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About Properties In Old Mahabalipuram Road, Sholinganallur, Chennai for Sale
Overview of OMR
- OMR is a prime location situated in the Southern part of .
- The Old Mahabalipuram Road (OMR) is a 45 km prime highway stretched between Mahabalipuram.
- OMR is also popularly known as Rajiv Gandhi Sarai or State Highway 49A.
- The area is known to be one of the most prominent IT corridors in city.
- Along with being a major IT hub, OMR is also a thriving residential hotspot in the city of .
- Being a prime location in the city, OMR has become a hotspot for property investment in the real estate market.
- This area majorly offers housing properties in an affordable to mid-segment price range.
- Thoraipakkam, Semmancheri, Navalur, Egattur, Kelambakkam, Senganmal, Kalavakkam, Thiroporur, Mahabalipuram, and Porur are a few localities situated along the stretch of OMR.
OMR Residential Market Insights
- The average property price in OMR ranges from ₹7,000 to ₹10,000 per sq. ft.
- The average price of a 1 BHK in OMR ranges from ₹30 lakh to ₹55 lakh.
- The average price of a 2 BHK in OMR ranges from ₹55 lakh to ₹1.7 crore.
- The average price of a 3 BHK in OMR ranges from ₹72 lakh to ₹2.1 crore.
- The average price of a 4 BHK in OMR ranges from ₹1.8 crore to ₹4.5 crore.
- The average price of a 5 BHK in OMR ranges from ₹2.5 crore to ₹7 crore and more.
- The average rental price in OMR is from ₹13,000 to ₹1.5 lakh monthly or more.
- The presence of IT corridors and a good road network has increased rental demand in OMR.
- The average price of land plots in OMR ranges from ₹4,000 to ₹7,000 per sq. ft.
- OMR mainly offers affordable to mid-segment residential properties.
- Prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- These properties are available in both ready-to-move as well as under construction conditions.
- Several reputed builders and developers have a presence in OMR.
Connectivity and Transport In OMR
- The Old Mahabalipuram Road in itself is a prime mode of road transportation and connects to some prominent commercial hubs in the city.
- Nandambakkam Metro Station, Guindy Metro Station, and Saidapet Metro Station are the closest metro stations to OMR, within 30 minutes from here.
- Tambaram Railway Station, Thiruvanmiyur Railway Station, Indira Nagar Railway Station, and Guindy Railway Station connect the area to the rest of the city.
- The Old Mahabalipuram Road is parallel to the East Coast Road, serving as a major road connecting and Pondicherry.
- 200 Feet Road, Taramani Link Road, CSIR Road, Velacherry - Tambaram Road create an excellent roadway network around the area.
- OMR connects to the Outer Ring Road, further connecting to the prominent area of Hebbal.
- The International Airport is easily accessible through the GST Road.
Social Infrastructure In OMR
- OMR, being in a prime location, enjoys well-developed infrastructure facilities and civic amenities.
- Little Angel’s Matriculation Higher Secondary School, Bharath Das Matriculation Higher Secondary School, Advent Christian High School, Beasant Arundale Senior Secondary School High School are some quality schools in the area.
- Some reputed educational institutions and colleges include Sacred Heart College, Jerusalem College of Engineering, Annai Veilankanni’s College of Arts and Science, Patrician College of Arts and Science, KCG College of Technology, etc.
- Supreme Speciality Hospital, Sugan Hospital, Mount Super Speciality Hospital, KL Hospital, and Santhi Hospital are some well-equipped health centres in and around the area.
- Sheraton Grand Hotel, Intercontinental Park Plaza, and Taj Wellington Mews are some luxury staying options around OMR.
- There are some supermarkets around the area to take care of the essential needs of residents. Some of them are DMart, Whitefield Supermarket, Nilgiris Supermarket, JK Supermarket, OM Supermarket, etc.
- Phoenix Marketcity, Palladium Mall, Grand Square Mall, and The Marina Mall are some leisure shopping and entertainment centres nearby.
Employment Opportunities In OMR
- OMR is well known to be a commercial stretch. There are several IT hubs, industrial areas and business centres along the highway.
