Buying an apartment in an ideal location is everyone’s wish. Apart from the wish, one of the most significant investments for the future. If you are looking for high returns on apartment investments, you should consider a prime location. In Chennai, the OMR is one of the most recognizable and prime locations, offering numerous opportunities for long-term investment. The decision to buy apartments in OMR is a profitable choice. Buying apartments in OMR not only provides you with a home, but its infrastructure and amenities also provide you with everything you need.
When it comes to buying an apartment in OMR, selecting the right real estate company is also crucial. Jain Housing offers a range of living space options, including luxury homes, affordable housing, and apartments in OMR tailored to meet diverse needs and necessities, all to world-class standards, because it has evolved into a thriving IT hub. By the end of the article, you will get an idea about why buying an apartment in OMR will be a good investment.
OMR is also known as Old Mahabalipuram Road, also referred to as Rajiv Gandhi Salai. This OMR road starts from south of Mahabalipuram to Madhya Kailash in Adyar. In the past two decades, there have been a lot of updates made to the OMR road. It has undergone a complete transformation, evolving into IT and tech hubs, educational and professional institutions, as well as residential and commercial complexes. The presence of IT parks, such as TECCI Park, SIPCOT, ELCOT, TCS, Accenture, Wipro, and Infosys, has not only boosted the local economy but also led to increased infrastructural development. The OMR area is well-connected by road and rail, making it a feasible location for both working professionals and families. Additionally, the construction of the Metro from a 45 km stretch in OMR is underway.
The OMR is a true residential hub in Chennai, offering easy access to numerous road connections to other localities across various zones of the city. With the demand and supply of apartments in OMR well balanced and the infrastructure well-organized to handle increasing demand, several reputed real estate giants, such as Jain Housing in OMR, are offering ready-to-move-in apartments. Whether you're looking to buy a flat in OMR, this stretch is the ideal choice.
Proximity to Workplaces
The connectivity is one of the main advantages of buying an apartment in OMR. OMR connects every other locality in Chennai. It is convenient to commute and travel to other connection roads from OMR, like Medavakkam-Karapakkam, ECR roads, Thiruvanmyur, and the Maraimalai-Adigal Bridge. In the travel along the link roads connected from OMR, the roads are filled with traffic. Avoiding traffic is the primary reason why people want to live near their workplace. When selecting an apartment in OMR, consider its distance from your office and the availability of convenient commuting options. The region is now constantly expanding with new projects, such as Metro rail, which aims to improve transportation and reduce traffic congestion, thereby making commuting easier and more efficient for residents.
Several planned and ongoing infrastructure initiatives have improved the future of this area in OMR. They are
Accessibility to Public Transportation
The main advantage of buying an apartments in OMR is that residents can easily travel to any area around Chennai without stress. In OMR, connectivity has been widely developed, offering good access to public transportation, which is essential for stress-free travel. Connectivity in OMR has enhanced significantly since the inception of the Kilambakkam bus stop. Inspect for the availability of buses, metro services, and other public transport options near the apartment in OMR. Connectivity to major roads and highways is also worthwhile for those who prefer driving. Indeed, the ongoing metro development will improve transportation and once again put OMR in the spotlight.
Educational Institutions
Another remarkable advantage is that nearby educational institutions are in OMR. Students should have a hassle-free educational experience and journey. In OMR, lots and lots of reputed educational institutions are located, confirming quality education for your children. Having reputable Schools and Colleges in the area is an excellent choice for people who are willing to buy an apartment in OMR. Indeed, it is one of the important aspects to consider while purchasing an apartments in OMR. Institutions like Sishya OMR, Gateway International School, and Hindustan International School offer top-notch education. And with colleges like SSN Engineering College, Hindustan University, and St. Joseph’s College of Engineering, there are a few of the options for those seeking higher education.
Shopping and Entertainment Options
OMR is not only renowned for its infrastructure, but also for its well-developed shopping and entertainment marts with family-friendly attractions. Nowadays, Living in a location that is nearer to shopping malls or entertainment zones is becoming a trending one. OMR adds to the feasible and quality of life, making it easier to complete your weekend plans. When searching for a new apartments in OMR, it's essential to consider the proximity to facilities like shopping malls and restaurants for appended comfort and convenience. Apartments in OMR offer various advantages, providing various amenities that set them apart from others, highlighting the noteworthy benefits of living in flats in OMR.
