The OMR has been on a growth track for over a decade and shows no signs of slowing down, attracting builders and investors alike. Be it about its connectivity to nearby areas, property prices, the profile of investors or the various projects & flats in OMR, the interest, the area has garnered a lot in the past few years is nowhere close to diminishing.
Today, there are a number of advantages of investing in OMR. But not many know that the road was initially planned for IT/ITeS companies alone.
Well connected with various IT and ITeS hubs, it ensures minimal commute time for people working in those companies.
Property prices have appreciated almost 200% since the corridor became functional. Important localities along the OMR include Thoraipakkam, Taramani, Semmencherry, Siruseri, Thalambur, Navalur, Kelambakkam, Thiruporur, Padur, Perumbakkam, Perungudi, Sholinganallur and Okkiyam-Thoraipakkam. The corridor is preferred by residential purposes by mid-level employees working in the IT/ITeS segment who prefer 2 or 3BHK units over luxury and premium projects.
In terms of connectivity, currently OMR is a 6-lane highway that’s connected to the rest of Chennai through the Madhya Kailash junction in Adyar. The 200-ft Pallavaram Thoraipakkam Road connects the corridor to GST. There are plans to extend this road to ECR by building a bridge over the Buckingham Canal and connect it to Neelankarai, which will help commuters. The Perumbakkam main road connects to Medavakkam and the Velachery-Tambaram road connects to GST near Tambaram railway station and continues to ECR and connects at Panaiyur. The Vandalur-Kelambakkam Road is another connecting road between the GST and OMR.
