Madhavaram is an old residential and industrial area in Chennai’s neighbourhood. Surprisingly, the area is going towards significant transformation with TN Tech City. If you are planning to purchase properties in Chennai, you should not miss the chance to buy flats in Madhavaram because this development will open opportunities for employment, infrastructure, etc. In this post, we will talk about the TN tech city. In addition, we will try to figure out how this revolution can help you if you purchase ready to occupy flats in Madhavaram.

TN Tech City - Overview

The government of Tamil Nadu is gearing up for the creation of TN Tech City in Madhavaram. It represents a crucial advancement in the growth of the technology and IT hub industry. Traditionally, these parks are situated in the southern areas of the city, like OMR and SIPCOT. Now, this new tech city is set to attract major tech companies from around the world. It can generate significant employment opportunities and bring economic growth to the region.

They allotted 150 acres of land for this project. As we mentioned earlier, it is designed to attract both global and domestic investors across various sectors, including IT, GCC, and FinTech. Deeptech, etc. Reports revealed that it is going to be the catalyst for the growth in North Chennai, which is an area that was waiting for such development for a long time.

The tech city will give you access to high-end and tech-based office spaces with futuristic social amenities. In addition, this city will also have premium residential and commercial areas. Additionally, the city will feature an innovation hub, centers of excellence, and a top-notch convention center. Moreover, the plans for massive data centres within the tech park in also underway for this area.

Connectivity boost

Purchasing 2 BHK flats in Madhavaram would be highly beneficial due to the presence of TN Tech City and the expansion of connectivity. The expansion of Chennai Metro Rail Phase-2 will include a corridor to Madhavaram, which is expected to empower Tech City by improving connectivity and accessibility.

The Madhavaram Mofussil Bus Terminus (MMBT) is already there for easier transportation. Now, the new metro link will connect the area with various parts of Chennai, like key business and residential areas. Similar to how the development of roads and metro infrastructure boosted areas around SIPCOT, this connectivity is expected to convert this area into an attractive location for residents and businesses.

Impact of TN Tech City on the real estate market

This development is expected to be the magnet for investors in the real estate market. It is going to meet the demand for residential properties in the neighbouring areas. TN tech city will likely boost the values of properties, like new apartments in Madhavaram. It makes early investment in such property highly rewarding. Therefore, now is the appropriate time for people those looking for options to invest in properties in Chennai.

By investing in Madhavaram real estate, you will benefit from the proximity to the biggest tech hub. Furthermore, it is also expected that there would be the creation of supporting infrastructure, like schools, hospitals, etc. This development will further appeal to the locals to live here.

Industrial minister TRB Rajaa mentioned that there would be a connection of the project with the global artificial intelligence (AI). It is developed to use the specialized talent pool of Tamil Nadu, which ensures the state becomes a leader in AI innovation and data-centric operations. This focus on top-notch technology emphasizes the importance of North Chennai as an essential zone for crucial development and happiness.

Real Estate insight and trends

Madhavaram real estate is currently much cheaper than established areas such as OMR and Taramani. Over the decade, the value of properties in such areas has hiked significantly because of the presence of tech hubs and IT parks.

In contrast, you will get the real estate options at an affordable rate. However, experts predict that there will be a major increase in property value in this area, like established areas like Sirusiri, Thrivanmiyur, etc, because of the influx of IT organizations and office space. This will meet the demand for residential and commercial properties,s which could lead to a price hike.

Conclusion

TN Tech City is one of the much-awaited developments in Madhavaram that could attract both domestic and international investors. However, it can also open many opportunities for those who want to purchase affordable properties in Chennai with SilverSky Builders. As per the expert, the value of properties within this region will skyrocket soon. So, it would be best to invest in the real estate option now to get appropriate rewards. Our experts will surely help you find the right investment option as per your needs.

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