Top tips for buying gated community flats in OMR

Many people living in Chennai dream of having their own house, mostly gated community flats in OMR (Old Mahabalipuram Road). OMR is one of the fastest growing areas, known for its excellent infrastructure and proximity to major IT hubs, making it a perfect place to live or work. However, buying a flat is not something you should decide with your eyes closed. Whether this is your first real estate purchase or considering upgrading from your current home, buying flats demands proper planning and thought. This blog offers practical advice and insights that will help you make an informed decision when you are going for gated community flats for sale in OMR.

About OMR

OMR, also called Rajiv Gandhi Salai, stretches from Madhya Kailash in Adyar to Mahabalipuram, covering almost 45 km. It is a prime IT/ITES and residential corridor composed of several pivotal neighborhoods, each with unique features. Some remarkable locations along OMR include:

• Perungudi: This place has developed as an IT hub, with tech parks such as the World Trade Centre, Global Infocity Park, and vibrant residential communities. It is perfect if you want to be at the center of action. Since Perungudi is closer to Adyar and the city the price per sqft of apartments in Perungudi is slightly higher than rest of the localities in OMR.
• Thoraipakkam has commercial establishments and luxurious residential buildings. It is also the site of two IT and Cyber Technology buildings, Chennai One IT SEZ and Bahwan CyberTek. This will be very helpful for all those who select convenience and luxury as the primary attributes of an ideal place to stop.
• Karapakkam is famous for its big IT firms and exclusive layouts of premium homes; there are also more Colleges like KCG College of Technology and schools like Hindustan International School.
• Sholinganallur: These are characteristic junctions with IT parks, shopping malls, and new-age residential buildings. IT and business are also concentrated in this region owing to the presence of ELCOT. Since rentals in Sholinganallur is lesser compared with Perungudi and Thoraipakkam many working young professionals choose to reside in Sholinganallur, also this locality has many new high rise apartments with amenities in OMR.
• Perumbakkam: It has quiet residential neighborhoods nearby and is well connected to the happening IT market. It is desirable for those who can work in a relatively calm environment.
• Semmencherry: Despite the affordable housing prices comparatively closer to booming IT cities, Semmencherry is a textbook example of a Cost-Effective location.
• Padur: It is a new residential area with well-developed educational facilities and all necessary and prospective infrastructure. It is perfect if you want to work in a friendly environment appropriate for families with children.
• Siruseri: Developed as an IT corridor, Siruseri houses one of India's largest SIPCOT IT parks, several residential apartments, & Villas.
• Navalur: New residential projects have started gaining popularity. Moreover, the locality is close to the SIPCOT IT Park in Navalur, which offers a new-generation living experience.
• Kelambakkam: It is a growing young area with different housing types and an excellent network. It is most suitable for clients who want a fusion of contemporary and historical tastes.
• Thiruporur: They provide a good count of conventional houses in a progressing society environment, which makes this area ideal for investing in homes.

All these areas have their own appeal and special features. Be considerate, spend time, and discover which best suits your life.

Top tips to consider for gated community flats for sale in OMR

1. Know Your Financial Limits

Before you start house hunting, it's essential to have a clear understanding of your finances. Take stock of your income, savings, and current expenses to set a realistic budget. Remember, buying a flat is more than just paying the purchase price. You'll also need to consider:

• Registration Fees: Typically around 1% of the property value.
• Stamp Duty: A legal requirement that varies by state.
• Maintenance Fees: Ongoing costs for keeping the property in good shape.
• Furnishing and Decoration: Costs for making your new flat feel like home.

Creating a detailed budget that covers both the initial purchase and additional costs will help you make a secure investment and avoid financial strain.

2. Choose a Reputable Builder

Selecting a trustworthy builder is crucial. A reputable builder delivers quality and ensures timely completion and post-completion support. Here's how you can choose the right one for gated community flats for sale in OMR:

• Research Past Projects: Visit completed projects to assess construction quality.
• Read Reviews: Check online reviews and talk to previous buyers to gauge reliability.
• Check for Legal Issues: Ensure the builder has no history of legal disputes or delays.

A builder with a strong reputation is likelier to adhere to construction regulations and provide excellent customer service.

3. Get the Legalities Right

Before you sign any agreements, make sure all legal aspects are thoroughly checked:

• Title Deed: Verify that the builder has clear ownership of the land. This document is crucial to ensure you're buying from a legitimate source.
• Building Approval: Confirm that local authorities have approved the building plan. This ensures that the construction is compliant with regulations.
• Encumbrance Certificate: Check for any legal dues or mortgages on the property. This certificate verifies that the property is free of encumbrances.
• Occupancy Certificate: Ensure the construction meets the approved plan and is ready for occupancy. This certificate confirms that the property is fit to live in.

Proper legal verification will help prevent future disputes and ensure a smooth buying process of gated community flats in OMR.

4. Consider What Matters Most

When buying a flat, think about the amenities offered both within the property and in the surrounding area:

• Property Amenities: Modern gated communities often include swimming pools, gyms, playgrounds, and community halls. Make sure these amenities align with your lifestyle.
• Local Infrastructure: Consider the property's proximity to major roads, public transport, airports, schools, colleges, hospitals, shopping malls, cinemas, and entertainment spots. Good infrastructure enhances convenience and quality of life.

Prioritize the most important features to you and your family to ensure a comfortable living experience.

5. Inspect the Property

Never purchase without visiting the gated community flats in OMR in person. Here's what to look for during your visit:

• Construction Quality: Check the quality of materials and workmanship.
• Layout and Ventilation: Ensure the layout is functional and the flat is well-ventilated.
• Natural Lighting: Observe the natural lighting at different times of the day.
• A personal visit helps you get a true feel for the property and its surroundings, making it easier to decide if it fits you.

Conclusion

Choosing gated community flats for sale in OMR can be a rewarding investment if approached with careful planning and research. By following these tips, you can make the right decision that perfectly aligns with your needs and ensures a sound investment.