North Chennai Residential Market : Madhavaram Area Round Up..

Madhavaram   located   along   the   Great  Northern Trunk Road (also known as NH 5 or Chennai - Kolkatta Highway) and the Chennai  Bypass road is known for the Aavin milk dairy and  mango  groves.  The  locality  has  good  future  prospects  as  the  government  owns major chunk of the land here and the area is  likely to remain green with minimal scope for  unorganised real estate development.
Because of its location, easy access to Chennai  city, port and railways - CMDA developed a truck terminal here in 1992. The area often  faces heavy traffic due to the trucks parked on  the road.
Some of the other issues that the locality currently faces are - lack of adequate public transport facility, proper drinking water and poor sewage network. The Madhavaram Lake faces consequences of poor drainage and has been highly polluted over the years.
Compared to South and West part of Chennai, properties in North Chennai are reasonably priced and improvement in connectivity and infrastructure would lead to steady growth in the area
Src: IndiaProperty.com
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