1 BHK Flats in Medavakkam: Price, Demand & Investment Scope

1 bhk flats in medavakkam price demand and investment scope hero

Looking at 1 BHK flats in Medavakkam: price, demand & investment scope helps homebuyers and investors make smart choices in South Chennai’s growing property market. A 1 BHK flat is usually a good starting point for single IT workers, young couples, and small investors who want regular monthly rent. In Medavakkam, a normal 1 BHK flat is between 450 sq. ft. and 700 sq. ft. The price usually starts from ₹25 Lakhs and goes up to ₹55 Lakhs, depending on how old the building is and if it is in a gated community. The high demand for homes here comes from the nearby IT parks on Old Mahabalipuram Road (OMR). However, for future growth and better profits, buyers are now moving toward larger, modern gated communities that offer better safety and higher value. A great example of this new trend is Prestige Falcon City Chennai, a top luxury housing project on the Medavakkam–Sholinganallur Road that is changing how people buy homes in this area.

Market Dynamics: Price, Rental Demand, and Investment Growth in Medavakkam

Medavakkam is located in a great spot that connects the OMR IT road (Sholinganallur, Siruseri) and the busy GST Road (Pallavaram, Chromepet, Tambaram). More than 30,000 IT and hospital staff work within 5 kilometers of this area, which means people are always looking for houses here.

Small 1 BHK flats easily get single tenants who work near ELCOT SEZ and Gleneagles Global Health City. At the same time, the new Chennai Metro Phase II (Line 5) and the upcoming Medavakkam Metro Station are pushing property prices up very fast. Today, smart homebuyers and investors see that buying a slightly bigger 2 BHK or 3 BHK flat inside a big, trusted gated community gives much better profits in the long run. These bigger flats also attract family tenants who stay longer and are much easier to sell later.

Spotlight on Prestige Falcon City Chennai: Complete Project Overview

Built by the famous Prestige Group, Prestige Falcon City Chennai is a huge, luxury gated community located right on the main Medavakkam–Sholinganallur Road (Pin Code: 600100). Instead of building small 1 BHK flats that are hard to sell later, this project offers spacious and well-planned 2, 3, and 4 BHK luxury flats. Every home is built to let in plenty of fresh air and sunlight, giving you great comfort and high future value.

Master Plan & Architectural Highlights

Total Land Area: 23 Acres (with 80% open space filled with green gardens, trees, and parks).
Structure & Towers: 22 tall towers grouped into 11 residential blocks.
Building Elevation: 2 Basements + Ground Floor + 14 Upper Floors (2B+G+14).
Total Inventory: 2,170 luxury flats.
Pre-Launch Rate: Around ₹12,987 per sq. ft.
Timeline: The official launch is planned for December 2026, and the flats will be ready to move into by mid-to-late 2031.

Configurations, Sizes, and Price List

Configuration	Size Range (Sq. Ft.)	Starting Price (Approx.)	Ideal Buyer Profile
2 BHK Flats	1,001 – 1,220 sq. ft.	₹1.30 Cr onwards	Young couples, small families, and IT buyers upgrading from a 1 BHK
3 BHK Compact	1,214 – 1,550 sq. ft.	₹1.57 Cr onwards	Growing families and people working from home who need an office room
3 BHK Large	1,750 – 2,150 sq. ft.	₹1.95 Cr onwards	Families who want big balconies and extra living space
4 BHK Luxury	2,028 – 2,735 sq. ft.	₹2.63 Cr – ₹3.54 Cr	Large or joint families who want full privacy and an extra maid's room

World-Class Amenities & Connectivity

People living at Prestige Falcon City Chennai can enjoy more than 60 fun and useful features, along with a huge 70,000 sq. ft. clubhouse. The project has swimming pools for adults and kids, a modern gym, yoga areas, a mini-theatre, spaces for office work, indoor game rooms, badminton and tennis courts, a 7-acre central park, and 24/7 security guards with video door phones.

Traveling from this project is very easy. It sits right next to Gleneagles Global Health City and is just a 5-minute drive from the upcoming Medavakkam Metro Station. The Sholinganallur IT Hub (ELCOT SEZ, TECCI Park, TCS) is only 5 km away (10 minutes). Velachery is 6.4 km away, Tambaram Railway Station is 8.2 km away, and the Chennai International Airport is an easy 30-minute drive (12–14 km) via the 200 Feet Radial Road.

Frequently Asked Questions (FAQs)

1. What is the average price of 1 BHK flats in Medavakkam?

Normal and resale 1 BHK flats in Medavakkam usually cost between ₹25 Lakhs and ₹55 Lakhs. The exact price depends on the flat size (450–700 sq. ft.), how old the building is, and how close it is to the main road.

2. Why is rental demand so high in the Medavakkam real estate market?

Medavakkam is just 10 minutes away from the Sholinganallur OMR IT parks (ELCOT SEZ) and sits right next to big hospitals like Gleneagles Global Health City. Because of this, thousands of IT and hospital workers look for rented homes here every year.

3. Does Prestige Falcon City Chennai offer 1 BHK apartments?

No, Prestige Falcon City Chennai focuses on spacious family homes. It offers 2 BHK, 3 BHK, and 4 BHK luxury flats sized from 1,001 sq. ft. to 2,735 sq. ft., with prices starting at ₹1.30 Crores.

4. Where exactly is Prestige Falcon City Chennai located?

The project is on the main Medavakkam–Sholinganallur Road in South Chennai (Pin Code: 600100). It is right next to Gleneagles Global Health City and just 5 minutes from the new Medavakkam Metro Station.

5. What is the total land area and tower configuration of Prestige Falcon City Chennai?

The project is spread across 23 acres of land with 80% open green space. It has 2,170 luxury flats across 22 tall towers. Each tower has 2 basements, a ground floor, and 14 upper floors.

6. What amenities are available inside Prestige Falcon City Chennai?

The project offers over 60 lifestyle features. These include a big 70,000 sq. ft. clubhouse, swimming pools, a gym, office work areas, sports courts, a 7-acre park, walking tracks, and 24/7 security.

7. Is it better to invest in a standalone 1 BHK or upgrade to a 2 BHK in Prestige Falcon City Chennai?

A 1 BHK flat costs less to buy at first, but choosing a 2 BHK flat in a big project like Prestige Falcon City Chennai gives you much better property value growth, higher rent from IT families, great building care, and an easier resale in the future.