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Ten reasons are provided for buying property in OMR, Chennai. Key reasons include major infrastructure and development projects planned or underway in the area like a financial city and sports city that will make OMR the core of the city. There are also many reputable schools planned and availability of land for further IT development. Property prices are still reasonable compared to other parts of the city and expected to appreciate as IT professionals and companies moving to the many new residential townships being constructed along OMR between 2012-2013.

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138 views2 pages

Omr PDF

Ten reasons are provided for buying property in OMR, Chennai. Key reasons include major infrastructure and development projects planned or underway in the area like a financial city and sports city that will make OMR the core of the city. There are also many reputable schools planned and availability of land for further IT development. Property prices are still reasonable compared to other parts of the city and expected to appreciate as IT professionals and companies moving to the many new residential townships being constructed along OMR between 2012-2013.

Uploaded by

vgpraveenkumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Ten reasons for buying a property in OMR, Chennai

1) Government has given priority for infrastructure developments like water and sewage connections in this road. 2) The following are the major projects happening on and around OMR.

Financial City - Sholinganallur (All Banks under One Roof) TCS - Siruseri Sipcot (Biggest Building in Asia for TCS) Sports City - Kalavakkam and Tiruporur (1500 acres) Railway Link - Taramani to Cuddalore via Tiruporur, Mamallapuram, Pondy New By Pass - Egatore (Siruseri) to Thaiyur (Beyond Kelambakkam Junction) Fly Over - 5 flyovers on major places (From Tidel Park to Siruseri) Japanese Township

3) Not far to reach the city - in fact OMR will be the core of the city in 10 years4) Residential townships which are in progress will drive the middle class movement and create a cascade effect for commercial development of the area

4) OMR and surroundings have more reputed schools planned now than any other area. The Following are some of the schools i know of:

Padma Seshadri School PSBB Millenium School Gateway - The complete school - Sholinganallur Abacus Montessori School - Perungudi Delhi Public School at Nallambakkam DAV CBSE School from L.K.G to 12th - Thiruporur Headstart School - Thoraipakkam SushilHari International Residential School at Kelambakkam Deva Annai Matriculation School - Kelambakkam

Bala Vidya Mandhir at Navalur

5) Availability of land parcels especially in phase 2 of the IT corridor will help keep the focus on this area and promote new investments

6) Property prices are still reasonable compared to the rest of the city especially after Siruseri

7) IT professionals working on the road will starting moving here in big numbers to the residences which will be ready to occupy in 2012-13 and drive absorption rates and demand

8) IT Outsourcing continues to accelerate and IT Companies continue to recruit in thousands in Chennai every year creating new jobs in the IT Corridor

9) Buying a sea facing apartment at reasonable price in Chennai is possible only in OMR 10) Just look at the skyline of OMR - This will surely be one of the posh neighborhoods of Chennai

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