Why invest in Flats in OMR (Siruseri)?
Over the last few years, most people living in Chennai is moving into the southern suburbs like OMR, Siruseri etc. It is because of the connectivity, facilities, and expanding employment opportunities available in abundance in these areas.
Siruseri is one of the fast-developing areas of Chennai which is located in between Navallur and Kelambakkam. Siruseri is located close to the industrial zones of Chennai and it's IT corridor as well. Besides this, It is well-known for its extraordinary civic amenities and connectivity with other parts of the city.
In addition, with well-established schools, colleges & other educational institutes on the rise, Siruseri is the perfect destination for investments to strike gold in the real estate market in the near future.
Property Market in Siruseri:
Siruseri is the home to Asia’s largest 980 acres SIPCOT IT Park. The State Industries Promotion Corporation of Tamil Nadu Ltd has developed the IT Park around 1000 acres of land at Siruseri. This is simply known as the Island of IT companies whose wish is to build their own campus.
This IT Park is proposed to have all basic facilities like sound infrastructure, separate Substation for power supply & telephone exchange with high-speed data connectivity and other basic amenities. Many IT companies have made Siruseri its working spot; more are joining the bandwagon closely to keep the completion high.
This IT corridor has given rise to the surrounding residential area in the South Eastern suburbs of Chennai. This place is throbbing with high potential IT professionals and their families, thus giving rise to the demand for residential flats in OMR, Siruseri for accommodation.
The popular locations next to Siruseri are Perungudi, Sholinganallur & Taramani located nearby. Residential projects available in this part of Chennai ranges from affordable to luxurious accommodations.
Though the property prices have been skyrocketing in this area, there are still many great options which are coming up in the affordable category – with all the great amenities you would come to expect with the luxury segment. In fact, this is defined as the Aspirational Housing segment.
Here are the reasons why you should invest in Flats in OMR Siruseri
a. Connecting Hot Spots across the City
Just off the OMR, Siruseri connects most well-developed roads & locations of Chennai. To name a few that are connected with Siruseri are Velachery-Tambaram Road, Rajiv Gandhi Salai and Kalaignar Karunanidhi Salai. Siruseri also has great bus services along Perungudi, Thoraipakkam and Sholinganallur.
In addition to road connectivity, one can avail railway services from Tambaram & Guindy railway stations. Added to the advantage of Siruseri, the Guindy Metro station and St Thomas Mount Metro station falls in close proximity. If you want to fly, the Chennai International Airport is just an hour away.
b. High Demand for Apartments in OMR
With over 1+ lakh workforce employed in Siruseri SIPCOT & surrounding IT Parks, the demand for residence is extremely high. The possibility of finding potential tenants is also high should one choose to invest in Siruseri residential segment.
I. The TEK Meadows and the TECCI park are located around 40 mins away.
II. The Bahwan Cybertek IT Park, the Alpha City SSPDL and the Pacifica Tech Park are just 25 mins away from Siruseri approximately.
III. The ASV Suntech Park and the Prince Infocity are another 2 hubs located an hour away from Siruseri.
So, if you are planning to invest in apartments in OMR, Siruseri , then you are making the right choice. Working professionals from these organizations would love to live near their workplace rather travelling far to the workplace.
Whether you choose to buy flats in OMR Siruseri SIPCOT IT Park or nearby areas, there is cent per cent possibilities of getting tenants back to back. Your investment in property would never go in vain rather; your passive income from it will contribute to your monthly expenditure.
The resale value, according to the real estate experts is that the depreciation in the past few years is equivalent to nil in Siruseri.
c. Best of both worlds - Education + Entertainment
Siruseri is surrounded by top-notch schools, colleges, universities and entertainment spots as well.
With regards to the real estate price trends in Siruseri in line with the rising demand, the locality is proved to be a good investment choice. Excellent price appreciation of the property is expected with the numerous projects being developed in the locality. Since the area is close to the industrial zones of Chennai and being termed as an IT corridor, the scope of infrastructural development is very high. What more is required? Invest in flats in OMR Siruseri & reap the benefits today, tomorrow and in future.