In recent times, buying an apartment in Chennai has become a trend. People are willing to spend as much on apartments as they would on other property types. One of the major reasons to prefer an apartment is security. Indeed. the security that apartments offer is unmatched. With the foundation set right in deciding which type of property to buy, where you buy is also crucial to consider. That’s where OMR, with its multifaceted advantages, comes to help you.

Old Mahabalipuram Road, commonly referred to as OMR, is a major arterial road in Chennai. The history of OMR is both captivating and motivating, in fact once upon a time it was a mere outskirt, with limited development and amenities. However, the inception of Tidel Park in 2000, brought a highly appreciable change. This key road stretches approximately 45 kilometers from Madhya Kailash in Adyar to Mahabalipuram. Within a short span of time this corridor has undergone a rapid transformation and now it is the IT coridor of Chennai. If you are planning to buy property in this area, congratulations! You are making a lucrative investment and setting the right step forward.

Does buying any property anywhere guarantee significant returns? If you ask us, we'll say no. Regardless of how thriving the location is, note that there is competition among the neighborhoods in the city. So, careful consideration is crucial to ensure that the property meets your present and future needs so that you never regret about investment. The factors such as location, amenities, infrastructure, future development prospects, and financial aspects play a vital role in determining the suitability of an apartment. This article aims to provide you with a comprehensive guide that aren’t commonly discussed, in order to help you make an informed decision when buying an apartment in OMR.

Location Matters

Imagine buying an apartment in a place where you have to travel about 40 minutes to your workplace, schools are located about an hour away, and there are no hospitals nearby. Does it sound scary? Indeed, this highlights the importance of factoring in location and key amenities. Notably, flats are a reliable property investment only if you are willing to live in them or rent them out. So, while living in the apartment, you should ensure a comfortable stay and minimize energy and money spent on other needs like transport. Here is the list of things you must ensure to check before buying an apartment in OMR,

Proximity to Workplaces

While discussing the commute, proximity and location, let’s not forget the traffics in Metro cities and Chennai is no exception. Traffic is a nightmare in OMR, that is the prime reason why people wanted to live near their workplace. As living close to your workplace can significantly reduce commute time and enhance work-life balance. When selecting an apartment, consider its distance from your office and the availability of convenient commuting options.

Accessibility to Public Transportation

Good connectivity to public transportation is essential for hassle-free travel. Connectivity in OMR has improved significantly since the inception of the Kilambakkam bus stop. Check for the availability of buses, metro services, and other public transport options near the apartment. Proximity to major roads and highways is also beneficial for those who prefer driving. Certainly, the ongoing metro development will enhance transportation and once again put OMR in the spotlight.

Nearby Educational Institutions

Remember the stories our parents would narrate about their long journeys to school? Let’s not complicate it like that for our children. Let them have easy and comfortable stories to tell about their school journeys. For families with children, proximity to reputed schools and colleges is a crucial factor. OMR is home to several prestigious schools and colleges, ensuring quality education for your children. Evaluate the accessibility and distance of these institutions from the apartment.

Shopping and Entertainment Options

In this 21st century, a week never completely ends if there is no entertainment activity, it could be either movies, shopping or eating out with family in a restaurant. It has become a new tradition. In order to fulfill your weekend responsibility living in a location with easy access to shopping centers, malls, restaurants, and entertainment hubs adds to the convenience and quality of life. OMR is known for its variety of shopping and entertainment choices, making it a lively place to live. When looking for a new apartment, it's important to consider the proximity of amenities like shopping malls and restaurants for added comfort and fun.

Assessing Amenities

Apartments in OMR have the unique advantage of offering many amenities compared to others, highlighting the significant benefits of living in flats.

Essential In-Apartment Amenities

The availability of essential amenities within the apartment itself can significantly enhance your living experience. Look for features such as modular kitchens, modern bathrooms, balconies, adequate ventilation, and spacious rooms. Additionally, assess the quality of construction and the reputation of the builder.

Community Facilities

Community facilities like gyms, swimming pools, clubhouses, and recreational areas add value to the property and promote a healthy and active lifestyle. Check if the apartment complex offers these facilities and their condition and maintenance.

Security Features

Safety is paramount when choosing a residential property. Evaluate the security features of the apartment complex, including CCTV surveillance, gated entry, intercom systems, and round-the-clock security personnel. A secure living environment ensures peace of mind for you and your family.

Infrastructure Check

All we need is a comfortable place to live. Ultimately, the neighborhood we choose to settle down will drastically influences our overall quality of life. And so, living in an area with good infrastructure can greatly enhance your living experience. Here are some things to consider:

- Check the road connectivity to make sure that you have easy access to different parts of the city, including alternative routes and proximity to major highways.

- Ensure there is a reliable water supply and efficient sewage system in place for comfortable living. So that you do not have to put up with such a lack of basic civic amenities.

- Always keep an eye out for future developments like new roads, metro lines, and public facilities that could enhance connectivity and property values.

- Check for planned commercial developments nearby, as they can improve convenience and lifestyle for residents.

Financial Aspects

Before investing in an apartment or any property, it's important to plan your budget carefully. This is a big decision with the possibility of bringing in a good return on investment. When it comes to an apartment, it’s not just an investment but a place where you might spend a significant portion of your life. Given its importance, why not plan a proper budget?

Price Comparison with Similar Properties

Make sure to do thorough research before deciding on an apartment in OMR. This may take some time, but it is definitely worth it. This research will give you an idea of the market prices and help you make sure you're getting a good deal. Don't forget to take into account the location, amenities, and size of the property when comparing apartments.

Understanding of Maintenance Costs

Maintenance costs are ongoing expenses that can affect your finances significantly. It's crucial to know the exact amount you'll be paying each month or year for the upkeep of the apartment complex. These expenses cover things like keeping common areas clean, providing security, maintaining amenities, and other services. It's easy to overlook these costs, but they can really add up over time and catch you off guard if you're not prepared. Make sure to budget for these expenses when you're planning to buy an apartment.

Potential Rental Yields (For Investors)

Investors need to carefully consider the potential rental income when looking to purchase a property. By examining the rental market in OMR, you can get an idea of how much income you can generate from your investment. Properties in areas with good amenities and accessibility usually yield higher rental returns. It's also worth exploring options like offering PG accommodations to increase your rental income. By doing the necessary research on these factors, you can better understand the rental potential of your investment property.

Conclusion

When you are thinking about buying an apartment in OMR, it is a big decision that you need to think about carefully. Here is a quick recap to consider how convenient the location is, what amenities are available, how good the infrastructure is, the potential for future development, and the financial aspects of the purchase. It is important to do your research and make sure that the apartment you choose meets your needs and expectations. Before you make your final decision, do more research, visit the property, talk to current residents, and get advice from real estate professionals so that you can fully understand everything and make a smart investment choice.

Check out Flats for sale in OMR and find the ideal apartments that meet your requirements and align with the aspects mentioned above.