OMR, Chennai

Old Mahabalipuram Road, popularly called OMR, has grown from a quiet coastal stretch into Chennai's most important employment and residential corridor. Known as Chennai's IT corridor, OMR is a hub to major tech parks, MNCs and premium residential developments, with the Tharamani-OMR belt emerging as the city's IT and innovation hub. OMR is a hub for major IT companies like TCS, Infosys, Wipro, and Accenture, and this proximity to workplaces makes it a preferred location for working professionals in the IT sector.

The road runs from Madhya Kailash all the way to Siruseri and beyond, threading together established micro-markets like Perungudi, Thoraipakkam, Sholinganallur, Siruseri and Navalur. Each of these pockets has developed its own character while staying tied together by the same arterial spine, giving homebuyers a mix of ready high-rises, gated communities and newer launches within a single corridor. Anchored by IT/ITES expansion and Global Capability Centres, OMR now represents a stable, employment-driven property market, maturing into a self-sustaining urban ecosystem that combines residential, commercial, and social infrastructure.

On pricing, OMR continues to sit in the mid-to-premium bracket for Chennai. Prime stretches of OMR, along with Adyar and Velachery, see prices ranging from ₹6,000 to ₹15,000 per sq ft, driven by IT hubs, schools and daily convenience leading to steady rental demand. Chennai's established IT corridor remains a blue-chip investment, with mid-segment prices between Rs 5,000 and Rs 9,500 per sq ft making it accessible while steady IT sector demand ensures consistent appreciation and rental income.

What makes OMR compelling today is that the speculative phase is over and the demand is now driven by real jobs and real families. South Chennai, centred around OMR, contributes nearly 38% of total residential sales, with the corridor holding roughly 80% of the city's Grade-A office space and a continuous influx of multinational back-office and R&D centres ensuring sustained housing demand. For a family looking at long-term value alongside everyday convenience, OMR offers a rare combination of workplace proximity, social infrastructure and steady appreciation.