Invest And Upgrade To An Address In OMR Chennai
South Indian Cities all have their own IT parks and areas that are found to be populated by these companies. Usually on the side of a major roadway, to be well-connected, and quite lucrative in the stage when they are set up. Eventually, the areas around it get a complete revamp and then it turns into a real estate hot spot. The same is the case with the Old Mahabalipuram Road in Chennai. With the ambitious multi-lane corridor being built to ease the travelling needs of the city, there has been an anticipated sprouting of the IT, ITES, KPO and BPO companies around the area.
IT Corridor and OMR
IT corridor apart, the OMR itself is a major point of attraction. It begins from the Madhya Kailash Junction, Adyar and the long stretch is also home to the reputed and eminent educational institutions such as the Chennai Mathematical Institute. The road itself ends in Siruseri, where there is another IT Park set up called the Cyber City by the SIPCOT, that is surely going to enhance the property values in and around. Commutation lines are very unchallenging, what with the roadway right next door, and there is also no dearth of the residential properties as many developments are coming up rapidly.
Construction and Developments
As mentioned above, there are large scale development projects being set up for the residential and commercial needs. Incidentally, the growth of the IT sector has also begun to influence the other companies to take advantage of the availability of land in the area. Residential projects have helped to reduce the commute time for many of the employees of the companies in the area. Many investors are keen to expend funds because the demand is slated not to abate anytime, but only grow further. It is no wonder that the prices of the land and properties are skyrocketing in the area.
Benefits of Investing in Residential Properties
The reason why the real estate is burgeoning is not just to be attributed to the IT industries but the realtors who have set up ambitious projects to house the majority of the employees and the various other workers who have made the localities around their homes. The high end developments not only promise the very best of civic amenities but also access to the best schools, colleges, hospitals and all other communication lines. Owing to all of this, the residential properties in OMR, are sold for an average of Rs.4800 per square foot and the commercial properties can be rented for an average amount of Rs.45 per square foot.
The IT corridor, as it is known, is just beginning to fulfill its promise and will surpass its current stage very soon and quite rapidly.
IT Corridor and OMR
IT corridor apart, the OMR itself is a major point of attraction. It begins from the Madhya Kailash Junction, Adyar and the long stretch is also home to the reputed and eminent educational institutions such as the Chennai Mathematical Institute. The road itself ends in Siruseri, where there is another IT Park set up called the Cyber City by the SIPCOT, that is surely going to enhance the property values in and around. Commutation lines are very unchallenging, what with the roadway right next door, and there is also no dearth of the residential properties as many developments are coming up rapidly.
Construction and Developments
As mentioned above, there are large scale development projects being set up for the residential and commercial needs. Incidentally, the growth of the IT sector has also begun to influence the other companies to take advantage of the availability of land in the area. Residential projects have helped to reduce the commute time for many of the employees of the companies in the area. Many investors are keen to expend funds because the demand is slated not to abate anytime, but only grow further. It is no wonder that the prices of the land and properties are skyrocketing in the area.
Benefits of Investing in Residential Properties
The reason why the real estate is burgeoning is not just to be attributed to the IT industries but the realtors who have set up ambitious projects to house the majority of the employees and the various other workers who have made the localities around their homes. The high end developments not only promise the very best of civic amenities but also access to the best schools, colleges, hospitals and all other communication lines. Owing to all of this, the residential properties in OMR, are sold for an average of Rs.4800 per square foot and the commercial properties can be rented for an average amount of Rs.45 per square foot.
The IT corridor, as it is known, is just beginning to fulfill its promise and will surpass its current stage very soon and quite rapidly.
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