Chennai is a city that has a mix of everything. Art, culture, entertainment and businesses flourish quickly in Chennai if they are any good. Apart from all these places that are found in almost any other city of India, Chennai also has its own IT corridor where major corporate companies have set up shop. Among them are Cognizant, TCS, Wipro and many more. Old Mahabalipuram Road (OMR) in Chennai is a goldmine for real estate. It is fast developing into a major part of the city even if it takes a drive to get to and fro. The upcoming metro line from Tidal park to SIPCOT is just making the road much more prospective. Premium builders in Chennai have developed their properties on the banks of OMR and ECR which are two parallel roads that the city loves.
We can find similar patterns in Bangalore as well. But in Bangalore, the presence of IT giants is more prominent. Starting from Electronic city and lined with IT parks on both sides, the Ring road gives you a visual treat of the real IT bloom in Bangalore. As OMR is to the Chennai realty industry, Whitefield is to Bangalore. Many new residential projects in Bangalore are placed in Whitefield for all the right reasons.
It is growing rapidly into a small self-sufficient city of it own.
Real estate builders in Bangalore are offering more to their home-buyers than they are in Chennai at the same price. This is because of the fast growing demand and existing competition between major real estate players. This ultimately results in the improvement of the standards of living in the city and it’s giving the city a whole new experience of luxury living. Even though Chennai is not as utilised as Bangalore is in terms of realty, Chennai is rapidly growing on the OMR side. It wouldn’t be surprising to find Chennai in the same spot Bangalore is in another decade to come.