The 50km stretch, that lengthens from Madhya Kailash temple positioned in Adyar correct up to the south of Mahabalipuram in Kanchipuram district, is named as recent Mahabalipuram Road (OMR) or National route forty nine A.
The road strategically unites with geographic region Road (ECR) and profits the foremost convenient technique of traveling between the southern peripheral areas in metropolis like Thiruvanmiyur, Palavakkam, and Neelankarai. The road harbours varied small markets like Thoraipakkam, Perungudi, Karapakkam and Sholinganallur, creating a outstanding real property market with increasing demand for residential flats available in OMR .
Affordable investment opportunities:
Locality provides residential flats, plots and individual villas within the budget of Rs. 20 lakh- 1.2 crore. 2BHK multi-storied flats available in OMR square measure offered from Rs. twenty hundred thousand and also the plots of 800 sq. ft. square measure obtainable at Rs. 4 lakh. most of villas square measure obtainable in OMR at the value of Rs. 30 lakh. therefore to shop for Properties in metropolis like OMR is reasonable for the patrons and it's extremely most popular for finish use.
Real estate trends:
The residential market of OMR is tormented by residential comes. Actually, many instances have shown a requirement over provide condition that has eventually given upsurge to a growth in property rates.
Maximum demand is for residences available in OMR a lot of specifically a pair of BHK configurations. As per the info of the past quarter of 2014, property rates have valued by eleven.1%. this average rate is Rs. 4300 per sq. ft. that has improved by Rs. 450 per sq. ft. whereas associated with ensuing quarter of 2013. because of the invasion of a lot of IT/ITES considerations, many integrated territorial division comes have launched on the passageway.
There also are a presence of amusement centres, hotels, malls and convenios to satisfy the varied necessities of the residents of OMR flats available. The prolific enlargement of housing on the Vandalur-Kelambakkam stretch has conjointly demanded the massive demand for public infrastructure within the space. Whereas affordability {may be|could conjointly be|is also} driving demand within the section and also makes IT staff to shop for properties in metropolis here.
Why The Property Buyers Are Moving Towards Omr?
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