#1 acre land for sale in chengalpattu

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Everything You Need To Know About Chennai’s OMR Before Buying Yourself a Property

OMR (Old Mahabalipuram Road) in Chennai also known as Rajiv Gandhi IT Expressway or simply IT Expressway has become the IT Hub of Chennai bustling with Office go-ers and many small businesses. It is the major road connecting Chennai with Mahabalipuram and Chengalpattu district. This area has become a home to many prestigious IT and BPO companies. Based on the development and growth of the OMR road, it was categorized into 2 major zones. Zone-1 is from Madhya Kailash to Sholinganallur and Zone-2 is from Sholinganallur to Kelambakkam. 

In recent years real estate in OMR has been developing and expanding rapidly. The property prices have also witnessed an appreciation about three times what they were in 2007. There are many available Properties For Sale in OMR. The growth of this region fuelled the real estate activity and made this place desirable for potential new homeowners.

Top Reasons to invest in a property located at OMR

    1.INFRASTRUCTURE

The Infrastructure in OMR is well developed by the government by giving priority to sanitation, water supply, sewage lines. It has been organized in such a way as to ease the traffic congestion and increase greenery. These amazing developments have attracted massive builders to build residential apartments and Flats for sale in omr below 70lakhs

   2.PROXIMITY

OMR is the IT Hub of Chennai and almost all big companies have an office located at the OMR. One of the major advantages of living in the area is the proximity it has to the offices, schools, colleges, and recreational centres. Chennai Airport is 30 minutes drive from OMR. It connects to almost all major growing southern suburbs in Chennai. Accessibility to entertainment hubs from OMR is an additional enhancement to your living. 

There are many reputed schools in the OMR surrounding like

Padma Seshadri School

Gateway - The complete School

Delhi Public School

DAV CBSE School

Abacus Montessori School

There are also many reputed and highly qualified educational institutions like NIFT (National Institute of Fashion Technology), Asian College of Journalism, SSN College of Engineering, Hindustan College of Engineering, St Josephs College of Engineering, Sathyabama Deemed University, Jeppiar Engineering College. 

The entire stretch of OMR to Madhya Kailash has great connectivity to the main city. There are also various railway and bus services provided by the government around the area. 

  3.AMAZING RESIDENTIAL PROJECTS

To buy properties in Chennai is not an easy choice to make because of the exorbitant growing prices. To own a premium style apartment inside the city one has to settle themselves to spare at least a crore by minimum. Flats for sale in OMR below 70 lakhs is a great deal for people who don’t want to settle for an average apartment. Properties in OMR offers you the best at low-cost pricing without having to settle down on quality with amazing amenities. Imagine coming home from work after a long hard day and driving back to traffic and a pollution-free environment with serene landscapes and fresh air. Sounds dreamy right? OMR offers such scenic views. Also, ECR is not too far away from the area which also has breathtaking coast-line sights. 

   4.EXCELLENT INVESTMENT OPPORTUNITY

To Buy Properties in Chennai for investment has become a huge deal after the real estate boom that happened 15 years before. Due to its locality and infrastructure, it has become a great investment option for home buyers, multinational companies, real-estate developers, and investors. Within 5 years OMR has seen an appreciation of about 50% and a 21% hike in property value in the year 2014. According to real-estate experts, 1 acre of land in OMR costs around 7,40,00,000 in 2021. So, buying a property now in OMR will ensure that your property gets an immense appreciation in 5-10 years. Even if you are not planning on moving right away to OMR, it is an excellent investment opportunity. The demand for houses in OMR has gone up due to the rise in the number of IT/BPO and several small Companies around the region. A simple 2BHK Apartment could fetch you a rental income of about 18,000 - 20,000 a month. 

   5.RECREATIONAL AND HANG-OUT SPOTS

Various recreational places are available in and around OMR that is remarkable. 

ISCON TEMPLE- This mesmerising place of worship is a quintessential monument to visit with your friends and family. The gorgeous architecture and the stunning interior design oozes charm and divinity when entered you enter the temple. It is opened to people of all castes and religions. The property is a stretch of 1.5 acres and has five floors of stunning architecture. 

DAKSHINA CHITRA- Dakshina Chitra is a live museum of arts, crafts, the lifestyle of south Indian states. It gives a closer insight into the villages of Kerala, Andhra Pradesh, Karnataka and Tamil Nadu. 

BOATING AT MUTTUKADU- The enchanting lake of Muttukadu checks all the boxes when it comes to a perfect evening out with your loved ones. It offers many recreational sports activities from windsurfing and water skiing to rowing and speedboat riding. If you are an adrenaline junkie, you can also opt for a spine-chilling water scooter ride! 

With such impressive recreational activities in and around OMR, and after getting insights about the pros of advantages of investing in OMR it is about time you consider this place for your next real estate investment.