Your Guide to Buying Plots in Padur, OMR – Chennai’s Real Estate Hotspot

The real estate sector of Chennai is witnessing constant growth, with properties in the Old Mahabalipuram Road (OMR) gaining popularity. Padur is a prime area of OMR, Chennai, located in the Southern region, with a high demand for plots among many individuals.

Padur is well-connected to many other popular areas, such as Sholinganallur and Siruseri. It is ideal for anyone looking to invest in a plot at affordable rates. This locality already has great development projects, IT hubs, and social amenities in the vicinity. With so many positive aspects, Padur is the top choice for investors who want to buy plots.

This blog explores the benefits of owning plots in Padur, OMR. It also discusses important aspects to consider before buying plots for sale in Padur.

Benefits of Owning a Plot in Padur, OMR

Padur offers a lucrative opportunity for new and seasoned investors to invest in a plot. Its location along OMR and connectivity with IT hubs create a perfect place for anyone looking to settle in this area.

The following aspects further reinforce its potential as a top choice for investment in plots for many individuals.

1.Location

The location of Padur, OMR, is very convenient because of its connectivity to the main city area, which is 30km away. It also connects with major IT and commercial hubs. Padur has a great connectivity network with the Grand Southern Trunk (GST) road and the Bangalore highway because of its location between OMR and the East Coast Road (ECR).

Other major road networks that connect with Padur include Kelambakkam - Vandalur Road, which further connects to Tambaram or Urapakkam. The Velachery railway station is 22 km away, and the International Airport is 28 km away from Padur.

Another major development is the upcoming metro project along OMR, with a proposed metro station at Padur. This will make it easy to travel from Padur to other locations.

2.Development Projects

Many upcoming real estate projects from reputed builders are lined up for development in Padur. This will only enhance the quality of life in this locality. But the most alluring aspect is the affordability of the available plots.

The developers also offer plots which you can buy in gated communities. The market value of these plots is affordable, making them available for a wider range of people. The presence of potable water in the Padur area further adds value to buying plots.

3.Social Amenities

Padur has excellent social amenities, such as schools, institutions, hospitals, and many recreational centers, making it very convenient to live there.

• Educational Institutions: Hindustan International School, Hiranandani Upscale School, Jeppiar Engineering College.
• Hospitals: Chettinad Hospital and Research Institute, Supreme Speciality Hospitals.
• Recreational Centres: Shopping Malls, Hotels and Restaurants.
• IT Parks: SIPCOT IT Park, IT SEZ, Futura Tech Park, and Suntech Park.

4.Investment Potential

With so many developments and the presence of IT Parks nearby, Padur has become a very investable option. If you want to invest in real estate, then buying a plot in Padur is a good choice.

Property values in this locality have risen constantly due to the growing demand for housing. The upcoming metro project will further boost the value of the plots.

The plots available in Padur are a prominent investment choice. You can buy one to build a house or for long-term monetary gains.

Things To Consider Before Buying Plots for Sale in Padur, OMR

Although buying a plot in Padur is full of potential, you should still consider the following aspects to reap maximum benefits.

1.Real Estate Market Trend

Consider the current market trend in Chennai before buying a plot. While analyzing the market trend, you should consider many developments with the prospect of further development.

The areas along OMR have huge potential for growth in the future, so buying a plot in Padur offers all the favorable conditions.

2. Location of the Plot

The most crucial aspect of any property is the location. Check how far the offices are from the plot. You can also check the distance between the plot and essential daily amenities like schools, colleges, shops, and hospitals.

Also, check the availability of public transport, such as metros and buses, to travel to and from Padur if necessary.

3. Budget and Finance

Additional costs, like registration fees and taxes, are included in the property value when buying a plot. The budget should also consider these overhead costs to prevent surprise expenses later.

You should also check various finance options to buy the plot from different banks for the best rates. Also, review the payment structure or scheme before finalizing the deal.

4. Legal Documents

The most important aspect of any property is its legal documents, such as title deeds, encumbrance certificates, and approval from authorities. Ensure you get a clear title deed confirming that the original seller has the right ownership of the plot.

There should be no disputes associated with the plot, and it has all the necessary approvals from the local authority.

5. Visit the Property

Before buying the plot, visit the place and check all the physical features of the plot like soil quality, topography, existing trees and water source.

Ensure the plot boundary is clear, and consider factors like flooding or waterlogging in the area.

6. Credibility of Builders

If you buy the plot from a developer in a gated community, ensure the builders have a clear history of completed projects.

Check the current status of the project and also talk to people who are already living in the area to gain insights.

7. Plot Ownership

To get the plot ownership, ensure you register at the local sub-registrar office. Gather all the necessary documents and the possession certificate to get ownership from the seller or developer.

Conclusion

Investing in a plot in Padur is a lucrative choice for many individuals. Padur, along with the OMR, has huge potential to grow, which will only increase the value of your current investment. The upcoming metro project is a major development that will further boost its value.

The excellent location of Padur, along with its connectivity to major IT hubs and road networks, attracts many investors to purchase plots. Whether you are buying to build a home or for long-term gains, a plot in Padur will increase your portfolio value.