How Connectivity Improvements Are Influencing OMR-Siruseri Property Prices

Introduction: OMR – The IT Heartbeat of Chennai  

The Old Mahabalipuram Road (OMR), the beautiful 45-km stretch spanning from Madhya Kailash in Adyar to Mahabalipuram, is undoubtedly the vital growth corridor of the city. Over the past two decades, OMR has transitioned from a relatively quiet stretch to a bustling IT hub and a much sought-after residential destination, thanks to its robust infrastructure, world-class IT parks, and growing residential appeal. Let us trace the development of OMR focusing on the major boosters of development and shed light on the future prospects for this place –

Tracing the Development of OMR  

OMR’s rise to prominence can be traced back to the 1980s when it was a simple two-lane road, serving as a direct link between the city of Chennai and Mamallapuram.  However, it wasn’t until the construction of Tidel Park in the early 2000s that OMR began to realize its full potential. The establishment of Tidel Park, followed by the development of the SIPCOT IT Park in Siruseri, the largest IT Park in Asia, marked the first major surge in OMR’s real estate scenario. The quiet corridor transformed into Chennai’s IT hub,  and later in to a growing residential market attracting IT and ITeS professionals, leading to a rapid appreciation in property values.

Infrastructure Developments and Connectivity: The Game Changers  

One of the most significant factors influencing OMR’s real estate growth has been its continual infrastructure improvements, particularly in terms of connectivity. The road initially saw the construction of flyovers and underpasses to manage growing traffic volumes. Over the last decade, however, the government has been working on even many ambitious projects to make OMR a seamless transit corridor.

Metro Expansion: The Phase 2 extension of the Chennai Metro Rail is set to revolutionise connectivity along the OMR-Siruseri stretch. With this project, a 118.9 km metro line will connect Madhavaram to SIPCOT, covering areas like Sholinganallur, Navalur, and Siruseri. The completion of this phase will provide a significant boost to property prices along the corridor, especially apartments in Siruseri and its neighbourhood.  The reduction in travel time and convenience offered by the metro will make commuting easier, particularly for IT professionals employed in the IT Hubs along the OMR .

Multi-Deck Elevated Transport Corridor: To further ease traffic congestion, the Tamil Nadu government has proposed a three-deck elevated transport corridor along OMR. This ambitious project will not only merge with the metro route but also provide a multi-modal transit system for residents. Once completed, the corridor will offer seamless connectivity for the residents of apartments in OMR, further propelling it as a prime residential and commercial hub.

Peripheral Ring Road: Another significant development booster for connectivity is the Chennai Peripheral Ring Road, which would link four national highways and eight state highways. This road will improve connectivity between Chennai’s suburbs and the city centre. It is estimated that the travel time from Mahabalipuram to Sriperumbudur will reduce to just 40 minutes once the project of Chennai Peripheral Ring Road is completed. This will further enhance the value of flats in Siruseri and its neighbourhood.

 A Future-Ready Investment Destination  

OMR’s property market is one of the fastest-growing in Chennai, as the average transaction rate of a flat in the buzzing Siruseri neighbourhood is around 7,500 per sq ft.  The IT corridor’s growing influence, combined with excellent social infrastructure — including international schools, hospitals, and entertainment zones — makes it a well-rounded residential destination. Many prominent real estate developers have launched integrated townships with premium modern apartments in the growing Siruseri neighbourhood to cater to the rising demand from IT professionals.

In terms of real estate investment, the future looks incredibly bright for OMR and makes it an investment hotspot for both residents and non-resident Indians (NRIs).

Conclusion: The Best Real Estate Bet for the Future  

The transformation of OMR from a quiet stretch to a bustling IT corridor is due to the power of infrastructure development and strategic planning. Connectivity improvements, both existing and upcoming, are playing a pivotal role in shaping the property market along OMR, particularly the IT hub of Siruseri. With future-centric projects like the Metro expansion and multi-deck transport corridors in the pipeline, this area is poised for even greater growth.

For those looking to invest in real estate, apartments in the IT hub of Siruseri offers immense potential. For the first-time homebuyers and seasoned investors, flats for sale in the IT Hub are undoubtedly one of the best decisions for the future. The blend of urban living, connectivity, and future development makes OMR a truly promising destination to own one’s dream home.

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