MADHAVARAM
Madhavaram, a zone in Greater Chennai Corporation located between Kolathur (Koyambedu) to Manali on and off the 100’ Jawaharlal Nehru Inner ring road. Madhavaram is an ideal location for factory space for rent in Chennai, warehousing and godowns. CMDA has developed the truck terminal at Madhavaram which is larger than 100 acres
Madhavaram has regions of Kathirvedu , Lakshmipuram , Madhavaram, Madhavaram Milk Colony, Mathur, Ponniammanmedu, Puthagaram, Puzhal, Surapet, Redhills. Manpower and Labour for factories and warehouses are available in the vicinity. Madhavaram is well connected by road and a number of company buses transport employees to and fro various areas as well.
Madhavaram is Chennai’s first Warehousing Hub and is soon to be connected by the Metro rail and is an upcoming residential location. Madhavaram is developing rapidly, realtors and investors are showing increasing interest to invest in this part of the city, making Madhavaram an ideal location to be converted for residential development
The landmark of Madhavaram, the Madhavaram Dairy in Madhavaram Milk Colony, is equipped to handle 5 lakh litres of milk every day. Madhavaram Dairy distributes milk to consumers of North Chennai .Tamil Nadu Veterinary and Animal Sciences University, Central Palmgur and Palm Products Institute ,West Cancer Trust make Madhavaram a star of a suburb. ESPEE IT Park, Bristol IT Park, and Tamil Nadu Industrial Investment Corp. Ltd are located at Madhavaram. Calm, clean roads with lush greenery makes Madharavam an ideal spot for residential projects as well.
The Land values in Madhavaram have jumped from 1 crore per acre in 2006 now to Rs 10 Crs per acre in 2021 thereby making Madhavaram unviable for industrial development today. The Rental valuesare Rs 15 to Rs 25 per sft currently depending on the specification. All these factors makes it ideal to source godown in Madhavaram for Rent / Sale. The locations close to Madhavaram that suit warehousing today with a reasonable financial viability for both landlords (investors) and also tenants with a land value of under 2.5 crores per acre are towards: