Top Projects Under Rs 80 L In Chennai's OMR

One of Chennai's most sought-after areas, Old Mahabalipuram Road (OMR) is the sought-after location for real estate investors. Looking for new launches, under-construction or even ready-for-possession properties, OMR is where you should be headed to. Flanked by corporate offices and commercial spaces which help a burgeoning populace find a livelihood here, OMR is constantly climbing up the preference meter of homebuyers. As per data available with PropTiger.com, there are over 2,000 projects up for sale in OMR alone.

Here are some top projects you can bank on with if you have a budget of Rs 80 lakh:

Windemere

Purvankara's Windmere offers 1, 2, 3 and 4BHK unit with a super built-up area of 611-2,712 sq ft. The 1BHK units in this project will cost you between Rs 32-33 lakh while 2BHK units cost Rs 60 lakh. If you are looking at 3BHK units, the price starts Rs 91 lakh onwards.

The project is situated in Pallkarnai, close to the East Coast Road (ECR) and boasts social infrastructure in proximity. The project with 1,764 units on sale is equipped with features such as a squash court, a tennis court, a volleyball court, a badminton court, a basketball court, an aerobics room, a gymnasium, a swimming pool, a club house, a multipurpose room, a jogging track and other indoor games. The project was launched in April 2010 and the possession has started.

Check out construction milestones of Purvankara's Windmere.

Rental returns in Pallikarnai as per Makaan.com: Rs 7,000- 35,000 per month (2,3BHK units)

Purva Swanlake

Along the OMR, if Kelambakkam is your pick, Purva Swanlake by Purvankara could be your choice. The 2 and 3BHK units priced anywhere between Rs 53.40-75.80 lakh are up for grabs. The size range of these flats is 1,272-1,805 sq ft. There are 729 units in this project, launched in May, 2008.

The unique selling point of Purva Swanlake is its location, close to leading universities and IT parks. This ensures that even if you are buying it for the purpose of leasing, regular rental returns is assured as working professionals throng for a suitable home close to their workspace.

The project also boasts lifestyle amenities such as a gymnasium, a swimming pool, a clubhouse, a yoga room, Jacuzzi, a firefighting system, CCTV surveillance, and Wi-Fi facility. Besides, the structure is Vastu compliant, boasts a terraced garden and is close to many hospitals, schools, restaurants, banks, petrol pumps and parks. Vandalur Railway station is just 19 kilometers from this place.

Get to know about Purva Swanlake better. Click here.

Rental returns in Kelambakkam as per Makaan.com: Rs 8,500- 30,000 per month (1, 2,3BHK units, varies with respect to exact location and other factors.)

Opaline Sequel

Priced at Rs 4,450 per sq ft, Opaline Sequel by Olympia Group is in Navallur area. Starting at a price of Rs 50.50 lakh, it has 2,3 and 4BHK units at various price points. If your budget is Rs 80 lakh, you can bank on the 2 and 3BHK units in this project. Launched in June, 2014, there are 608 units.

What is the unique selling point of the project? Well, it is a gated community with a view of the backwaters. Besides, the company is offering free modular kitchens and air conditioners to all flat owners. The construction is being supervised by Larsen and Toubro.

Apart from the basic features, the project also boasts of amenities including, a meditation room, an air hockey and squash court, a skating rink, a banquet hall, backwater recreational facility, an audio and visual room, a beauty parlour, a polyclinic, a library, a cafeteria, 24/7 security system, and an equestrian school. The Club Opal at Olympia Sequel is a modern clubhouse to help the residents relax and rejuvenate.

Get to know the payment plan and other details here

Tejomaya

In Navallur, Emami Infrastructure has launched 498 units priced Rs 20.70 lakh onwards. The size of the apartments in Tejomaya range between 498 sq ft and 2,903 sq ft. The per sq ft value in this project is Rs 4,150 and within a budget of Rs 80 lakh, you can bank on the 1, 2, 3BHK units in this project.

The amenities include a gymnasium, a swimming pool, Jacuzzi, a children's play area, indoor games, a multipurpose lawn, banquet halls, a spa, a supermarket, an ATM and a 1.2-acre mangrove-styled orchard. Besides, Larsen and Toubro are overseeing the work here and the company expects that there will be price appreciation in the region due to infrastructure developments.  

For interior specifications of Tejomaya and more, click here.

Rental returns in Navallur area: Rs 13,000-2.25 lakh per month (1-5BHK units, rental values vary depending on various factors)

Siesta

Siesta, by PBEL is priced between Rs 38.70-58.20 lakh. It comprises of 2 and 3BHK units. Launched in July 2016, it has 68 units on offer. The super built up area is 1,033 - 1,552 sq ft.

Siesta is located in Thaiyur. Car parking, a club house, maintenance staff and power backup to use in the complex are some of the amenities provided for homebuyers. As for the location, Thaiyur is strategically located with respect to Grand Southern Trunk Road, East Coast Road and Old Mahabalipuram Road. It is only three kilometres from the SIPCOT IT Park which makes it a worthwhile investment by those who are working in and around this area.

Get to know PBEL's Siesta better.

Ashraya

Ashraya by BBCL comprises of 2 and 3BHK units in the size range of Rs 58.30-77.30 lakh. Launched in May 2014, there are 158 units in this project and you can invest in either a new or resale unit. The project is located in Thoraipakkam region and is priced at Rs 5,199 per sq ft.

Ashraya is located close to IT parks, entertainment complexes, schools, hospitals etc.

Rental values in Thoraipakkam are in the range of Rs 10,000-80,000 per month depending on factors such as the type of property- apartment, independent house, villa, the age of the building, brand of the developer, etc.

Find out more about BBCL's Ashraya here.

Midland

BBCL has another project in Sholinganallur by the name, Midland. Priced between Rs 39.40-73.80 lakh, it is a good buy. 108 new projects are up for grabs in this project. The super built-up area is 917 - 1,717 per sq ft and the project is priced at Rs 4,300 per sq ft.

The project boasts a well-equipped gymnasium, a kids' play area, a multipurpose room, a jogging track, a power backup provision and a closed car parking area.

Sholinganallur offers smooth connectivity to other areas in Chennai via road and rail. There are many reputed educational institutions, prominent hospitals, bank branches, shopping malls and recreational centres in the neighbourhood.

As per data with Makaan.com, rental values in this area is anywhere between 10,000-40,000 for 1,2 and 3BHK units. The availability of regular tenant pool makes the region a lucrative destination for investors.

Take a quick look at Midland by BBCL.