Report by IndiaPropetry.com
Some of the Problem areas:
· As of today, the capital values are
appreciating but most of the localities on OMR lack liveability
· Beyond lack of social infrastructure, the
area lacks basic amenities like sewage lines, municipal water,
security, water logging, service roads,
foot paths
· Connectivity is another big issue faced
by residents and office goers along with everyday traffic
congestion
· Small villages still exist along Phase 1
of the road creating bottle necks
· There are projects announced by the
government but unless work happens these micro markets will
not become preferred destinations by end
users
** Localities close to the Perungudi Sewage Treatment Plant frequently
face issue of sewage over flow leading to foul smell and blocked roads
Recent Infrastructure Projects announced to
improve connectivity:
** Elevated corridor on OMR connecting Chennai
city to
Mamallapuram - Feasibility Stage
** Three
new bridges connecting ECR and OMR at Neelankarai,
Palavakkam and Kottivakkam - Design and Approval Stage
Flyover connecting Old Mahabalipuram Road and
East Coast Road
(Tidel
Park Junction – Lattice Bridge Road – ECR) - Design and Approval Stage
Outlooks
** There are speculations in the market that there is a
possibility of OMR suffering from oversupply situation in the future
** In our view going forward growth in Chennai would not
solely be determined by the IT/ITES sector, but also the transport corridors of
in progress projects
** Infrastructure development would play vital role in making
localities on OMR liveable
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