It wouldn’t be wrong to call the Rajiv Gandhi Salai, popularly known as the Old Mahabalipuram Road, as Chennai’s greatest dream. Commencing from Madhya Kailash Junction at Adyar and stretching up to Siruseri (Phase I), the development along the stretch was mainly catalysed with the inception of IT/ITeS companies. And the rest, as they say, is history. Today, this 45km IT corridor is where the majority of realty developments are taking place in Chennai.
Did You Know?
The busy stretch of OMR has two toll plazas on the road and three more on the roads leading to OMR.
Commute
The excellent inter and intra-city road connectivity of this place is perhaps what motivates people to live here. Chennai’s Central Railway Station is situated at a distance of 38km, while the Airport can be reached within 50 minutes. Prominent IT Parks such as TIDEL Park and SIPCOT can be either accessed by MRTS (Local Trains) that runs parallel to the corridor for 3km or by buses that are also the accessible mode of transportation here. Once Phase 2 (connecting Siruseri to Mahabalipuram) gets completed, the realty market here will further get a shot in the arm.
Lifestyle
The profile of the buyers majorly includes IT professionals working along the corridor. Due to the presence of several IT giants, this stretch boasts of best-in-class social and physical infrastructure. From multi-speciality hospitals to eminent schools and colleges to grocery stores catering to the daily needs of residents, the market has it all!
Eating Out
OMR has some great eateries for a gastronomical delight. Barbeque Nation, Onesta, Sangeetha Veg Restaurant, London Grill n Shake are some of the top-rated eateries in the area.
Top Projects
Schools/Educational Institutions
- Gateway The Complete School
- Al-Fajr International School
- Dr CL Metha Sishya OMR School
- Hindustan International School
- St. John’s Public School
- KLAY Preschool and DayCare
Hospitals
- Apollo Speciality Hospitals
- Chettinad Hospital
- Supreme Speciality Hospitals
- Nanthini Hospitals
- Madhura Hospital
The Real Estate Market
OMR is a great residential destination with several gated communities. Last year, the stretch saw a surge in the new launch supply by almost 35%. With integrated urbanisation, comprehensive planning, and ample availability, this micro-market has a lot to offer to homebuyers. At present, the property rates are in the range of Rs 3,000-8,000 per sq. ft.
What to Expect
With several new projects and infra upgrades in the pipeline, property values are expected to appreciate in the coming years.