OMR is a major road in suburban Chennai, India, which starts at the Madhya Kailash temple in Adyar in South Chennai to the south of Mahabalipuram in Kanchipuram district, merging with the East Coast Road. This is popularly called as the 'IT Corridor' because this stretch has become home to many IT/ITES companies. This road is also known as State highway-49A which connects the southern peripheral localities in Chennai such as Thiruvanmiyur, Palavakkam, and Neelankarai.Economy, Industry & Employment
Owing to the infrastructural development of this area, it houses some major IT/ITeS companies such as Satyam Computer Services, HCL Technologies, Accenture India, which makes OMR the IT Corridor of Chennai. The road harbours multiple micro markets such as Taramani, Perungudi, Thoraipakkam, Karapakkam, and Sholinganallur, generating a prominent real estate market with escalating demand for commercial and residential properties. Strong infrastructural development can be attributed to the area’s industrial, educational and residential progress. Improved road connectivity at OMR was a vital step in achieving a strong infrastructural base. This road network linked employees residing in Koyambedu or Vadapalani to the OMR stretch, increasing its realty appeal. All these benefits result in an immense increase in commercial ventures, thus leading to the overall growth.Infrastructure
OMR, also known as ‘Rajiv Gandhi IT Expressway’, plays a pivotal role in linking the multiple localities situated by the banks of this stretch. This area is sub-divided into segments which facilitates travel from Thoraipakkam to Pallavaram via Thoraipakkam-Pallavaram Radial Road. Vandalur and Kelambakkam can be reached from here via Vandalur-Kelambakkam Road. Other link roads of this stretch include Maraimalai Adigal Bridge-Irumbuliyur Road and Medavakkam-Karapakkam Road.
Guindy Railway Station is 14km away from this area facilitating local rail travel to various parts of the city. Chennai Central Railway Station is also located at a distance of 20km from OMR. Proposed government projects such as Bus Rapid Transit System (BRTS) on the road to Mahabalipuram and 6 lanes Expressway are bound to further this area’s real estate development.Real Estate
Good infrastructure, proximity to IT parks makes OMR a favoured real estate hub. It is one of most rapidly developing localities in Chennai, owing to its quality infrastructure and social amenities. Good connectivity to almost all destinations is another factor behind the huge demand for quality residential housing here. Tamilnadu Governement’s satellite township at Sholinganallur with IT Parks, arterial roads, schools, parks, playgrounds and bus terminus has worked as catalyst to the real estate growth of this area.
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