Why Land Investment Is Important in Omr Chennai | Dream Home

Property investment will be one of the biggest purchases you as an investor will ever make. Do we often hear that buyers ask themselves Where can we buy land in Chennai Which Location is best in the future? we would like to give some suggestion

Land Investment

Land can be used for many options to meet everyone's needs and ambitions. Whether residential or commercial, the idea of renting, selling or developing land depends on your financial expectations and abilities.

Renting land allows you to build residential buildings, which means you can achieve a stable income while increasing the value of the land while the property is being built.

Selling the land to a commercial or private investor and adding value over the years is also an option. Building land is the least common as it comes at an extreme cost, but it can be a massive commercial property.

A perfect example is a small shopping mall. Agriculture and livestock farming For many landowners who buy their land in rural or suburban areas, renting it out for many years for agricultural purposes is an attractive option.

This serves two main purposes for landowners: to generate money through lease and appreciation of value.

Some will leave a legacy to their grandchildren. Others will have the means to earn a good living from investing. We are all at different stages of investing. You may have just moved into your first house. The answer will vary depending on the circumstances.

We have compiled some guidelines to help you make a sound purchasing decision. Here are six important factors to consider before making your next investment. Before you plan an investment, you want to make sure that your finances are in place.

Why is buying for a plot in Chennai is extremely vital

For the past few years, the fashionable town, Chennai has shown nice development within the social, economic and education sectors.

Chennai is really a well-known town for varied reasons. Currently, it's changing into illustrious for property properties, plots, residences & villas.

Investing in property properties has become trending in Chennai. It is growing at an exponential rate. we are going to offer you robust Chennai is changing into the middle of employment & academic opportunities as several of the academic establishments and IT firms area unit established within the town.

Here are ennobling surroundings for obtaining each educational and career edges. the explanations for getting holding properties in Chennai has additionally inflated because of increasing accessibility of land for improvement, cheap housing in some elements of Chennai, rising wages and high interest rates.

OMR

OMR corridor is populated by several technology companies such as TCS, Cognizant, Infosys, Accenture, Wipro, Hexaware and Polaris.

The presence of these companies has driven up real estate prices in the region, both in the commercial and private sectors. Many IT companies are planning to launch in the region in the coming years.

it can be assumed that property prices show a high appreciation and a large rental potential.

This is an undeniable truth if you are considering investing here. Although the city is known for temporary fluctuations, it can also yield good returns in the long term.

One of the main reasons for this is the proximity of the ECR road to the Coastal where rules are in place to prevent high-rise building growth, which means that one can live along Omr Street and be close to Mother Nature and business parks. Although the road is highly urbanized,

it has plenty of greenery and promises an environmentally friendly environment to live in. As a result, real estate along the road will provide a real boost to the local economy, which is expected to grow rapidly in the coming years. Due to the scarcity of land and real estate, Plots are significant added value is for sale in Chennai-OMR.

Connectivity

Old Mahabalipuram Road in South Chennai connects adjacent areas, and residents of apartments along the road can easily reach the surrounding areas. Areas such as Chrompet, Velachery, Perumbakkam and Meenambakkkam are connected by this road.

The road also connects other parts of the city through a wide road network. The most important thing you notice on this street is that Chennai is very central.

The Old Mahabalipuram Road (OMR) will change rapidly, with the government planning a multi-storey high-speed corridor of Rs 3,088 in two phases to relieve it like an expressway.

The state government is planning an elevated corridor with two phases - Taramani-Siruseri Phase I (Siruseri) and Mahabalipuram Phase II (old) of the road.

The planning follows the acquisition of land for Phase II of the Chennai Metro's third corridor from Madhavaram to Sipcot. The metro project will become a high-speed line from SRP to Tool Junction.

An official source said that the Chennai Metro and the state government project will merge the old road with the new phase of the project in Taramani's Siruseri, which is 18 km long.

The elevated road and metro corridor will have a single pillar system with separate pillars at the street average. The elevated road will be on the first level and the ground for the Chennai Metro Rail on the second level.

The railway will have a third level at three major junctions, including Perungudi and Thoraipakam, and the elevated road on the third level will have entry and exit ramps and facilities on the first level. In the median, a single pier with a width of 250 metres is proposed.

On the two-storey high corridor, the passage height will be 5.5 metres, and at certain points, both decks will temporarily be one.

The highway will start at SRP Junction and end at Siruseri Junction, with entry and exit ramps at Perungudi Junction, Thoraipakkam, Sholinganallur Junction and Siruseri Junction. It will have a 12-foot bridge, scoping facilities, escalators, lighting, security and a 24x7 power supply.

The proposal for the highway envisages a traffic volume of 101.78 cars per hour, which is twice the capacity of the road.

Infrastructure

The physical and social infrastructure has been designed to accommodate some of the best hospitals, educational institutions, shopping malls and leisure facilities in OMR.

To reduce congestion, the state government is planning some infrastructure projects. The government of Tamil Nadu and the Chennai Metropolitan Authority are planning several projects in OMR, including the development of a new IT park and a business centre.

Water supply and sewerage will also increase the greenery in the area.

This project will not only boost the local economy but also real estate development.

It will make OMR a major business destination and attract further investment. The quality of life of OMR residents will inevitably improve as a result of this project. The second phase of the Chennai Metro is ambitious as it covers the entire OMR route and will encourage more development in the city.

Entertainment

Numerous landmarks of Chennai are located along the old Mahabalipuram Road and adjacent areas. In OMR you will find nature reserves, lakes, backwaters, museums, picnic areas, temples and cultural centres.

Chennai is known for its popular beaches, and not only that, it would be great to have your dream home on these beaches.

The beaches are ideal for spending time with family and friends. The Old Mahabalipuram Road is closest to some of the most popular beaches in Chennai such as Kovalam Beach, Olive Beach, Palavakkam Beach, Thiruvanmiyur Beach and ECR Beach.

You have complete control over the quality of the construction. Having a plot of land means that you have to take care of a few extra things that need to be done for you, as is the case with an apartment.

But the reward for a plot is higher than ever. Apartments: The furnishing of apartments is hassle-free while making money is simple.

If you're a short-term investor, you're in for the long haul. Here's how to decide where to line up to help you make the right decision.

A comprehensive guide to the right investment. If you are thinking long term, plan your best choice to create wealth by creating assets.