Details about OMR Corridor

Q: Which all areas are included in this corridor and which locality is doing good in this belt in terms of rental?

Sudeep Savanth, Chennai

10th November 2016

Locality Review in OMR, Chennai

chennai real estate

rajiv gandhi it expressway

omr corridor

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Replies (5)

OMR Is best Location to buy the investment Property because most of the IT Companies with almost 3-5L employess are working. If you are looking Residential project i would like to suggest Urbanrise Code Name Million Carats is good upcoming project very near to Hindustan Univesity, Chettinad Hospitals, They are having Configuration of a studio apartment, 1Bhk, 2Bhk Price starting from 17L.

ruhi reddy, Chennai

20th May 2019

Comment

Shollinganallur is right now booming in terms of both – commercial and residential potential. The IT corridor in general sees great rental scope thanks to the sheer number of young professionals living here, but if you’re looking for growth, newer areas like Shollinganallur are your best bet. Many IT campuses and facilities are set to come up in the next 3 years – in fact, I just read in the papers that Ford is setting up a huge Global Tech Centre in Shollinganallur and the Chennai govt has already sanctioned 28 acres of land for this. This is only going to boost residential and rental properties further. Because of this, a lot of luxury residential properties are coming up too in Shollinganallur by reputed builders– since people are more keen on renting and buying upwards of 3-4 bhk now. If you’re purchasing with a view to rent, I suggest looking at luxury or premium properties – check out Adroit’sArtistica – they have a very good project in this area.

Deepak, Chennai

22nd November 2016

Comment

Around 55 percent of people are looking for 2 bhk units and 63% are looking to rent 2 bhks in this corridor.

Most of the 3 bhks are self occupied and only one percent of denizen are looking to rent out 3 bhk units.

Interestingly, 29 percent people are looking for 4 bhk units to rent and only two percent are looking to buy 4 bhk and higher units.

Harish, Chennai

10th November 2016

Comment

Which types of configuration are more in demand for buying purpose in Sholinganallur?

Supratim,

10th November 2016

Comment

If you are planning to buy a property then Sholinganallur has the highest share. It is observed that 2 bhk properties are more in demand and has fetched good rental returns. But the availability are very limited in the corridor.

Javed, Chennai

10th November 2016

Perubakkam is the second highest demand locality after Sholinganallur. The locality has hospitals and good infrastructure. Water supply is also better compared to other localities in the corridor as it has a 200 acre fresh water body.

Vasanth,

10th November 2016

Over the last quarter, localities such as Kelambakkam, Navalur, Sholinganallur and Padur have seen around two to five percent increase in prices.

Dwarkesh,

10th November 2016

The corridor include areas such as Perumbakkam, Perungudi, Thuraipakkam, Taramani, Semmancherri, Siruseri, Thalambur, Navalur, Kelambakkam, Thiruporur, Padur, Sholinganallur, Okkiyam-Thuraipakkam.

The area which has seen highest rental demand is Sholinganallur because there are two big colleges and two SEZs

Javed, Chennai

10th November 2016

Comment

OMR Corridor is also known as Rajiv Gandhi IT Expressway. The corridor is well conncted to the ECR,, which runs parallel to OMR and GST. It is the highest demand corridor among all other corridors.

Vasanth,

10th November 2016