Demand in OMR is low

Q: Hey Is Chennai’s OMR is on low demand. Can anyone discuss about the news and let me know the details ?

Srinivas , Chennai

12th June 2014

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Replies (3)

Why the demand is low in OMR currently ?

Balwinder Singh,

12th June 2014

Comment

@Balwinder: The social infrastructure along the OMR is yet to fall in line with the price range of products on offer, and so it becomes even clearer what it is that has been lowing the micro-market of late. The ground reality is that affordable property today has shifted towards the peripheral stretches of OMR, and beyond Padur which is a good 35-40 km from Adyar.

Vivek Kulkarni,

12th June 2014

Hey the connecting road between Kelambakkam and Vandallur has especially been attracting residential projects as a long-term investment option. :)

Kunal,

12th June 2014

Hey I also heard that this is the stretch where most of the city’s IT Parks, IT SEZs, and major IT campus development are located, it is also home to several residential projects that mainly for those who work in IT sector.

Jackie,

12th June 2014

Comment

Can you tell me some of the good developers here ?

Balwinder Singh,

12th June 2014

@Balwinder: Many developers are coming up in the micro-market which include Ramanyam, Mantri Developers and Agni Estates, who are coming up with prominent residential projects.

Jackie,

12th June 2014

Hey also a number of local and national developers have also been acquiring large land parcels here for future projects. Some big developers with significant land holdings in the region are Vijayshanthi Developers, Marg, Akshaya Homes, and Hiranandani Developers.

Vivek Kulkarni,

12th June 2014

Hey Srinivas, the OMR may be segmented into three sections, such as Madhya Kailash-Shollinganallur, Semmencherry-Kelambakkam and Kelambakkam-Mahabalipuram. The 50 km-long stretch along OMR extends between the Madhya Kailash Junction at Adyar,

Vivek Kulkarni,

12th June 2014

Comment

Hey how is the development going on here ?

Balwinder Singh,

12th June 2014

Hey Balwinder, this stretch developed as a designated IT/ITeS corridor over the last decade, in a city which is the second highest exporter of information technology in India. Also the notable micro-markets located along the initial stretch include Taramani, Perungudi, Thoraipakkam, Karapakkam, and Shollinganallur.

Vivek Kulkarni,

12th June 2014