Real Estate in Chennai is increasingly moving towards the outskirts of the city.
OMR is showing a lot of promise, as IT and multinational companies have cemented growth and development in the region. Investors from across the city and NRIs are attracted by the large sized townships along the OMR that have generous landscaping, and a range of top notch amenities. It is also the area of choice for young professionals as the proximity of these communities to different workplaces drastically cuts down travel time, thereby paving the way for a better quality of life.
Certain areas on the OMR have been in the real estate spotlight as they offer good resale prospects and high rental demand. These neighborhoods include Perungudi, Thoraipakkam, Shollinganallur, Navalur, Kelambakkam and Siruseri. These fast-developing suburbs along the OMR are backed by good social infrastructure in terms of educational institutions, healthcare, recreation facilities and more. The real estate market in these neighborhoods has matured and several big names are developing residential projects here. With something for every buyer and budget, one is spoilt for choice with a wide range of options from compact studio apartments to luxurious apartments with ample amenities. Buying an apartment in these areas ensures you reap rich returns in the future.