If you are considering purchasing properties in South Chennai, keep your eyes open to attain the most profitable deals. The 45-km extended IT Corridor (Old Mahabalipuram Road), at present named Rajiv Gandhi Salai is the most significant road connecting Chennai with Mahabalipuram. The upcoming residential developments at several stages make OMR flats for sale as one of the perfect destinations for investment. In past 5 years, OMR has witnessed a capital value appreciation of around 50 %. Since its inception in 2008, OMR has turn out to be residence to several IT/ITES companies. The surge in commercial doings has also brought following expansion on the property prices in OMR, which made the property purchasers to invest on this locality.
Supply:
Locality facing an over-supply of residential flats and therefore stagnant flat prices in OMR, most of the property developers are resorting to discounts and bargains to appeal the home buyers. Locality guarantees huge returns and also having price value appreciation of 15% every year in the property prices in OMR. From multi-storied apartments to duplex apartments and from pent houses to independent villas, OMR provides a wide variety. The cost of 2BHK apartments for sale in OMR Road Chennai of 1200 sq. ft. is ranging from Rs. 45 lakh, whereas the 3 BHK ranges from 55-70 lakh. Apart from this, region also boasts more supply of rental residential units. Among these, there is a demand for 2 BHK units. Regions has been faced various upward and downward swing in the real estate trends. Currently, the property prices in OMR are ranging from Rs. 3916 per sq. ft.
Transportation:
Connectivity is the leading factor driving the flat prices in OMR. OMR is easily connected to rest of the city through all public modes of transport. Chennai International Airport is positioned approximately 22 km from OMR and Chennai Central is around 24 km from this area. Owing to this connectivity some people are making their stay at flats in Velachery for sale. The MTC operates almost 400 trips on this location every day, plans to enlarge the facility through hosting more number of air-conditioned buses. Southern Railways has planned to lay a new line to connect Chennai through Pondicherry and Cuddalore. The major reason for the impact of the flat prices in OMR is due to this connectivity.
Infrastructure:
The social and physical infrastructure of OMR is technologically advanced. Already, OMR is a home to the prestigious TIDEL Park and a lot of BPO and IT/ITES corporations. The residents of the OMR flats for sale are mainly the IT couple. Most prominent institutes such as Jeppiaar Engineering College, MNM Jain College of Engineering, Sathyabhama Deemed University, Anand Institute of Technology, etc. are located along the OMR.
Reader’s Take:
Therefore, if you are an end user and want to lead hustle free life, then OMR could be your choice.
Locality facing an over-supply of residential flats and therefore stagnant flat prices in OMR, most of the property developers are resorting to discounts and bargains to appeal the home buyers. Locality guarantees huge returns and also having price value appreciation of 15% every year in the property prices in OMR. From multi-storied apartments to duplex apartments and from pent houses to independent villas, OMR provides a wide variety. The cost of 2BHK apartments for sale in OMR Road Chennai of 1200 sq. ft. is ranging from Rs. 45 lakh, whereas the 3 BHK ranges from 55-70 lakh. Apart from this, region also boasts more supply of rental residential units. Among these, there is a demand for 2 BHK units. Regions has been faced various upward and downward swing in the real estate trends. Currently, the property prices in OMR are ranging from Rs. 3916 per sq. ft.
Transportation:
Connectivity is the leading factor driving the flat prices in OMR. OMR is easily connected to rest of the city through all public modes of transport. Chennai International Airport is positioned approximately 22 km from OMR and Chennai Central is around 24 km from this area. Owing to this connectivity some people are making their stay at flats in Velachery for sale. The MTC operates almost 400 trips on this location every day, plans to enlarge the facility through hosting more number of air-conditioned buses. Southern Railways has planned to lay a new line to connect Chennai through Pondicherry and Cuddalore. The major reason for the impact of the flat prices in OMR is due to this connectivity.
Infrastructure:
The social and physical infrastructure of OMR is technologically advanced. Already, OMR is a home to the prestigious TIDEL Park and a lot of BPO and IT/ITES corporations. The residents of the OMR flats for sale are mainly the IT couple. Most prominent institutes such as Jeppiaar Engineering College, MNM Jain College of Engineering, Sathyabhama Deemed University, Anand Institute of Technology, etc. are located along the OMR.
Reader’s Take:
Therefore, if you are an end user and want to lead hustle free life, then OMR could be your choice.