Is have brought a flat in Semmacherry 1 year back. It was really in confused state wehether to invest here. One of my friend brought a house for 34 l 3 bhk 3 years back. I told him you could have some where in north of Chennai, but fact of the matter North remains North and South of Chennai with IT companies procurement has really changed the design and structure of South.
OMR has become the one hottest place for IT with every half km in avarage from Start of Madhyakylash to Siruseri you can find a IT Company.
This percurment of IT companies has paved way for big hotels like HolidayINN,
Citadine hotel, Formula 1 has just opened 2017 alone.
This is not For real-estate Sholinganallur has become one diamond mine Area.
Rental, if you buy a flat in this area from day one you could get rental parties, Bachelor's are the favourites in this area with Universities like Sathyabama, St.joseph engineering college, Mohamed satak and it companies are bringing more more Bachelores to take up rented house!
I brought a house for 28 lakhs and now after 2 years price has shooted up to 45 lackhs .
So friends why you waiting for just go ahead and invest in OMR !