OMR: Chennai's IT Corridor
Old Mahabalipuram Road, universally called OMR, runs from Madhya Kailash to Siruseri and beyond, and has grown into Chennai's most active real estate corridor on the back of its IT and ITeS economy. Indira Nagar and the nearby Adyar OMR stretch are among the most preferred residential areas in south Chennai, with connectivity offering easy access to OMR IT parks, ECR Thiruvanmiyur and central Chennai through buses, MRTS and major roads. The stretch is anchored by tech parks and campuses of TCS Siruseri, Infosys Mahindra World City, Wipro, Accenture and the SIPCOT IT Park, which together employ hundreds of thousands of professionals and drive relentless housing and rental demand across micro-markets such as Perungudi, Thoraipakkam, Sholinganallur, Semmancheri, Navalur and Siruseri.
Residential development along OMR ranges from mid-rise gated communities to large integrated townships, catering to the IT workforce that wants a short commute to office. Areas branching off OMR, such as Medavakkam, benefit from proximity to the OMR IT corridor, improving road infrastructure and upcoming metro connectivity, offering a balanced mix of accessibility, affordability and growing social infrastructure. This has made OMR a natural choice for both end-users working in the corridor and investors chasing rental yield.
On pricing, OMR is Chennai's fastest-growing IT corridor and a top investment destination in 2026, with average property rates of roughly Rs 12,000-13,000 per sq ft in its premium stretches, while portal data places Perungudi at around Rs 10,980-11,250 per sq ft, Sholinganallur at around Rs 8,150 per sq ft, and Navalur within a broad Rs 6,000-8,500 band, giving buyers a wide range of entry points depending on the exact micro-location chosen.
Infrastructure spend continues to reshape the corridor. Chennai Metro Phase 2 is a Rs 61,843 crore project adding new metro lines, including Corridor 3 from Madhavaram to SIPCOT via Porur, T. Nagar, Adyar and OMR, with 128 new stations and partial operations expected from 2026. This, combined with widened service roads and the OMR-ECR link road network, keeps the corridor's growth story intact for the next decade.
