Kelambakkam - OMR - Chennai
Investing in residential land and plots in Kelambakkam, along the OMR (Old Mahabalipuram Road) in Chennai, offers numerous benefits due to the area’s rapid development and strategic location. Here’s why Kelambakkam is a prime location for property investment:
1. Strategic Location
Kelambakkam is situated on the OMR, which is Chennai’s IT corridor. This stretch is home to many tech parks, multinational companies, and IT hubs, making it a hotspot for professionals looking to buy or rent homes close to their workplaces.
It also provides easy access to other key areas like Siruseri, Sholinganallur, and Thiruporur, as well as the ECR (East Coast Road).
2. High Appreciation Potential
As more businesses and IT companies expand in the OMR region, Kelambakkam is experiencing rapid infrastructure development. This growth is driving up land and property prices, offering strong appreciation potential for investors.
Ongoing developments in public infrastructure, including improved roads, schools, hospitals, and shopping complexes, will continue to boost property values in the area.
3. Proximity to Employment Hubs
Kelambakkam is near large employment hubs such as Siruseri IT Park (Asia’s largest IT park), which houses companies like TCS, Cognizant, and Infosys. This proximity ensures high demand for residential spaces, whether for purchase or rental.
4. Affordable Investment Options
Compared to more developed areas along OMR, Kelambakkam offers relatively affordable residential plots and land. This makes it a good choice for NRI investors looking to invest the real estate market in chennai at lower price points but with the potential for high future returns.
It also offers the opportunity to buy now and build later, providing flexibility to investors.
5. Excellent Connectivity
Kelambakkam is well-connected to Chennai’s major areas, including Tambaram, Velachery, and Sholinganallur, via OMR and ECR. This enhances the location’s appeal for both working professionals and families.
The upcoming Chennai Metro expansion plans will further improve connectivity, making the area even more accessible.
6. Developing Social Infrastructure
The area boasts good social infrastructure, including reputed schools like VIT University, Hindustan University, and hospitals like Chettinad Health City. This makes Kelambakkam an attractive residential area for families and professionals alike.
The presence has lots of shopping malls, restaurants, and recreational facilities also adds to the area’s livability.
7. Rental Income Potential
With a growing influx of IT professionals and students, there’s a high demand for rental properties in Kelambakkam. Investors can benefit from steady rental income, especially from those working in nearby IT parks.
It’s an attractive option for professionals seeking housing close to work, ensuring sustained rental demand.
8. Green and Peaceful Environment
Kelambakkam offers a peaceful and less congested environment compared to central Chennai. Despite being close to the city’s IT hub, it provides a serene living space with access to greenery and open spaces, making it attractive for homebuyers looking for a calm and family-friendly neighborhood.
9. Smart City and Infrastructure Growth
The area is part of Chennai’s ongoing infrastructure growth plans, with several smart city initiatives being proposed. This includes improved road networks, water supply systems, and public utilities, further enhancing the value of land and plots in Kelambakkam.
10. Future Development Potential
Kelambakkam’s strategic location between OMR and ECR positions it as a key zone for future residential and commercial developments. Investors can expect steady growth and increasing demand as the area continues to develop.
In summary, Kelambakkam offers a combination of affordability, strategic location, excellent connectivity, and proximity to employment hubs, making it an ideal choice for investing in residential land and plots in Chennai.