OMR is one of the earliest locations of Chennai that faced the first phases of Chennai’s real estate growth. It continues to be the most favorable location when it comes to real estate investment.

1. Reasons why OMR’s Real Estate Prospects
continue to Flourish
Land in Chennai in the Central Business District may be a challenge. And even
if it is available, prices are afforded only by the affluent. Pricing is one of the
precise reasons why demand for both residential and commercial properties is
pushed to the city’s peripheral and suburban regions. OMR is one of the earliest
locations of Chennai that faced the first phases of Chennai’s real estate growth.
It continues to be the most favorable location when it comes to real estate
investment. There are many kinds of posh properties in OMR. The most
modern flats in Chennai, opulent villas, beautiful farmhouses and state-of-the-
art commercial structures can be seen at OMR and the adjacent ECR.

2. Besides location, OMR enjoys the significant advantage of sustained high real
estate demand due to several other reasons.
1. Most areas in Chennai have been facing ups and down in the real estate
scenario ever since the global economic slowdown. But OMR has shown
realistic and stable prices and consistent demand even during these years.
2. Real estate buyers who have invested in properties or land in Chennai are
sitting on exponentially high returns on their investment. The region has
grown rapidly in just a few years and is also expected to do exceedingly
well in the years to come. In the last 5 years, OMR has seen 21 percent
hike in property values.
3. Although, OMR is one of the high priced suburban regions of Chennai;
the area also has pockets that are affordable by the middle and upper
middle income community of buyers. Kelambakkam is one such area to
reckon.
4. Flats in Chennai, especially along the OMR stretch, offers an interesting
contrast. They belong to the range from the most premium to the most
affordable as well. Therefore, OMR has something to offer every kind of
real estate investor. The most affordable category demand has spurted
quick growth of residential properties along the 5 km radius of
Kelambakkam. And the properties near the backwaters command a
greater premium.

3. 5. Proximity to IT/ITES hub drives majority of demand in OMR from
buyers and investors from the industry. Flats in Chennai in OMR in the
range of Rs. 40 to 60 lacs observe maximum demand.
6. OMR is the hub of immense developments. The elevated expressway
from Madhya Kailash to Mahabalipuram, ELCOT SEZs, Velachery,
upcoming railway line from Chennai to Pondicherry via Kelambakkam,
Sholinganallur and Thoraipakkam invite interest from all communities of
buyers.
7. Land in Chennai is not an issue in OMR owing to availability of land
parcels.