Old Mahabalipuram Road (OMR) has transformed from a quiet suburban stretch into Chennai’s fastest-growing real estate corridor. Known as “IT Corridor Chennai,” it attracts homebuyers, families, and investors. Let’s explore why OMR Chennai property shows long-term promise, and why now is the time to invest Old Mahabalipuram Road.
1. Thriving IT Corridor Fuels Demand
- OMR hosts major tech parks like SIPCOT, Tidel Park, ETA, Accenture, TCS, Infosys, Wipro, and more.
- This concentration of companies ensures a steady flow of professionals looking for nearby homes—raising demand for flats in OMR Chennai.
- Mumbai-based TVS Emerald notes that demand from working professionals has kept both rentals and sales robust.
2. Infrastructure & Connectivity Power Growth
- Metro Phase 2 will soon connect OMR from Madhya Kailash to SIPCOT, easing commutes.
- Easy links to ECR, GST Road, and the Chennai–Bangalore Industrial Corridor enhance accessibility.
- Expanding roads—like the Vandalur–Kelambakkam stretch—support growing population and commute efficiency.
- As infrastructure improves, affordability, mobility, and livability attract new buyers and investors.
3. Consistent Price Appreciation & Rental Yields
- OMR’s property values have outperformed other Chennai markets over the last decade.
- Micro-markets such as Padur, Navalur, and Sholinganallur report rental yields of 3.5–5%.
- Projections show up to 15% growth in 2025 for Siruseri and Padur.
- Strong rental returns amid rising rents city‑wide—Sholinganallur’s 1BHKs rent for ₹18k–30k .
4. Self-Sufficient Social Infrastructure
- A mature corridor built for families:
- Schools: PSBB, Hindustan International, Jeppiaar, Sathyabama, Chennai Mathematical Institute
- Hospitals: Chettinad, Kamakshi Memorial, Supreme Specialty
- Shopping & Entertainment: Marina Mall, Vivira Mall, INOX multiplex at Egattur
- Schools: PSBB, Hindustan International, Jeppiaar, Sathyabama, Chennai Mathematical Institute
- This ecosystem supports both professionals and families—making it ideal for long-term living and investment.
5. Diverse Housing Options
- Luxury high-rise apartments: TVH Ouranya Bay (Padur), Akshaya Abov offer premium living with amenities like private pools and clubhouses.
- Mid-range & affordable projects: Developed in Semmancheri, Karani, Navalur—include gated developments by big brands like TVS Emerald, Jain Housing, Bollineni Hillside.
- Plots and villas: Kelambakkam, Thiruporur, Navalur have emerging villa communities and plots for custom homes.
- This mix ensures options across budgets and housing preferences.
6. Villa Growth: Affordable Coastal Luxury
- While ECR remains luxury-heavy, OMR is catching up as a villa destination.
- Projects beyond Sholinganallur—like Bollineni Hillside—offer villa living with modern amenities.
- Buyers find a balanced coastal lifestyle at more affordable rates compared to ECR.
7. Government Support & Smart City Initiatives
- OMR benefits from Chennai Metro expansion, smart city planning, and industrial corridor development.
- Public-private projects—like the World Trade Center Chennai—bring commercial growth and rental demand.
- Smart utility improvements in suburbs like Thiruporur boost long-term livability .
8. Micro-Market Spotlights
- Navalur: Rising as a key IT suburb with fast infrastructure improvement.
- Sholinganallur: Luxury apartments, top rental yields, connectivity to ECR and airport .
- Padur: Rapid appreciation due to proximity to major IT parks; trending location for gated communities.
- Semmancheri & Thoraipakkam: Affordable living with rising infrastructure and close transport connections.
Real-Life Investor Benefits
- A buyer purchased a 2 BHK in Sholinganallur for ~₹75 lakhs in 2022; by 2025, rental income and value have risen ~20–25% .
- Another invested in a plot in Padur early 2023 at ₹3,500/sq ft—now valued at ₹4,500–5,000/sq ft in 2025.
Final Take
Here’s why OMR Chennai property remains a must-watch:
- IT hub with stable job-based demand
- Infrastructure upgrades: Metro, roads, connectivity
- Property growth with healthy rental yields
- Self-sustaining social ecosystem
- Diverse housing types: Luxury, mid-range, plots
- Villa/coastal lifestyle at lower costs
- Government backing with smart city initiatives
Whether you’re an investor looking for high rental returns and appreciation, or a homebuyer seeking community living and quality infrastructure, OMR offers unmatched value. Localized growth in micro-markets like Navalur, Padur, and Sholinganallur further enhance its potential.
Source : fulinspace.com