GST road vs OMR

Q: I am interested in Serenity - Villa Apartments at Maraimalai Nagar, Chennai. is it a good option comparing to properties in OMR?

srinivas, Apartment Resident, Chennai

27th September 2012

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Replies (5)

You are right.. And if you find a tenant also, the rentals would be very low.. And unfortunately if there's any natural calamities, then there will be no point of looking for tenants..

Shilpa, Hyderabad

27th September 2012

Comment

Hi Shilpa are you talking of OMR?

srinivas, Apartment Resident, Chennai

27th September 2012

Yes I know.. then why don't you try investing in some other fast developing areas... And not only this, you will have to consider other factors, depending on your requirement, while choosing location.

Shankar, Mangalore

27th September 2012

Comment

Which area is good for investment currently in your opinion?

srinivas, Apartment Resident, Chennai

27th September 2012

Hi guys, when observed on a long term investment basis, investing in Marimalai Nagar is better than in OMR..

Shankar, Mangalore

27th September 2012

Comment

Thanks Shankar, but Maraimalar Nagar is Kanchipuram district and 5 kms away from Chengulpet, isn't it little far?

srinivas, Apartment Resident, Chennai

27th September 2012

Hi Srinivas, I feel it is better than OMR road as OMR is very close to sea..

Shilpa, Hyderabad

27th September 2012

Comment

Even I am feeling the same, as the rates in OMR is already inflated and there are many projects which will complete within couple of years then we will have lot of empty apartments as it will not be easy to find tenants.

srinivas, Apartment Resident, Chennai

27th September 2012

This is popularly called as the 'IT Corridor' because this stretch has become home to many IT/ITES companies. The area is well developed and it is easily assessible from the major parts of the city.

Alex Stephen, Chennai

27th September 2012

Comment

Did you mean OMR?

srinivas, Apartment Resident, Chennai

27th September 2012

We are looking at OMR to buy a flat for us and we feel it is a great location cos of the facilities in this location. Anyways we took a one day - real estate trip on OMR thru Tripcask and decided on a project at Perumbakkam!

RR, Chennai

1st November 2012

Btw you can check out the tours they offer on www.tripcask.com

RR, Chennai

1st November 2012