overview of omr, the real estate pillar of chennai

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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.

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Page 1: Overview of OMR, the Real Estate Pillar of Chennai
Page 2: Overview of OMR, the Real Estate Pillar of Chennai

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?

Page 3: Overview of OMR, the Real Estate Pillar of Chennai

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.

Page 4: Overview of OMR, the Real Estate Pillar of Chennai

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.

Page 5: Overview of OMR, the Real Estate Pillar of Chennai

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

Page 6: Overview of OMR, the Real Estate Pillar of Chennai

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.

Page 7: Overview of OMR, the Real Estate Pillar of Chennai

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.

Page 8: Overview of OMR, the Real Estate Pillar of Chennai

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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