OMR Properties are moving on a steep slope upwards in the real estate market.

by Anita Bhadra Anita Bhadra

Introduction

The overall real estate market in India has been relatively flat. But, when dissecting the market and looking at the metropolitan and emerging cities, there are several pockets where there is considerable action taking place.

One of the cities with such considerable and potential real estate action is Chennai. With several residential projects by builders such as the hiranandani group, Chennai’s real estate market is expected to move upwards going forward.

About Chennai

Referred as the Detroit of India for contributing a whopping 60% towards India’s automobile exports, the city is also known for its engineering, manufacturing and IT-ITeS industries. Being the 4^th largest economy of India and featured in the top 10 fastest growing cities of the world, makes it a very attractive investment opportunity for enthusiasts and investors.

Within the city, the Southern region has seen considerable spurt in demand, and with the recent advent of coworking spaces in pockets such as the OMR, this not only brings tremendous employment and business opportunities but also a new work culture. These aspects have led to a rising demand for housing and flats in omr Chennai and a plethora of newly launched omr properties by builders such as the hiranandani group.

About OMR Chennai

The 45-kilometre long road of the suburban region and its strong infrastructure and robust connectivity have paved the way for the residential property market since about half a decade. This is not only due to new business establishments, but also because of the area’s close proximity to shopping malls and hospitals. The area itself has a strong social infrastructure as it has 20+ schools, 16+ hospitals, 20+ restaurants and supermarkets, among others.

OMR has contributed about 35% towards the new launches, and for those looking for investment opportunities at affordable and reasonable rates, omr properties are an ideal match.

The housing preferences in terms of BHK is dominant for 1 and 2 BHK apartments. Given this, OMR has sufficient supply of 2 bhk apartments in omr. In addition, the area also has plenty of options available for those having budgets between INR 25-50 lakhs.

Projects

The hiranandani group under the banner “House of Hiranandani” has set up shop in the OMR region. These flats in omr chennai are strategically located and provide residents with the benefits of an easily accessible junction and a holistic lifestyle with the perfect blend of sustainable and luxurious lifestyles through the surrounding greenery.

Final Thoughts

The new working culture of co-working spaces along with the already established engineering, manufacturing and IT/ITeS industries, the OMR region should not be missed out on. Given its strategic location, the residents not only can benefit from connectivity, proximity to their offices, physical and social infrastructures but also a holistic lifestyle.