Overview

WHY KELAMBAKKAM - OMR?

Up until the turn of the century, the stretch of Old Mahabalipuram Road was an unending concrete jungle that held huge commercial promise but not many ventured to call that area home. Starting 2000 onwards, the city saw an increase in urban software professionals employed with some leading companies that are housed in the IT corridor or OMR. They saw value in the green surroundings close to their respective offices and started to invest there. They were happy then as homes close to work meant a shorter commute. They are happier now as their property values have appreciated manifold thanks to the Tamil Nadu government’s decision to further invest in the IT corridor along the OMR stretch.

TRANSFORMING INTO A RESIDENTIAL HOTBED

With demand for a workforce in Chennai’s IT and financial hub set to grow manifold over the next 10 years, several builders have announced new residential projects. The announcement of residential projects has outnumbered commercial launches for the first time in a long while in the OMR area. Add to this the announcement of world class international schools and reputable local schools setting up branches in the area are making the area more and more family friendly.

GROWTH PROJECTED

According to a CRISIL report, capital values in Chennai’s real estate sector are estimated to grow at a compounded growth rate of 4%, from the beginning of 2015 until 2018, with the Sriperumbudur and OMR micromarkets leading the recovery. The estimated growth in value in the two micro-markets has been pegged at 7% and 5%, respectively, in the next three years.

Established in the year 2012, Rithika Realtors (P) Ltd (An ISO 9001:2015 Company) has successfully stamped a role for itself in the real estate industry. Rithika Realtors has always been a path breaker in providing unlimited and high quality services to all its property owners. Rithika Realtors Private limited focusses primarily in development of the plots for residential properties. The concern has an exclusive trade model with remune rations arising from the development and rentals
The Rithika Realtors encompasses Trust, Reliability, Transparency and Excellence through our Team of Relationship Managers, Property Advisers and Counselors ultimately helping you to acquire the property of your choice or to get the buyer you want. In a truly electronic world of today, whoever let it be a Seller or Buyer, Rithika Realtors makes a different effort to give a human touch to your search.

Click to download