Profitable Investment
Investing in an apartment in OMR offers investors reasonable rental returns. Pros who work for IT organizations along the route make up most of the demand. Buying an apartment for sale in OMR is a highly profitable decision, as it is continuously evolving and more industrial startups are anticipated to emerge soon. Given this, it is expected that there will be an even greater demand for residential construction in this area in the coming years. Because of this, buying a flat in OMR will quickly yield very high profits and returns on your investment as your apartment's value increases.
Decide the entire budget
You must finalize your complete budget for your dream apartment in OMR. After that, you should approach the seller and the buying option. Many individuals make mistakes in this step. So, decide wisely and slowly. In case you came for the shortage of your budget, you can apply for home loans from banks. Alternatively, you may seek financial assistance.
Choose your apartment from a reputable real estate company
After finalizing the budget, create your dream list of an apartment in OMR. You must decide well to buy a flat in OMR from reputed real estate builders like Jain Housing. Jain Housing is a prominent real estate company that offers various options, ranging from cozy yet well-designed 1 and 2 BHK homes to spacious 3 and 4 BHK properties, developed by these leading real estate developers along the OMR in Chennai.
Select your suitable location
Choose the location that should be the most essential decision ever made. When you decide to buy an apartment in OMR, you must consider the nearby educational institutions, shopping, grocery stores, health stores, and entertainment facilities. Also, ensure your workspace is not too far away. Additionally, considering the future development in the locality before finalizing the location is crucial, such as upcoming metro points on the OMR IT Expressway, which will further enhance connectivity.
Shortlist by analyzing the real estate company online
Finding the best and most reputable real estate company through their online showcases. Filtering the better ones from the list of reputed real estate companies that sell apartments in OMR. A reputable real estate company like Jain Housing is well-versed in providing comfortable and convenient living spaces in every aspect
Check the legal titles and seller
The most anticipated phase, which should be a necessity to consider twice before going to buy an apartment in OMR. You must double-verify the property or flat’s title, confirm that the apartment in OMR shouldn’t contain any unpaid dues or mortgages. You should verify and check the property’s documentation with legal approvals. In that case, Jain Housing is a reputed real estate builder with a legitimate background, offering proper documentation and legalized authorization from the relevant authorities.
Arrange Finances and make the offer
If you've made up your mind that you are going to buy an apartment in OMR, it's time to arrange for the finance, and you can proceed with payment and related things. Before finalizing the loan, assess the bank's rate of interest and loan terms, and choose wisely one among them.
Register your apartment
At the end, register the apartment in OMR, for which the payment has been completed. Registration can help you access the property legally and ensure your rights are protected. Here, your documents will be verified. Next, you need to sign the documents in the presence of witnesses, and finally obtain the registered sale deed once the registration process is finished.
OMR is a rapidly developing neighborhood area in Chennai, offering numerous facilities, including high-standard apartments and flats for sale, educational institutions, lavish dining establishments, and an intricately constructed environment. If you decide to buy an apartment, OMR is a prime destination in the bustling city. If you are dreaming of having a luxurious living standard in flats in OMR, you can reach the Jain Housing real estate developers for help. It is expected that OMR will be developed entirely within the next few years, and the state government is encouraging more developers to invest in this area.
Is it good to invest in apartments in OMR?
Of course, yes. With a fastly growing area and a central IT corridor housing various IT hubs, tech companies, and educational institutions, buying a house or flats ranging from 1 to 3 BHK in OMR would be a wise decision. Get in touch with a reputed real estate consultant like Jain Housing for better guidance on this subject.
What are the top localities to invest in a home on OMR?
Thoraipakkam and Perungudi are the best locality due to their connectivity to Adyar and other central suburbs in the Chennai. Aside from these, Sholinganallur and its surroundings have seen a vast rise in popularity.
Is OMR a good place to live?
Yes, regarding the entire infrastructural growth, green spaces, and community facilities, it would be an ideal destination for buying apartments in OMR.
Who are the reputed builders in Chennai offering luxury apartments in OMR?
Jain Housing, House of Hiranandani, Brigade Enterprises, and Casagrand Builder are a few of the top builders who have come up with apartments for sale in OMR.
Which areas along OMR are best for buying flats?
High-demand localities in OMR include: Sholinganallur, Perungudi, Thoraipakkam, Navalur, Padur, Siruseri, Kelambakkam. These areas offer a mix of proximity, facilities, and good appreciation potential.
