OMR–Thriving Location for Investment in Chennai

Well-equipped infrastructure, availability of land parcels, smooth transit facilities are the prime factors for the burgeoning real estate market of Chennai. This is the only city in Tamil Nadu that has witnessed a strong upsurge in real estate within the time span of 4 to 5 years. Some of the prime locations in Chennai have tremendously contributed towards the upliftment of city. One such location is Old Mahabalipuram Road (OMR). If you have decided to invest in Chennai properties, then OMR is the best and lucrative location for investment.

About OMR:
OMR is predominantly known as the IT corridor of Chennai. It is also known as Rajiv Gandhi Salai. OMR is a main road that acts as a link between Madhya Kailash temple in Adyar and East Coast Road via Mahabalipuram. OMR has been declared as the fastest growing corridor in South. OMR is the home of many giant IT/ITes firms. The rising number of IT companies and residential projects has logically influenced the real estate development in OMR. The skyline of OMR makes it one of the posh locations in Chennai. Many renowned developers have come up with stylish residential projects in OMR.

The locality is dominated by IT companies. The IT Corridor project is a government initiative. The Phase I of the zone is widespread for almost 20 kms. This corridor is extensively spread from Tidel Park (Tharamani) to SIPCOT IT Park (Siruseri). It OMR is the home of the prestigious IT Park called Tidel Park which has number of IT/ ITes companies, BPOs.

Why should you make property investment in OMR?
Real estate in OMR have witnessed an unparalleled expansion due to the extension of IT corridors and high end housing projects. Many investors are eyeing this locality as they are assured with good returns on their investment.

Some of the prime reasons to invest in OMR are:

• The property price in this area is quite affordable which attracts many middle- segment homebuyers.
• Infrastructural development, water and sewage facility has helped in the improvement of the area.
• OMR majorly being a commercial zone offers many office spaces for sale as well as for rent. Therefore investing in commercial real estate is a beneficial option. Major commercial projects are coming up in this IT corridor
• Due to proximity to the workplace, many residential projects are coming up in this area. To cater the needs of the working population homes are generally available for rents in OMR. Therefore renting a residential property will surely offer you good returns on your investment.
• The landscape is truly engaging. Owning a sea facing apartment that also at reasonable price is a dream some come true and perhaps a best investment idea.
• The area is surrounded with many reputed educational institutes which again prove to be a positive sign from the investment aspect. Apart from that the locality is also encompassed with numerous retail outlets, hospitals, hotels and other such basic facilities.

More and more residential and commercial projects are coming in OMR; therefore the demand for realty in this area is catching an upward trend. It is certainly one of the best locations in Chennai .The buyers without any second thought can invest in OMR properties and be benefited with valuable returns.