Is it worth buying Plots in OMR?

Investing wisely is often overlooked, with many people choosing to spend fortunes on liabilities rather than considering assets. This guide aims to help you understand the importance of investing in a plot in OMR. Old Mahabalipuram Road (OMR) has emerged as one of Chennai's most sought-after real estate destinations, often referred to as the IT corridor due to its concentration of technology parks and corporate offices. But the pressing question for potential investors remains: Is it worth buying a plot in OMR? In this article, we'll discuss the advantages, risks, and smart investment tips to help you decide wisely.

Why Buy Plots?

Although there are numerous residential options to choose from, it is generally recommended to purchase plots because the value of land tends to increase more than other types of properties. Buying land in a developing area like OMR can lead to high returns and low maintenance costs. Furthermore, purchasing residential plots in OMR allows individuals to create a home that fits their preferences. As Chennai continues to grow, these plots are expected to appreciate, making them a wise long-term investment. Additionally, owning a plot allows for the flexibility to design a home that suits specific needs and preferences.

Simply put, it's a brilliant decision to buy a plot on OMR Road, as it stands as the pinnacle of development and has become the ultimate investment destination of Chennai city. In fact, it is most desired by those who are looking to buy plots for investment and residential use. Featuring several tech hubs, prestigious residential communities, and future-ready infrastructural growth, this neighborhood will inspire you.

1. Affordable Price Point

With real estate rates going up, buying a plot in Chennai has become expensive, especially in the city. However, despite going through rapid globalization, OMR still offers affordable plots, which is the top advantage of buying plots in this IT expressway. Those on a tight budget can also buy a parcel of land here, and many investors are already securing plots due to the affordability factor.

2. Better ROI

Land offers higher resale value than residential structures and can also be a wonderful means for long-term investment. While houses and apartments may depreciate with age and wear, land tends to appreciate, especially if it's located in a desirable area. OMR is one of the most desired and smart localities to invest in Chennai now, as it's constantly undergoing residential, commercial, or infrastructural development. OMR is a suburban developing area with vast room for future development, so buying a plot now in OMR can yield higher returns on investment.

3. Several Investment Options

Anticipating the demand earlier, many real estate developers have come up with several layouts that promise affordable and well-planned plots. OMR is still developing and has large parcels of land available for both commercial and residential development. When one chooses to buy a plot in OMR, they will have several options to choose from, allowing them to select the property that aligns with their needs. OMR offers a mix of gated community plots, villa plots, and land.

4. Upcoming Development

OMR rhymes perfectly with development! The government has also seen the potential of this area and has come up with several infrastructural and next-gen projects to improve the quality of the working and living environment. Mass projects like Phase 2 of the Chennai Metro Rail aim to connect Madhavaram to SIPCOT. Additionally, the Tamil Nadu government has planned to build a 3-deck elevated corridor that will merge with the metro rail to offer seamless connectivity.

5. Connectivity and Lively Ambience

Many people buy a plot in the present to build their dream home in the future. Localities boasting good connectivity and a variety of top civic amenities are what influence families to live on OMR Road. OMR Road offers easy access to the coastal paradise of ECR Road and the commercial hubs along GST Road. Additionally, from here you can easily access the city to participate in lively events and enjoy the various food streets, malls, and entertainment spots. So plots in OMR are not just for investors; they are also a wonderful choice for future home builders.

Conclusion

No other suburb in Chennai can boast this many advantages, and yet come out on top as being affordable. So don't wait up, as now is the best time to grand your very own land on OMR Road. Do check out the listings of Plots for sale in OMR and find several verified plots listed here in roofandfloor.com