overview of omr, the real estate pillar of chennai
DESCRIPTION
Ever since technology parks have set up in OMR, the demand for housing has risen to the zenith. Due to the soaring popularity of OMR, the adjoining areas too have begun to receive maximum attention.TRANSCRIPT
When Real Estate in Chennai started gaining momentum and attracted interests of
premium builders and investing public, the Old Mahabalipuram Road, OMR was the
first locality besides the Central Business District (CBD) to weave its magic wand.
Very naturally, Chennai extended its geographical reach to the scenic, pleasant, less
congested and beautiful OMR, a simple transition that brought a lifestyle of change
to the city. A large number of modern buildings suddenly sprouted in OMR and
adjoining regions of OMR. Real Estate in Chennai has thereafter jumped to a new
path of rapid development and progress. OMR has never stopped growing since.
When property developers first set foot in OMR, little did they realize the potential
the region had to offer?
Today, the builders in Chennai OMR circle belong to a niche segment,
specializes in the construction of modern homes with aesthetic appeal, urban
amenities and high ROI. The Real Estate builders in OMR build exquisite homes that
have the luxury of space, convenience and beauty. Besides, these are also Eco-
friendly paradises since they are away from the hustle and bustle of city. Both
residential and commercial projects in OMR are tastefully designed, meticulously
executed with exceptional resources, splendid architectural style and delivered to
the customer in harmony.
The Pillars of OMR
IT corridor
Needless to say, commercial activity and scope of employment opportunity drive the
population of any city to settle down where their livelihood is. OMR makes the IT
corridor of Chennai. Ever since technology parks have set up in these regions, the
demand for housing has risen to the zenith. There continues to be a seamless and
consistent demand for residential properties in OMR, leading the highest demand
among rental homes and flats for sale in Chennai. Because of the soaring popularity
of OMR, the adjoining areas too have begun to receive maximum attention.
Commercial growth at OMR contributed to the growth of the region’s infrastructural
facilities and development of residential communities. Builders in Chennai focus on
the construction of a wide variety of residential properties that include luxury
apartments, sprawling villas, budget homes and spacious farmhouses. Homes and
properties here are more affordable when compared to the sky rocketing prices of
Chennai city.
Scenic beauty
People, will any day prefer to stay in a beautiful home surrounded by exotic natural
beauty. OMR is blessed with a scenic coastline, beautiful roads, fresh air, free lung
space and a serene environment. The serene coastline offers breathtaking sights of
the sea and furthers the beauty of the region. In a day and age, where you want to
escape from pollution, congestion, traffic, lack of greenery and poor health, OMR
serves as a refresher and hence presents no surprise when it comes to the rising
demand for housing here. With all these and the very scenic coastline to offer, there
is no wonder why OMR is celebrated at a status unlike even the CBD.
And better connectivity to Chennai’s Central Business District is yet another reason
for people shifting to OMR. Further, the region has turned self-sufficient in every
sense of the word.
The Price factor
Thinking of Real Estate in Chennai, the very first thing to strike our mind will be the
exorbitant prices in the CBD. The heart of Chennai is today a little far-fetched even
for the affluent. This leaves a whopping percentage of population to shift interests to
suburban locations where price combines with other amenities to make investment
worthwhile. Properties in OMR have therefore emerged as hot cakes. Those who
invested in properties a few years ago are today sitting on multiples of their initial
investment.
As Chennai keeps expanding, several suburban markets have begun to come under
the purview of industries, Real Estate developers and investors alike. The modern
Real Estate investor prefers to invest in OMR over many other regions of the city.
Proximity to a number of facilities and areas make OMR the right location to work
and stay. Today, these areas have several luxury apartments that offer great rental
prospects in the short run and huge capital appreciation in the long run.
Urbanization
As the population moves to suburban localities in search of land, career and living,
urbanization has become the need of the hour. Since 2005, several thousands of
families have shifted their base to OMR. The Government of Tamil Nadu has made
big inroads in infrastructure and has better plans for the future. The flats for sale in
Chennai OMR circle offer the best amenities.
OMR is one of the most important locations of Chennai that has witnessed larger-
than-life developments in the recent past. What was once a vast stretch of area lined
by the beautiful coast and beaches on one side and resorts scattered around is today
home to a number of IT organizations, sprawling farmhouses, beautiful apartments,
contemporary integrated townships, state-of-the-art hospitals, large shopping malls
and international schools. OMR, the priceless jewel of Real Estate in Chennai.
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