Chennai
Medavakkam has evolved into a key residential hub in Chennai, currently seeing an average property rate of ₹7,950 per sq ft. The market demonstrates consistent growth, evidenced by a steady rise in location rates over the past few quarters. Buyers are presented with a balanced mix of inventory, where villa segments are currently priced at a premium compared to apartment units. With significant activity in new launches and a stable base of ready-to-move projects, the area caters to a wide spectrum of home seekers and investors.
As of June 2026, the average asking price in Medavakkam stands at ₹7,950 per sq ft. This figure reflects an appreciation of 3.25% compared to the previous period, signaling a steady demand for residential properties in this locality.
Property rates in Medavakkam have shown an upward trajectory, moving from ₹7,550 per sq ft in September 2025 to ₹8,150 per sq ft as of June 2026. This consistent growth indicates sustained buyer interest and a strengthening real estate market in the area over the past nine months.
As of June 2026, villas in Medavakkam command a premium with an average price of ₹8,550 per sq ft, while apartments are priced at an average of ₹8,150 per sq ft. Both property types have experienced an identical appreciation of 2.66% over the observed period, reflecting balanced growth across these popular residential segments.
Property rates in Medavakkam vary significantly based on the project status as of June 2026. Partially Ready To Move projects currently command the highest rates at ₹7,600 per sq ft, having seen a notable appreciation of 11.88% compared to the previous period. Conversely, Ready To Move units are priced at ₹5,750 per sq ft, reflecting a depreciation of 5.64%, while Under Construction projects remain stable at ₹5,400 per sq ft with 0% change, offering a different entry point for investors and end-users.
As of June 2026, Casa Grande Silver Oak leads the market in Medavakkam with a listing rate of ₹11,750 per sq ft, marking a significant appreciation of 20.53% compared to the previous period. Other premium projects include Navins Starwood Towers at ₹9,750 per sq ft, which appreciated by 18.47%, and RWD Palm at ₹9,100 per sq ft, which has maintained stable pricing with 0% change over the same timeframe.
When evaluating projects like Navin's Springfield, which is currently listed at ₹6,950 per sq ft as of June 2026, buyers should note the 6.5% depreciation recorded compared to the previous period. This downward movement suggests a potential opportunity for value-conscious buyers to enter the market at a lower price point compared to premium developments in the same locality.
TVS Emerald Aaranya, with a current listing rate of ₹8,600 per sq ft as of June 2026, has shown an appreciation of 16% compared to the previous period. This strong growth trajectory indicates high demand and investor confidence in the project, positioning it as a potentially lucrative asset for those looking for capital appreciation in Medavakkam.
As of June 2026, New Launch projects in Medavakkam are priced at an average of ₹5,650 per sq ft, which reflects a depreciation of 4.77% compared to the previous period. This pricing adjustment in the new launch segment may be attributed to developers recalibrating entry prices to attract fresh demand in a competitive market environment.
