal. The nearest rail station is Tambaram Railway Station, which is the main mode of transport for the residents of Madambakkam. The Madambakkam High Road, which connects Tambaram to OMR Medavakkam Junction, is the gateway to the IT world; thus the increased demand for Madambakkam flats. The area is surrounded by Tambaram, Velachery, Gundavancheri and Chitlapakkam.
Reputed schools like Kendriya Vidyalaya, Zion Matriculation Higher Secondary School, NSN Matriculation Higher Secondary School, Loyola Matriculation School, St. Marks Matriculation School and Mayfield Residential School are in neighbouring localities. One can find a hub of engineering colleges near this locality, like Bharat Engineering College, Sairam Engineering College, Dhanalakshmi College of Engineering, Jerusalem Engineering College and Sri Lakshmi Ammal Engineering College. Madambakkam plots are in demand to create hostels and labs for these engineering colleges. Apart from schools and colleges, there are good restaurants in neighbouring areas like Tambaram and Velachery.
Real Estate Growth
After the inception of Mahindra City, MEPZ and Sriram IT Park which host multinational companies like Infosys, Cognizant, Capgemini, Wipro, Sanmina, HCL, Covansys, CSC Corp, HTC, Accenture, Mobius, Redington and Mahindra Satyam among others, this area has come to the attention of builders in Madambakkam. Another reason for the real estate growth is that there is no shortage of water – ground water is available at a depth of 10 feet. The serene beauty and neatly-laid roads add to the advantage and encourage investors to invest in flats in Madambakkam. The builders in Madambakkam who have already established themselves are MK Constructions, Lakshmi Constructions, Priyanga Constructions and Kaaninilam Real Estate. One can find row houses and apartment cropping up in this area. Few of the ongoing projects in this locality are Kgeyes Samyukta Courtyard by Kgeyes Residency, SPS Brownstar Apartments by Brownstar Developers, Sri Sai Nest and Gayatri Garden by Sridevi Builders.
The average price for a flat for sale in Madambakkam may cost approximately between Rs. 3700 – 4500 per square foot. The plots for sale in Madambakkam are priced at Rs. 1250 to 3500 per square foot depending on the facilities. Rent for an apartment is between Rs. 8-10 per square foot.
Considering the rates, this locality continues to be a haven for middle-class sections who can afford to purchase a property, taking into account the infrastructure and the proximity to the IT corridor.