OMR is one of the fast growing real estate hotspots in Chennai and is attracting considerable demand from buyers in the affordable and mid-range segments although there are higher priced properties available here as well. OMR already has excellent connectivity to several major destinations in the city and is home to several leading offices and other commercial establishments. The growth of the commercial sector along this stretch has naturally given a fillip to the increasing demand for residential housing here.
What sets OMR apart is that the locality is home to major Special Economic Zones (SEZs) in addition to big IT and ITeS business parks and offices which offer employment to innumerable people. This has sparked high housing demand in turn amongst working professionals who wish to stay in close proximity to their offices. OMR is also well connected to several well-known shopping malls and other social amenities like leading hospitals and educational institutions.
There is great road connectivity via the ECR and OMR alike while the proposed Phase-2 of the Chennai Metro should definitely transform this stretch into one of the hottest realty markets in the city on account of skyrocketing demand. This major infrastructural improvement should be a major boon for those investing in OMR with the hope of garnering future returns. The Chennai International Airport is located approximately 38 kilometres away from OMR while the railway station is located 45 kilometres away from the area.
It takes just a kilometer to access the National Highway which ensures seamless connectivity for residents at present. The area is home to more than 20 schools and 16 hospitals while there are several grocery stores, restaurants, petrol pumps and banks here for the convenience of residents. The prices are relatively reasonable and there is abundant housing supply available for buyers. One can find 1, 2, 3 and 4 BHK properties here at prices ranging between Rs. 30 lakh and Rs. 1.7 crore depending on the configuration and type of project that is sought.
