If you are planning to buy a property on OMR, Padur could be the right choice for you to invest in 2019! There are many advantages to this location, Padur being one of the most promising localities of OMR, Chennai where you can find your dream home with high rental returns. The real estate investment in this area is considered to have high appreciation in the future as it attracts more potential homebuyers based on the current job growth for companies in this area.
Originally, Padur was known for its commercial growth but, now it is entering into its prime with increasing job openings & residential development into the urban living as well. Especially, OMR is now expanded to Kelambakkam & Padur, this is the time to invest in Padur to witness high price appreciation for your apartment in Padur.
The current status of Padur
Chennai has always been the favorite for potential investors. According to a recent survey, the project launches in Chennai are 35% high in 2018-2019 compared to the previous years. This has opened a gateway for more opportunities in the micro markets. In this case, Padur is one such regional hub that is now attracting buyers in the affordable segment. This is because of the proximity to IT hubs that is increasing demand in this location. Numerous reputed developers in Chennai are flocking to the It corridor to launch residential projects that are creating demand amongst the bustling 3+ Lakhs IT employees in OMR.
The future
As you know, the property prices in Chennai has been rising unbelievably in the past year. This means the property in the city is considered affordable today as it has high chances of price appreciation in the future. This is also another reason for the demand for apartments in Padur, OMR. The property prices have started to rise by 6% in the past 2 years.
Let me start by listing out the advantages of living in OMR
○ OMR is the one and only location in Chennai that promises high rental value. Also, Padur is already in the growth curve to fetch high returns in the future. So any property you buy here promises you good returns in the future.
○ People working in the bustling IT companies, on OMR like SIPCOT IT Park, TCS, CTS, Polaris, Accenture, Elcot SEZ can live close to their workplaces.
○ OMR is expected to have an elevated road and to have metro rail connecting Taramani to Siruseri that covers the distance of 17 km.
○ The property you buy is expected to have better capital appreciation whether this is your first home or your second.
○ With Muttukadu lake nearby, Kovalam and Mahabalipuram beach are less than an hour’s drive away.
○ No worries about your children anymore! You can now give your children the gift of life with quality education. Reputed educational institutes like Hindustan University, Sathyabama University, VIT University, etc. Schools like Velammal, Upscale school, JS Global, PSBB Millennium school etc are with in minutes drive from the apartments in Padur which saves time for your children to reach school on time.
○ Most trusted hospitals like Chettinad Hospital, Lifeline Hospital and Supreme Hospital are very close by properties like Million Carats in Padur. This is where you can find the affordable housing project from Urbanrise Million Carats which are right next to Chettinad hospital at your desired budget.
○ Not only this, there are various entertainment spots around Padur and you get to live in a location with good connectivity where Kelambakkam, Navalur, Sholinganallur, Medavakkam are easy to reach without taking hours.
○ Also, you can buy affordable apartments in Padur, OMR under PMAY scheme which is major attracting factor for people who desire to live in the IT corridor.
Padur is the best location where you can find affordable apartments developed using Revolutionary MIVAN Technology
Mivan technology based constructions are increasing in a huge number on OMR in the recent times.
Why? It is because of its increased strength, durability and good finish where you don’t have to compromise with quality.
It gives your apartment with smooth aesthetic finish and beautiful, strong and durable structure.
Most of the apartments with this construction methodology costs you loads. But, choosing affordable housing units can be advantageous as few apartments in Padur with this construction are priced starting at very unbelievable price range.
You can buy the right sized apartments in Padur with right price starting from Studio, 1 BHK, 2 BHK, and 3 BHK configuration.
Location advantages of Padur
If you are still confused about buying an apartment in Padur, Million Carats is the best you can choose to buy as the price is affordable than any other project in this location.
The location advantages are plenty if you decide to buy a property in this project. Some of them are listed in detail below.
Facilities in the vicinity
If you are an IT employee, no worries as you have your workplace just a stone throw away!
Some of the MNC companies which you see in the vicinity are SIPCOT IT Park, TCS, CTS in Siruseri, Polaris, ETA Tech Park, Accenture, and Elcot SEZ. You can reach to your workplace within a period of 30 minutes.
If you want your children to have best and quality education, reputed educational institutes are nearby to your apartment in Padur.
1. Reputed college like Chettinad medical research centre is reachable within 5 minutes from Million Carats. Hindustan University is also reachable in just 10 minutes time. Other colleges like Ananda Institute, Sathyabama university, VIT University and Mohamed Sathak Engineering College are located 15 mins away from Million Carats.
2. Likewise, Velammal school is also located 5 mins away from Million Carats which saves a lot of time for children to reach school. Other schools like Upscale school, JS Global school, HCL International school, PSBB Millennium school and BVM Global school are located 15 mins away from the project in Padur, OMR.
3. Hospitals such as Chettinad health city is located just 5 mins away from the property. Additionally, Lifeline and Supreme hospitals are located just 15 mins away from Million Carats apartments in OMR.
4. Entertainment spots like AGS Cinema, MGM, Mayajaal and Muttukadu are located at just 15 to 20 minutes away from the properties in Padur. You can visit these places whenever you like without worrying about the time it takes to reach.
5. Some of nearby places such as Kelambakkam is just 5 mins away from Padur. Navalur, Sholinganallur, Medavakkam and Marina Grand Mall are located just 15 mins away from Padur, OMR.
Also Read: Know the neighborhood of OMR, Chennai
Conclusion
Padur is the best location that ticks all your wants without any second thoughts!
1. Great location where you witness good social infrastructure, connectivity and nearby to all major IT Hubs in the expressway.
2. Padur is the only location on OMR where you can find affordable and spacious homes to own a home under your name in a very short time.
3. This is where you can encounter residential projects from reputed and trusted builders in Chennai with international standards and professionalism.
Indeed this is the best opportunity for all to buy your dream home. Centrally located in OMR, I was impressed to know they have such good amenities and are surrounded by almost everything that one needs for a comfortable living.
I was considering OMR as outskirts of Chennai and only for people who would stay in that area for a temporary period of time, until I came across this post. It is only after coming across this post, I came to know there are such wonderful builders doing such an amazing job. I am definitely considering this property for my next investment.