Ventures in Chennai near OMR

Published On: 5 August 2026

Ventures in Chennai near OMR include over 250 housing projects along a 45-kilometer tech road where more than 500,000 IT employees work daily. This major road is officially named State Highway 49A. It runs from Madhya Kailash in Adyar all the way down to Kelambakkam. Today, companies along this corridor produce more than 40% of Tamil Nadu's total software exports. Homes along this route cost anywhere from ₹5,500 per sq. ft. in outer areas like Padur to ₹16,500 per sq. ft. in central hubs like Perungudi.

Many families choose to buy homes here to cut down their daily commute to major work parks. Famous employment centers like TIDEL Park, RMZ Millenia, and SIPCOT Siruseri sit directly along this line. Buying a home here also brings strong financial gains. Rental yields along OMR range between 3.8% and 4.5% every year, which is higher than the Chennai city average of 2.5%. Travel will become even faster once Chennai Metro Line 3 opens. This new 47-kilometer train line will connect Madhavaram to SIPCOT with 28 planned stations.

What Makes Housing Ventures Near OMR So Popular?

Residential projects near OMR offer high-rise flats, gated plots, and private villas across a 45-kilometer stretch. You can easily find budget 1 BHK flats starting at ₹30 Lakhs, as well as large 4 BHK luxury homes priced above ₹3.5 Crore. Most homes sit within a short 15-minute drive of 15 major IT parks that host over 1,200 companies.

Growing Home Values: Property prices across OMR neighborhoods have gone up by 35.8% over the last three years.
Easy Travel Links: Short connector roads link OMR to East Coast Road (ECR) and Chennai Airport within 25 minutes.
Good Local Schools and Hospitals: The area features top schools, colleges like SSN, and large hospitals like Gleneagles Health City.

Featured Project: Prestige Falcon City Chennai, Medavakkam–OMR Hub

Prestige Falcon City Chennai is a new 23-acre township with 2,170 flats spread across 22 high-rise towers. It sits on the Medavakkam–Sholinganallur Road, just 5 kilometers west of the main Sholinganallur OMR junction. Built by the Prestige Group, this project offers 2, 3, 3.5, and 4 BHK layouts ranging from 1,001 to 2,735 sq. ft. Early pre-launch prices start at ₹12,987 per sq. ft.

Project Detail	Official Figures
Land Area & Size	23 Acres \| 22 Towers \| 2,170 Apartments
Home Sizes	2, 3, 3.5 & 4 BHK (1,001 to 2,735 sq. ft.)
Starting Prices	₹1.30 Crore to ₹3.54 Crore
Pre-Launch Date	December 01, 2026
Official Launch Date	December 15, 2026
Construction Time	54 Months (4.5 Years)
Completion Date	June 30, 2031
Key Possession Date	December 31, 2031
TNRERA Approval	Pending (Expected Dec 2026)

Prestige Falcon City Chennai meets the rising demand for quality homes near the Sholinganallur tech belt. Located next to Gleneagles Global Health City, it gives you quick routes to both OMR and GST Road. The builder sets aside 80% of the land for open parks and adds a 70,000 sq. ft. clubhouse for residents.

Top Residential Ventures Near OMR Chennai (2026 Comparison)

Here is a simple look at top ongoing housing projects located along and near the OMR road:

Project Name	Location	Unit Types	Starting Price	Launch Date	Possession Date	TNRERA Registration
Jains Seven 77	Perungudi	2 & 3 BHK	₹1.1 Crore onwards	October 2023	May 31, 2026	TN/29/Building/0161/2023
Casagrand Codename Semmancheri	Semmancheri	3 BHK	₹95.5 Lakhs onwards	October 15, 2023	December 31, 2026	TN/29/Building/0382/2023
TVS Emerald Verde Vista	Padur	2, 3 & 4 BHK	₹75.9 Lakhs onwards	February 01, 2025	December 01, 2028	TN/35/Building/0044/2025
Felixa Sky Milano	Navalur	3 BHK Villas	₹1.5 Crore onwards	March 01, 2024	March 31, 2028	TN/35/Building/0112/2024

Key Details for Top Projects

1. Jains Seven 77 (Perungudi / OMR)

Jains Seven 77 spans 5 acres in Perungudi and offers 179 apartments across 2 high towers. It sits 2 km from TIDEL Park, making it great for office workers.

Dates: Launched in October 2023. Key handover begins May 31, 2026.
RERA Number: TN/29/Building/0161/2023.

2. Casagrand Codename Semmancheri (Semmancheri / OMR)

This gated project offers 3 BHK flats just 2 km from the main Sholinganallur junction. The average property rate is ₹8,728 per sq. ft.

Dates: Launched October 15, 2023. Handover starts December 31, 2026.
RERA Number: TN/29/Building/0382/2023.

3. TVS Emerald Verde Vista (Padur / OMR)

This 4.73-acre project in Padur features 355 flats in 3 towers. Homes start at ₹75.9 Lakhs and offer modern club facilities.

Dates: Launched February 01, 2025. Handover is set for December 01, 2028.
RERA Number: TN/35/Building/0044/2025.

4. Felixa Sky Milano (Navalur / OMR)

A small, quiet villa project in Navalur offering 3 BHK independent houses. Prices range from ₹1.5 Crore to ₹2.14 Crore.

Dates: Launched March 01, 2024. Handover takes place on March 31, 2028.
RERA Number: TN/35/Building/0112/2024.

Main Growth Drivers Along OMR

New roads, metro lines, and office expansions keep property values high across OMR.

Jobs Nearby: Over 500,000 people work in local offices, creating steady rental demand all year long.
Better Roads: Flyovers and elevated highways cut traffic delays at busy crossroad spots by up to 35%.
Strong Returns: Rents stay steady, bringing owners returns of 3.8% to 4.5% every single year.

Simple Buyer Checklist Before You Purchase

Follow these easy steps to buy a safe home near OMR:

Steps	What to Do	Why It Matters
Check RERA Details	Search the official TNRERA state website.	Keeps your booking money safe.
Inspect Water Facilities	Check for local RO plants and rainwater wells.	Guarantees good daily water flow.
Check Metro Distance	Buy within 1.5 km of a planned metro station.	Boosts your home's resale price.
Verify Property Legal Papers	Ask a lawyer to check 30 years of land deeds.	Prevents future legal disputes.