3 BHK Flats & Apartments for Sale Under 1.5 Crore in Medavakkam, Chennai

A: You can find a mix of apartments, gated community flats, and affordable housing units, Aishwarya Properties Aishwarya Gardens, Balchandra Iris, Balchandra Iris, Sri Ayyan Royal, offered by reputed developers in this price range.

A: Yes, Medavakkam has multiple ready-to-move 3 BHK flats under ₹1.5 Crore including Balchandra Iris, Pace Aagam, Malles Ahaana, Sri Ayyan Royal, ideal for buyers looking for immediate possession.

A:Several newly launched projects in Medavakkam offer 3 BHK flats under ₹1.5 Crore. These often come with modern amenities and attractive pre-launch offers.

A: Typically, 3 BHK flats under ₹1.5 Crore in Medavakkam offer built-up areas ranging from 1481 sq.ft to 1862 sq.ft, depending on the project and developer.

A: Basic amenities like power backup, security, lifts, parking, and children's play areas are commonly available, even in budget projects.

A: Yes, Medavakkam is considered a strategic residential hub due to its connectivity, growing infrastructure, and demand from IT professionals and families.

A: Many reputed developers, include Balchandra Builders, Pearl Constructions, Pearl Constructions, Sri Ayyan Homes, have launched affordable housing projects in Medavakkam, offering reliable construction quality and timely delivery.

A: Yes, banks and financial institutions like HDFC Bank, SBI Bank, Axis Bank, ICICI Bank, Tata Capital and Reliance Capital offer home loans for properties in this price segment, subject to eligibility.

A: The average price per sq.ft for 3 BHK flats in Medavakkam is around ₹6926, with prices typically ranging from ₹5500 to ₹7534. The exact rate varies based on the project's location, construction stage, and the builder’s profile.

A: Rental income from a 3 BHK flat in Medavakkam can range between ₹10,000 to ₹20,000 per month, depending on the property's location and amenities.

A: Yes, most projects listed in this budget segment in Medavakkam are RERA-approved, ensuring transparency and legal compliance.

A: Medavakkam typically offers good access to city bus services, nearby metro stations (if applicable), and key roads or highways.

A: Yes, many budget-friendly 3 BHK flats in Medavakkam include dedicated or common car parking, though it may vary by project.

A: Most residential areas in Medavakkam are well-connected to schools, hospitals, and daily essentials, making it ideal for families.