Buying Property in OMR, Chennai

Are you looking for 2 & 3 BHK apartments in OMR Chennai? Chances are, it is a good bet since real estate prospects are looking up along the Old Mahabalipuram Road or OMR stretch, one of the city’s most coveted residential housing destinations. Demand will continue to grow since the locality is witnessing several infrastructure projects which are keeping overall growth momentum intact. The OMR skyline is rapidly changing and it is steadily transforming into one of the most posh neighborhoods in the city and the Government has prioritized infrastructure development including proper sewage and water connections here.

There are big ticket projects and landmarks nearby including the TCS office at Siruseri SIPCOT which is the company’s biggest building in Asia, the Financial City at Sholinganallur and the Sports City which spreads over 1, 500 acres. There is the New Bypass which will link Egatore to Thaiyur beyond the Kelambakkam Junction along with 5 flyovers at strategic points right from Tidel Park to Siruseri. OMR offers good proximity to major IT hubs and business zones and also the city center.

There are multiple residential townships coming up here which will spark further infrastructural development in the near future. There are several reputed educational institutions in and around the neighborhood including the Padma Seshadri School, Abacus Montessori School, Gateway- The Complete School, PSBB Millennium School, Delhi Public School, DAV School, Hiranandani Upscale School, Deva Annai Matriculation School, Headstart School and the Sushilhari International Residential School among others.

The fact is that the real estate segment of Chennai is presently at its peak and changing at a fast pace. These days, the city is said to be flaunting a completely new look, especially with the emergence of numerous high-end commercial sectors and luxury residences being launched every now and then in almost every part of this magnificent and one of the most important metropolitan capital of the country. OMR is the link to Chennai’s IT corridor and the availability of huge land parcels in Phase 2 of this corridor will ensure that development continues in the entire area. Property prices are still reasonable in OMR and one can get a sea facing apartment here without breaking the bank. Thousands of new jobs are also being created in the IT corridor which will lead to increased housing demand over the future and there will be a natural increase in returns from property investments in this stretch.

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