FUTURE PROSPECTS:
MNC's, home buyers, real estate developers and investors all have an eye on this region. Over the past five years properties in OMR have witnessed rapid appreciation of about 50% and 25% hike in property values. According to real estate experts, 1 acre of land used to cost rupees 75 lakh to 1 crore in 2010 and has now increased 4 times. This price hike has also affected the prices in the nearby regions. Therefore purchasing property now will ensure that your property will get appreciated in another 10 years. Another option is that even if you don't shift there,investing in the properties in OMR is definitely a very good decision. As IT is here to stay, there is always going to be a strong demand for rental properties. So the future holds very good returns if a person invests in properties, either to rent or to settle down.Your Feedback Matters! How was this Answer?
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Surely many people have a lot to say about OMR Chennai. And why not afterall it is the largest IT corridor in northern suburbs of Chennai. Anyhow, I am also sharing what I know about OMR Chennai with you.
What to expect?OMR Chennai Positive Review
OMR Chennai Negative Review
Let me start with the positives first:
Buzzing streets as there are major IT parks hence the employment opportunities are plenty
The connectivity is awesome. I can take a rickshaw, bus, metro or private cabs at my convenience.
My uncle lives in OMR and I have spent a couple of months with my family there. I must say the locality and people are really good. Everything is readily available.
I roamed around a little bit in the area with my cousins and I happen to observe that there are many eateries, restaurants, cafes, schools, clinics, hospitals and a couple of malls too (I don’t remember the names unfortunately)
Okay now comes the difficult part; OMR Chennai south reviews which are slightly negative (okay no that is a strong word, I would say a bit off putting for me)
I didn’t like the weather that much, it was humid
I believe traffic is another major problem in that area people are hesitant to follow the traffic rules (again my personal opinion)
Yep, this is all I experienced in OMR Chennai.
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Off late OMR Chennai has certainly become the hotspot of real estate investment with rapid infrastructural development and growth of IT companies from Madhya Kailash and to Siruseri Sipcot IT park. I would suggest you definitely look for residential property in OMR Chennai for investment purposes. Here are a few reasons why:
There are plenty of employment opportunities since it’s in the vicinity of MNCs
Connectivity in OMR Chennai is exceptional. The city has a suburban railway network, bus services to reach every corner of the city.
When we talk about educational institutions, the locality boasts of some of the best schools on OMR Road Chennai along with a number of hospitals, entertainment centers, etc.
As far as growth opportunities are concerned, the current average price of flats and apartments in and around OMR is Rs. 4780/Sq ft. and it is bound to rise considering the infrastructural development and overall growth.
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Your Feedback Matters! How was this Answer?
Shifting, House?
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Lowest Price Quote✔
Safe Relocation✔
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Timely Pickup & DeliveryIntercity Shifting-Upto 25% Off
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Intracity Shifting-Upto 25% Off
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Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & DeliveryIntercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
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City Tempo-Upto 50% Off
Book Now
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & DeliveryIntercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
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Is OMR Chennai a good place to invest in residential property? What are future growth prospects?
Manickam
14950 Views
6 Answers
4 Year
2020-09-22T08:40:27+00:00 2020-12-15T12:24:49+00:00Comment
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