Top reasons to invest in Plots for sale in OMR Chennai in 2024

Chennai, the capital city of Tamil Nadu, is a bustling metropolis with a rich cultural heritage. It is also one of the fastest-growing cities in India, attracting a lot of investment in real estate. Chennai has become the second home for real estate investors in the country. Many micro localities and corridors are showing humongous growth.

The Old Mahabalipuram Road (OMR), Kelambakkam Vandalur road, Outer RIng Road, Poonamallee Avadi Road, Pallavaram Thoraipakkam Radial road, Tambaram to Velachery Road, and Grand South Trunk road are few of the most promising real estate investment destinations in Chennai. Among the popular corridors investing in plots for sale in OMR Chennai is a great way to build a secure future.

Here we are submitting top reasons to invest in Plots for sale in OMR done by findbhk team in 2024.

Strategic Location

OMR starts at Madhya Kailash and stopped at Sholinganallur a decade back but due to influx of many international IT companies in the corridor and the advent of Siruseri Sipcot pushed the limit to Tiruporur. You can see continuous growth starting from Madhya kailash to Tiruporur in OMR.

It is a vital road for Chennai's IT sector, connecting several important areas like Tidel Park, SIPCOT IT Park, and several SEZs. OMR is well-connected to other parts of Chennai by road, rail, and metro. This makes it easy for residents to commute to work, school, and other places.

In this 37km stretch you can find many plots from prominent developers for investments and for own use.

Invest in Plots in OMR for High ROI

Investing in plots for sale in OMR Chennai is a smart move financially. The area is seeing a steady rise in property prices, and experts predict that this trend will continue. The price per sqft of land in Thoraipakkam a decade back would have been 3000 - 4000 but now the price is doubled in 2024. But still few realty pockets like Kelambakkam, Thaiyur and Tiruporur in OMR are selling between 2000 and 3000 per sqft , so it’s not too late for you to get what you missed in Thoraipakkam and Perungudi.

OMR is growing continuously in both horizontally and vertically way ( many high rise buildings are coming in this locality ). Government also got many infrastructure plans to cut down the traffic in the OMR corridor.As a result, the return on investment (ROI) is high, making it a lucrative choice for investors.

Growing Demand

OMR is an excellent option for investors, given the growing demand for property in the area. With Chennai's IT sector expanding rapidly, there is a high demand for residential properties, especially among young professionals. The rental yield of plots and flats in this specific corridor is higher compared to other stretches like GST.

Considering the growing demand, all the popular developers in Chennai launched gated community villa plots with atleast 10+ amenities where you can build and enjoy your space. Though the cost of gated community plots are higher in OMR the pros like security, ready to construct plots, well planned roads and parking spaces, play area outweighs the cost.

The area also has excellent connectivity, making it a popular choice for plot buyers.

Infrastructure Development in OMR

The OMR area is undergoing rapid development, with several infrastructure projects underway. The recent infrastructure development happening in the corridor is the metro line that connects Madhavaram and Siruseri Sipcot . This is 45.8km corridor-3 project which will improve the quality of life in the area and attract more investment in real estate. The state government is also investing in several road projects to help ease traffic congestion in the area.

Plots in OMR are closer to Bay of Bengal

Though OMR and ECR are two different stretches, the beach is not far away from OMR there are many roads that connect OMR with Bay of Bengal. Kalaignar Karunanidhu Salai in Sholinganallur, Kelambakkam to Kovalam road connects are two vital roads that connects OMR and ECR.

Since OMR is close to several beautiful beaches, making it an excellent choice for those seeking a peaceful retreat. The area is home to several resorts and hotels, making it a popular tourist destination. The proximity to the beach also adds to the area's charm, making it an attractive location for homebuyers.

Excellent Connectivity for plots in OMR

OMR is well-connected to several important areas in Chennai, making it an excellent location for residents. OMR has the broadest road and proper functioning traffic signals which makes the traffic congestion less.

The area is connected by several public transport options, including buses, trains, and metro rails. The Chennai International Airport is also easily accessible from OMR via Pallavaram Radial Road and you can get easy access to the center of the Chennai like T nagar, Guindy, Saidapet, Adyar, Mount road via Sardar Patel road.

High-Quality Plots in OMR

The real estate market in OMR offers high-quality properties that cater to the needs of every plot buyers. As mentioned earlier in 2023 plot buyers are looking for gated community plots with amenities so to cater the needs of the buyer, plot promoters are coming up plots with amenities and gated townships.

The area has plenty of options, ranging from budget-friendly to luxury properties. With excellent amenities and modern architecture, the plots are designed to provide a comfortable and luxurious lifestyle.

Plots in OMR are easy to resale as there is a high demand for properties in the any locality in OMR.

Potential for High Rental Income

Investing in plots for sale in OMR can be a great way to earn passive income. The area has a high demand for rental properties, making it an excellent opportunity for investors. With high rental yields, investing in OMR can be a lucrative option for those looking for a steady source of income.

OMR has good future prospects as it is expected to become a major economic hub in Chennai. This makes it a good investment option for those looking to grow their wealth.Investors with any budget can find a suitable type of plots and sizes in OMR.

Conclusion

Investing in plots in Chennai is an excellent way to secure your future and build long-term wealth. The area's strategic location, high ROI, growing demand, and excellent connectivity make it an attractive investment destination. With rapid development and infrastructure projects underway, the area is poised for significant growth in the coming years.