Sowing to Chennai’s booming economy, many locations in the city have emerged as prime residential hubs. One of the preferred residential hubs in Chennai is the area neighbouring the Old Mahabalipuram Road (OMR). This road (State Highway 49A) connects Chennai to Mahabalipuram and the neighbouring area is collectively referred to as OMR. The SIPCOT IT Park, in OMR, has been designated as an IT Corridor, as it is home to several leading technology companies. Around the IT Park are areas like Pudupakkam which are homes to luxury villas in Chennai.
OMR offers varied options to homebuyers such as affordable housing, apartments, and luxury homes. With increasing prosperity, people are demanding superior lifestyles and world-class amenities. This, in turn, has prompted builders to focus on luxury villa projects. If you are looking for a classy lifestyle, here are 10 reasons why OMR is the best place for buying a luxury villa in Chennai.
#1. IT AND ITES HUB:
OMR is the IT Corridor of Chennai, as it is home to several technology companies such as TCS, Infosys, Cognizant, Accenture, Wipro, Polaris, Hexaware, etc. The presence of these leading technology companies has been fuelling the growth of commercial and residential real estate in OMR. Since businesses are given incentives to set up operations in OMR by the state government, a lot more companies are expected to come to OMR in the coming years. This will fuel a parallel boom in real estate.
#2. PRICE GROWTH:
Being an IT hub, OMR has huge potential for appreciation in property prices. This is especially true if you consider the long-term perspective. Real estate markets are known to experience temporary downturns, but they usually give good returns in the long term. The local economy in OMR is expected to grow further in the coming years, which in turn will boost property prices in the area. As land will become scarce, properties like luxury villas will witness substantial growth in their valuation.
#3. POLLUTION-FREE ENVIRONS:
Despite the urban boom in OMR, the area has plenty of green cover to ensure pollution-free environs. In OMR, you can be close to both nature and prime business centers. The commercial development in OMR is mainly clustered around the IT Corridor. The neighbourhoods beyond that have ample green cover, which ensures fresh air for its residents. A luxury villa located amidst abundant green cover would be most appropriate for your health and wellness.
#4. WORLD-CLASS AMENITIES:
If you choose the right project, your luxury villa in OMR can give you an access to world-class amenities. Depending on the project, the amenities may include swimming pool, spa & salon, indoor and outdoor sports, mini theater, gymnasium, etc. Concierge services are also available, which make everyday tasks a hassle-free experience. These amenities will truly enhance your living experience by adding additional layers of comfort, utility, fun and recreation.
#5. WELL-DEVELOPED PHYSICAL & SOCIAL INFRASTRUCTURE:
One of the greatest things about OMR is that it has well-developed physical and social infrastructure. The main road is 6-lane and the interior roads are also broad and properly maintained. Driving is a pleasant experience in most parts of interior OMR, where most of the luxury villa projects are located. The social infrastructure is also well-developed, as some of the best hospitals, schools & colleges, shopping malls, etc. are located in OMR.
#6. GOOD CONNECTIVITY:
OMR is connected to other parts of the city through a wide network of roads. OMR is located in South Chennai and has good connectivity with neighbouring areas such as Velachery, Chromepet, Perumbakkam, Meenambakkam, etc. One can travel easily from OMR to Central, West and North Chennai. Good connectivity has ensured that people can commute freely to any part of the city, while they make OMR their home.
#7. REASONABLE PROPERTY PRICES:
OMR is a preferred residential destination, as property prices here are affordable in comparison to other locations in Chennai. If you buy a luxury villa in OMR, you can reduce your investment cost. You will not be compromising on quality or experience, rather; you will be getting the same package at reasonable rates. Luxury villas in OMR are among the best that Chennai has to offer. The fact that these are available at reasonable rates is actually a bonus.
#8. MAJOR LANDMARKS:
A number of landmarks in Chennai are located close to OMR and the neighbouring areas. In the OMR neighbourhood, you will also find nature reserves, wetlands, lakes, backwaters, museums, picnic spots and religious & cultural centres.
#9. PROXIMITY TO CHENNAI’S POPULAR BEACHES:
Chennai is known for its popular beaches, so it would be great if the luxury villa is located close to these tourist hotspots. OMR is quite close to the city’s popular beaches such as Kovalam Beach, Uthandi Beach, Olive Beach, ECR Beach, Palavakkam Beach, and Thiruvanmiyur Beach. These beaches are great for spending quality time with your family and friends. Depending on the location of the luxury villa project, you could enjoy splendid views of the Bay of Bengal from your terrace. Some luxury villa projects in OMR are located along the backwaters, which provide panoramic views of the vast water-bodies.
#10. DEVELOPMENT POTENTIAL:
The state government and Chennai Metropolitan Development Authority have planned various projects in OMR including the development of new IT parks and commercial centres. Infrastructure projects are also planned to ease traffic congestion, improve water supply and sewerage systems, and increase green cover in OMR. The second phase of Chennai Metro will cover OMR, which will aid development in the area. These projects will make OMR a world-class business destination and attract further investments. It will boost the local economy and real estate development in OMR. The quality of life of OMR residents will also improve with these development projects.
Property prices in OMR are currently stable, which is why this is an opportune time to buy a luxury villa in the area. For the best experience, you need to choose the right location and the right project in OMR. Take some time to assess related factors such as builder’s track record, quality of construction, neighbourhood, development plan, etc. This due diligence exercise will make it easier for you to identify the best luxury villa in OMR.
