OMR, Chennai

Old Mahabalipuram Road (OMR) runs south from Perungudi through Sholinganallur, Siruseri and Kelambakkam, and has grown into Chennai's most significant employment and residential corridor. The stretch is home to prominent IT parks like Tidel Park, SIPCOT IT Park, and Ascendas IT Park, drawing thousands of IT and ITES professionals who now form the core rental and buyer base along the road. Once considered a speculative stretch, OMR has firmly transitioned into Chennai's most structured and high-performing real estate corridor, anchored by IT/ITES expansion and Global Capability Centres.

On pricing, average property rates per square feet in OMR, Chennai for flats stood around Rs 7,250 per sq ft, though premium micro-markets closer to Sholinganallur and Perungudi command higher rates, with some sources placing OMR's average property rate between Rs 12,000 and Rs 13,000 per sq ft in 2026. Appreciation has been steady rather than speculative: flat rates in OMR changed by 7.4% in the last 1 year and 31.8% in the last 3 years, while the average rental yield in OMR is 6%, among the strongest in the city.

Demand along OMR is now driven by fundamentals rather than sentiment. South Chennai, centred around OMR, contributes nearly 38% of the total residential sales in the city, and continuous influx of multinational back-office and R&D centres ensures sustained housing demand along the belt. This has pushed developers, including Puravankara, to launch integrated residential communities across Kelambakkam, Thoraipakkam and neighbouring micro-markets that cater to both end-users and investors.

Puravankara has an established footprint on this corridor, ranging from ready residences to commercial developments. Purva Swanlake is a residential venture on Old Mahabalipuram Road offering modern facilities and spacious 3 BHK apartments, while Purva Primus in Thoraipakkam on OMR offers premium office spaces with state-of-the-art amenities for the corridor's growing commercial demand.