Why Invest in OMR Chennai?
During the past twelve months, the Old Mahabalipuram Road (OMR) belt has witnessed some traction, with projects being launched along certain stretches of this 26 kilometer road. Almost each of these new launches have witnessed good absorption levels and received the desired response. However, the most prominent factor in achieving successful inventory off take figures is the pricing relative to the location. Over a period of time, OMR and it’s localities have gradually become significantly expensive with values touching approximately Rs 5500 to 8000 per square feet. The regions rise has majorly been driven due to its transformation into the city’s IT Corridor as well as being an important road within suburban Chennai. Apart from these the area has a lot of other factors such as easy accessibility from anywhere in the city, proximity to the beach, renowned educational and health care institutions as well as providing a serene and peaceful residential neighborhood for people who want to get away from the frenetic noises and bustle of the main city. It is also the preferred destination for the migrating population who are employed or associated by either the IT/ITeS or the myriad institutions.
