Why Should You Buy Property in OMR?
When people in Chennai talk about real estate, one location always stands out — Old Mahabalipuram Road (OMR). Also known as the IT Corridor, OMR has become one of the fastest-growing property hubs in South India. With its mix of modern apartments, gated communities, IT parks, colleges, and shopping spaces, OMR is more than just a road — it’s a lifestyle destination.
If you are considering buying a property in Chennai, OMR should be high on your list. Let’s look at why OMR is such a strong choice for real estate investment and family living.
Why is OMR a Great Location for Property?
When you buy a home, the location is the most important thing. OMR is an excellent choice for many reasons:
Connectivity
The OMR road connects many parts of Chennai. It links important IT offices, colleges, and housing areas. Soon, the new Metro train will make it even easier to travel and will help reduce traffic.
IT and Business Hub
OMR has many big IT parks and company offices. This makes it a perfect place for people who want to live close to where they work.
Educational Institutions
You can find top schools and colleges along OMR. This is a significant advantage for families with children.
Lifestyle and Entertainment
OMR has everything you need for a comfortable city life, including malls, gyms, restaurants, and movie theatres.
Variety of Housing Options
There are homes for every budget on OMR: simple apartments, comfortable houses in private communities, or very fancy homes.
This makes OMR one of Chennai’s best property locations for buyers and investors.
How Does OMR’s Economy Affect Property Prices?
The growth of OMR is closely tied to Chennai’s IT economy. The presence of IT giants and tech parks has led to steady job opportunities, directly impacting OMR’s property prices.
Stable Demand
With thousands of professionals working in OMR, there’s always a strong demand for housing. Unlike other parts of the city, the demand here doesn’t slow down easily.
If you’re wondering whether buying a home in OMR is a good investment, the simple answer is yes! Here’s why it’s a smart move.
Rising Values
For the last 10 years, the prices of homes and land in OMR have been steadily increasing. Areas like Sholinganallur, Perungudi, and Siruseri are especially popular right now. If you buy a house here today, it will be worth a lot more money.
Rental Opportunities
You can buy and rent a home to earn a monthly income. OMR is a perfect spot for that! Many young people working in the IT parks and families with kids are always looking for a good home to rent. Because of this, you can easily find tenants and earn a reasonable, steady rent.
Affordable Compared to City Centre
Let’s be honest, buying a home in the heart of Chennai can be extremely expensive. But in OMR, you can still find great homes that are more affordable. You get a reasonable price now, with the bonus that its value is expected to grow. It’s the best of both worlds!
To sum it up, buying a home in OMR is a safe and profitable decision. Many people want to live here, which keeps the market stable and makes it a great way to grow your money.
What Amenities Are in OMR?
When you buy property, it’s essential to think long-term. The future of OMR property looks bright for several reasons:
Metro Rail Expansion – The upcoming Metro Rail project is expected to drastically reduce travel times between OMR and other parts of Chennai. This will further increase demand and property values.
Smart City Development – Many parts of OMR are being developed as part of Chennai’s Smart City plans, which means better infrastructure, cleaner surroundings, and more public spaces.
Corporate Expansion – With more IT and tech companies setting up offices along OMR, the demand for housing will continue to grow steadily.
Affordable Luxury – OMR has started offering premium villas and luxury apartments at prices much lower than central Chennai. As demand increases, these prices are bound to rise, making early investment a smart move.
Steady Appreciation – Experts predict that the OMR real estate growth will remain strong for at least the next decade, making it one of the safest and most profitable places to invest in Chennai.
Is OMR a Safe Place for Families?
When you are buying a home, safety is paramount. The good news is that OMR is known as a safe place for families for these reasons:
1. Gated Communities
Many housing areas in OMR have gates with security guards on duty all day and night (24/7). They also have security cameras and systems to check visitors, which helps keep everyone safe.
2. Parks and Open Spaces
OMR is less crowded than other parts of the city and has more open areas. There are parks and gardens where children have a safe space to play.
3. Friendly Neighbourhoods
Since many families live in OMR, there is a strong feeling of community. Neighbours often know each other and help one another out.
4. Schools and Hospitals Nearby
Having good schools and hospitals close by makes life easier and safer. Families don’t need to travel far for essential things.
In short, if you are looking for an excellent place for a family, OMR has many safe and comfortable homes.
FAQ:
1. Why is OMR a good place to buy property?
Because it’s packed with IT hubs, good roads, and growing neighbourhoods.
2. What types of properties can I buy in OMR?
You’ll find everything from budget apartments to luxury villas.
3. Is OMR a good place for families?
It has schools, hospitals, and safe communities for family living.
4. How do IT companies in OMR affect property prices?
They push demand up, which usually makes prices rise.
5. Are there affordable homes in OMR for first-time buyers?
Yes, there are plenty of budget-friendly projects to choose from.
6. Is OMR a good place for long-term investment?
Definitely, as the area is still developing, and values keep growing.
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