Overview of Mahabalipuram Road Area in Chennai

The Mahabalipuram Road, often known as Old Mahabalipuram Road (OMR) or Rajiv Gandhi Salai, thrives as a highly sought-after place in Chennai. It stands out for its thriving real estate market and superior infrastructure.

Connectivity and Accessibility

OMR extends as a 45 km arterial road connecting Chennai to Mahabalipuram in Kanchipuram district. Running parallel to the East Coast Road (ECR), it benefits from numerous significant link roads like the Thoraipakkam-Pallavaram Radial Road, Maraimalai-Adigal Bridge, and Medavakkam-Karapakkam Road. Key transport hubs are nearby, including Chennai International Airport (around 21 km) and Chennai’s main railway station (about 35 km).

Real Estate Market

In the OMR area, the real estate market is highly active, especially among working professionals, particularly those in IT. Hosting IT parks such as Tidel Park and SIPCOT IT Park, this area attracts major IT and BPO firms like Wipro, Cognizant, Tech Mahindra, and HCL Technologies. This has resulted in a lively residential scene with diverse housing choices: from apartments to independent houses and villas.

Property Prices

Property values on Mahabalipuram Road cover a broad range. For apartments, rates hover from approximately Rs 4,000 to Rs 7,700 per square foot. The average price averages around Rs 4,600 per square foot. With builder floors priced at Rs 4,800 to Rs 6,700 per square foot, and land rates from Rs 1,150 to Rs 2,200 per square foot. Significant growth has occurred; flat rates rose 24.3% while land rates saw a whopping 126.7% increase over the past decade.

Social Infrastructure

OMR features commendable social infrastructure: numerous esteemed schools like Vellore International School and Chettinad Sarvalokaa Education. Also, there are top-notch medical centers: Apollo Speciality Hospital, Supreme Hospital, and the Chettinad Hospital and Research Institute. Plus, shoppers can benefit from various markets, entertainment zones, and other amenities enhancing residents’ quality of life.

Rental Market

Renting in OMR provides various options. Monthly rent for properties spans from ₹35,000 to ₹1.5 lakh, like apartments or villas. For example, a 3 BHK villa in Vip Groovy Woodz will cost around ₹1.5 lakh per month, with a ₹1.20 lac deposit.

PropertyWala's Insight

Living on Mahabalipuram Road creates an appealing chance for both buyers and renters. Its perfect location, good connectivity, good social infrastructure, and the strong IT presence make OMR highly desirable. It offers both affordable and luxurious living spaces, with great potential for rising property values in the longer term. Whether you're a pro looking for a hassle-free, easily accessible place to live, or an investor hunting for a good real estate deal, OMR deserves your attention.