- ELCOT SEZ, TIDEL Park, SIPCOT IT Park, Pacifica Tech Park, Bahwan Cybertech Park, Alpha City SSPDL, and TECCI Park are some Tech Parks located along this area.
- Additionally, popular commercial centres such as Thoraipakkam, Bellandur, Marathahalli, Kodambakkam, Sholinganallur, Mahadevapura, Siruseri, and Perugundi are also accessible.
- The 80-foot road, which is located close to Old Mahabalipuram Road (OMR), houses multiple corporate offices.
- Due to these commercial areas being along the way, OMR has become a hotspot for property investment.
Lifestyle In OMR
- OMR, being situated at a prime location, has a business-driven lifestyle along with modern conveniences.
- The area hosts many commercial companies, industrial areas, residential hotspots and entertainment centres.
- Located along the East Coast Road, the environment is very peaceful here, being close to the ocean.
- The Kovalam beach, Mandakolar Beach, Matsya Narayana Beach, and Elliot’s Beach are some popular beaches along the highway.
- The Dakshina Chitra Museum, Tiger Cave, VGP Universal Kingdom, Madras Crocodile and Reptile Park, and ISCKON are some famous and most visited tourist destinations here.
- OMR is surrounded by numerous tranquil lakes. Sholillangur Lake, Adambakkam Lake, The Great Salt Lake, Paddur Lake, Kumizhi Lake, and Thaiyur Lake are some of them.
- Moreover, OMR also hosts several thematic restaurants, popular franchise joints, fine dining restaurants, cafes and local eateries.
- Jungle Boat Restaurant, ECR Dhaba Restaurant, Skyfly Restaurant, Baboons, The Farm Restaurant, Maveric Cafe, Atti Cafe, and Spectrum Cafe are some popular food joints nearby.
- The street food culture along the highway is very vibrant, offering authentic local food.
Safety and Security In OMR
- OMR is served by several police stations in the vicinity.
- Maximum security is ensured by regular police patrolling around the area.
- OMR is a bustling highway stretch and is equipped with proper civic facilities, so it is generally safe even at night.
- Proper security measures, such as traffic management, CCTV surveillance, and fire safety measures, are followed here.
Development and Future Prospects In OMR
- The Upcoming extension of the Purple metro line is said to pass along the OMR, thereby being an advantage for the area.
- New flyovers and road expansions will improve overall connectivity around the highway.
Culture and Community in OMR
- OMR has a cosmopolitan environment where a vast range of population is settled together in peace.
- The area is home to several historically significant sites, tourist attractions, serene lakes, mystical beaches and much more. These destinations showcase a sense of spiritual inclusiveness.
- There are a few local temples and heritage sites that represent the culture of .
- Manikandeshwar Temple, Shri Arunachaleshwar Temple, Shri Shiva SHakti Vinayakar Temple, Sri Bajanai Kovil, Sri Kshipra Ganpathy Temple, and Thulukkanathamma Temple are some temples in the area.
- These temples reflect the cultural richness of through their intricate architecture and beautiful sculptures.
Environmental factors in OMR
- OMR promotes a sustainable and peaceful environment with its abundance of green areas, open spaces, serene beaches and mystical lake areas.
- Due to water bodies being close to the highway, the atmosphere here is very pleasant.
- The Air quality index and pollution levels are also quite moderate.
Flat Configuration in OMR
- OMR offers a range of 1 BHK, 2 BHK, 3 BHK, 4 BHK and 5 BHK properties.
- These properties are available in both under construction and ready-to-move conditions.
- 2 BHK properties are in great demand in OMR.
- OMR mainly offers premium properties in an affordable to mid-budget segment.
- Apart from that, other properties like independent floor apartments, villas, and land plots are also available here.
Property Price Growth in OMR
- OMR has experienced consistent price growth of up to nearly 39% over the last five years.
- There has been a 26% property price appreciation over the last three years.
- The YOY property price growth in OMR has been around 4%.
- Also, a rental yield of around 2% has been achieved due to an increased demand for rental properties.
- Due to rapid development and urbanisation, OMR is expected to experience consistent price growth in the near future.
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