Infrastructure Developments Shaping Medavakkam–Sholinganallur Road’s Real Estate Future

The main infrastructure developments shaping Medavakkam–Sholinganallur Road’s real estate future are the new Chennai Metro Phase 2 (Corridor 5), new flyovers at busy road crossings, wider roads, and easy links to the 200 Feet Radial Road and Old Mahabalipuram Road (OMR). These new metro and road works have turned this quiet part of South Chennai into a popular place to buy a home. Because it now takes less time to reach big IT parks in Sholinganallur and the Chennai Airport, more people want to live here. This is bringing good rent for owners and a steady rise in home prices.
Why the Medavakkam–Sholinganallur Corridor is Growing
South Chennai has grown very fast in the last ten years. The Medavakkam–Sholinganallur road acts as the main link between the IT highway (OMR) and GST Road. Older OMR areas like Perungudi and Thoraipakkam are now very crowded and costly. In comparison, this connecting road gives buyers more open space, greener surroundings, and lower prices.
Both families and property investors are buying homes here because the area is growing due to real road and metro work, not just market talk.
Key Transit and Civic Upgrades Driving Demand
Good roads and public transport always increase property value. Several big government projects are making daily travel easier on the Medavakkam–Sholinganallur road:
- Chennai Metro Phase 2 (Corridor 5): This metro line runs from Madhavaram to Sholinganallur and is the biggest boost for the area. New metro stations at Medavakkam Koot Road, Medavakkam Junction, Perumbakkam, Classical Tamil Institute, and ELCOT Park will help people travel fast without getting stuck in traffic.
- Road Widening and Junction Flyovers: New highway work and flyovers have reduced traffic jams at the Medavakkam and Sholinganallur crossings. Wider roads and service lanes now make driving to Velachery, Tambaram, and Siruseri much smoother.
- 200 Feet Radial Road Link: Easy access to the Pallavaram–Thoraipakkam 200 Feet Radial Road lets people reach the Chennai Airport (12 km away) in 25 to 30 minutes and Tambaram Railway Station in 15 to 20 minutes.
- Civic and Drainage Improvements: Along with road work, the Greater Chennai Corporation (GCC) is building better rainwater drains, underground power cables, and bright street lights across Medavakkam and Perumbakkam to keep the area safe and clean all year.
Proximity to IT Parks and Job Hubs
A housing area grows well when good jobs are nearby. The Medavakkam–Sholinganallur road ends right at the Sholinganallur crossing, keeping homes just 5 to 12 km away from South Chennai’s biggest IT parks:
- ELCOT SEZ (Sholinganallur): Located just 5 km away, with top IT companies like Wipro, Cognizant, HCL, and Tech Mahindra.
- Perungudi and Tharamani Tech Belt: Global Infocity (8.1 km) and Tidel Park (12 km) are just a 15 to 25-minute drive away.
- SIPCOT IT Park (Siruseri): Located about 10.5 km down OMR, offering thousands of IT jobs.
Over 30,000 IT workers travel to these offices every day. Because of this, gated apartments on this road easily find tenants and rarely stay empty.
Social Infrastructure: Schools, Healthcare, and Retail
Good roads are most useful when schools, hospitals, and shops are also close to home. Everything a family needs is within 2 to 5 km of this road:
- Healthcare: Gleneagles Health City in Perumbakkam is right on this main road. Dr. Kamakshi Memorial Hospital and Apollo Cradle are also close by.
- Education: Children can easily go to top schools like BVM Global, PSBB Millennium School, HLC International, St. John’s Public School, and Velammal Vidyashram.
- Shopping and Nature: Big malls like Vivira Mall, The Marina Mall, and Phoenix Marketcity are a 15 to 25-minute drive away. For fresh air and nature, the Nanmangalam Reserve
Forest is just 1.5 km from Medavakkam.
Prestige Falcon City Chennai: A Landmark Township on the Corridor
A great example of how these new roads are bringing top builders to the area is Prestige Falcon City Chennai. Built by the famous Prestige Group right on the Medavakkam–Sholinganallur Road (near Gleneagles Global Health City), this huge 23-acre gated project shows how fast the local market is growing.
- Master Plan and Open Space: The project has 22 tall towers (14 floors each) with 2,170 Vaastu-friendly flats. About 80% of the land is left open for green gardens, parks, and walking paths.
- Home Configurations and Pricing: Made for both small and big families, it offers 2, 3, and 4 BHK flats sized from 1,001 sq. ft. to 2,735 sq. ft. Prices start from ₹1.30 Crore and go up to ₹3.54 Crore.
- Lifestyle Amenities: Residents get a huge 70,000 sq. ft. clubhouse with over 60 features, including swimming pools, a yoga room, a mini theatre, gyms, and play areas for kids.
- Location Advantage: It is just 1.5 km (about 5 minutes) from the upcoming Medavakkam Metro Station and 5 km from ELCOT SEZ. Families can enjoy a quiet, green home while staying very close to their offices.
Real Estate Market Trends and Price Comparison
When we compare home prices in South Chennai, the Medavakkam–Sholinganallur road is much more affordable than crowded OMR areas and offers better chances for future price growth.
| Market Metric | Medavakkam–Sholinganallur Road | Central OMR (Perungudi / Thoraipakkam) | Sholinganallur Core |
|---|---|---|---|
| Average Price (per sq. ft.) | ₹6,700 – ₹10,800+ | ₹9,000 – ₹12,000+ | ₹12,500 – ₹13,500 |
| 5-Year Price Growth | 34% – 37% | 20% – 25% | 25% – 30% |
| Annual Appreciation | 8% – 15% | 5% – 7% | 6% – 8% |
| Dominant Housing Type | Big townships, 2, 3 & 4 BHK flats | Small, crowded apartment blocks | Offices and tall flats |
Because top builders are launching big gated projects like Prestige Falcon City Chennai on this road, buyers can get bigger flats and better clubhouses for a lower price than in central OMR.
Frequently Asked Questions (FAQs)
1. How will Chennai Metro Phase 2 impact property prices here?
Corridor 5 will bring metro stations to Medavakkam, Perumbakkam, and Sholinganallur (ELCOT). Easy metro travel saves time and is expected to raise property prices by 12% to 15% every year as the metro gets ready.
2. What makes Prestige Falcon City Chennai a popular choice on this road?
Prestige Falcon City Chennai is a 23-acre gated project on Medavakkam–Sholinganallur Road offering 2, 3, and 4 BHK flats with 80% open green space, a 70,000 sq. ft. clubhouse, and a 5-minute drive to the upcoming Medavakkam Metro Station.
3. What is the current property price on Medavakkam–Sholinganallur Road?
Regular apartment prices range from ₹6,700 to ₹8,200 per sq. ft., while luxury gated projects start around ₹10,800 per sq. ft. (₹1.30 Crore onwards for a 2 BHK).
4. How far is the corridor from major IT parks?
The road goes straight to the ELCOT SEZ in Sholinganallur (about 5 km away) and is a 15 to 25-minute drive from Perungudi, Siruseri SIPCOT, and Tidel Park.
5. Is Medavakkam–Sholinganallur Road good for rental income?
Yes. Over 30,000 IT workers travel to nearby OMR tech parks daily, so gated apartments on this road always have high demand from working families and tenants.
6. How long does it take to reach Chennai Airport from this road?
Chennai International Airport is about 12 km away and takes 25 to 30 minutes to reach via the 200 Feet Radial Road.