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Best Place is OMR in Chennai
- March 7, 2025
OMR, the abbreviation for Old Mahabalipuram Road, weaves through the vibrant tapestry of Chennai, commencing its journey from Taramani and stretching gracefully to Mahabalipuram. Just two cycles of the moon ago, the land along this route was valued at around Rs. 15,000 per ground, yet today, it commands no less than a staggering 1 crore. This remarkable surge in valuation is intricately linked to the flourishing IT sector, where grand edifices shelter over 10 lakh diligent souls. With individuals hailing not just from Tamil Nadu but from far-flung corners of India, this thriving workforce fuels the ascent of property prices in this bustling corridor.
OMR has witnessed a remarkable surge in property values, soaring from Rs. 500 to Rs. 1500 over the past two years. The cost of an apartment begins at Rs. 45 lakhs for a 1 BHK, ascending to Rs. 80 lakhs for a 2 BHK. This upward trajectory in pricing is poised to continue in the near future. For those with a budget of Rs. 50 lakhs aspiring to secure a property in OMR, the quest may be challenging; however, a journey of 10 to 15 minutes from the main thoroughfare may unveil hidden gems within reach.

