OMR, Chennai

Old Mahabalipuram Road, better known as OMR and officially called Rajiv Gandhi Salai, is a 45 km arterial road stretching from Madhya Kailash temple in Adyar (South Chennai) to Mahabalipuram in the Kanchipuram district. Popularly referred to as Chennai's IT corridor, this stretch has grown from a quiet highway into the city's most dynamic residential and commercial address, home to sprawling tech parks, integrated townships, and a fast-expanding social infrastructure.

The area's growth story is closely tied to its office ecosystem. The corridor of Madhya Kailash to Siruseri contributes three-quarters of the state's software exports, with landmark campuses like Tidel Park, SIPCOT IT Park and Futura Tech Park anchoring employment for thousands of professionals. Global occupiers along the stretch include TCS, Wipro Technologies and HCL Technologies, which has made OMR one of the most sought-after rental and end-user housing markets in South Chennai.

As demand grew, OMR's suburbs graduated from quiet villages to organised residential clusters. Due to the tremendous growth of localities along OMR, the suburbs from this region were included in the limits of the Chennai corporation, and the presence of IT parks has resulted in the emergence of several reputed educational institutes. Today the corridor offers everything from high-rise apartments and gated townships to plotted developments, catering to IT professionals, families, and long-term investors alike.

On the pricing front, OMR remains one of Chennai's most actively transacted micro-markets. Average property rates per square feet in OMR, Chennai for flats stood around Rs 7250 per sq ft, and flat rates in OMR, Chennai changed by 7.4% in the last 1 year, 31.8% in the last 3 years, 52.6% in the last 5 years and 74.7% in the last 10 years. Rental demand is equally strong, with the average rental yield in OMR, Chennai at 6%, reflecting the steady inflow of working professionals into the corridor.