Comprehensive and updated explanation (2025) of the emerging real estate hotspots in Chennai: GST Road, OMR Phase 2, Ponmar, and Medavakkam Extension — covering connectivity, infrastructure, residential trends, pricing, and investment potential.

1. GST Road (Grand Southern Trunk Road)

Why GST Road is Booming:

• Major Transit Corridor: Connects Chennai city with Trichy and southern Tamil Nadu.

• Kilambakkam Bus Terminus: The new integrated terminal near Vandalur is now functional, reducing congestion in the city.

• Metro Rail Phase 2: New lines under construction from Airport to Kilambakkam via Tambaram.

• Industrial & IT Zone: MEPZ SEZ, Mahindra World City, and Oragadam belt drive employment and housing demand.

Residential Growth:

• Mixed developments: Flats, gated villas, and residential plots.

• Hot locations: Chromepet, Tambaram, Urapakkam, Guduvanchery, Vandalur.

Price Trends (2025):

• Apartments: 4,500 – 6,200/sq.ft

• Plots: 2,800 – 4,200/sq.ft

• Villas: 55L to 90L for 2/3BHK

Ideal For:

• End users, first-time homebuyers, long-term investors.

2. OMR Phase 2 (Navalur to Kelambakkam Stretch)

Growth Catalysts:

• IT Corridor Expansion: Siruseri SIPCOT, TIDCO Fintech City, and upcoming tech parks.

• Metro Rail Phase 2 (L Line): Improving access from Sholinganallur to Siruseri and beyond.

• Education Hub: VIT Chennai, Sathyabama University, Hindustan University.

• Infrastructure Boost: 6-lane roads, better drainage, and water supply projects.? Real Estate Development:

• High-rise gated communities in Padur, Thalambur, Egattur, Kelambakkam.

• Affordable 2BHK and 3BHK units with clubhouse, pool, gym.

Price Trends (2025):

• Apartments: 4,200 – 6,800/sq.ft

• Villas: 75L – 1.2 Cr

• Rental Yield: 3% – 5%

Ideal For:

• IT professionals, NRI investors, rental income seekers.

3. Ponmar – Affordable Villa & Plot Destination

What’s Driving Growth:

• Strategic Location: Lies between GST Road and OMR.

• Rising Demand for Villas: Affordable land value has pushed many builders to develop row houses and villa communities.

• Good Road Access: Easy access to Medavakkam, Kelambakkam, and Camp Road via Ponmar main road.

• Social Infrastructure Growing: Schools, hospitals, and retail zones are improving.

Types of Properties:

• DTCP-approved villa plots

• Builder-floor duplex villas

• Compact 2BHK homes under ?50L

Price Trends (2025):

• Land: 4,500 – 6,200/sq.ft

• Villas: 55L – 75L

• Apartment (limited supply): 4,000 – 4,500/sq.ft

Ideal For:

• First-time homebuyers, families looking for land/villa investment at lower cost.

4. Medavakkam Extension (Perumbakkam, Vengaivasal, Kovilambakkam Belt)

Key Factors for Growth:

• Location Advantage: Connects OMR, Velachery, and GST in under 20–30 minutes.

• Metro Rail Phase 2 – Corridor 5: Proposed metro stations in Perumbakkam and Medavakkam boost future potential.

• Proximity to Elcot SEZ: IT hub near Sholinganallur brings in rental demand.

• Strong Civic Amenities: Many schools (BVM, Velammal), hospitals (Global, Kamakshi), and malls nearby.

Real Estate Snapshot:

• Gated community apartments with 2BHK/3BHK formats.

• Ready-to-move-in and under-construction projects.

Price Trends (2025):

• Apartments: 5,000 – 7,500/sq.ft

• Villas: 75L – 1.3 Cr

• Rental Demand: High for 2BHKs from IT workforce

Ideal For:

• Working couples, investors looking for strong ROI & appreciation. 

Comparative Summary Table

Real Estate Expert Tips – 2025:

1.  Focus near upcoming metro stations (Medavakkam, Ponmar, Siruseri) for high appreciation.

2.  Plots in Ponmar and GST outskirts have long-term ROI potential with low entry cost.

3.  Gated communities in Medavakkam Extension offer good rental yield + family-friendly living.

4.  OMR Phase 2 is ideal for tech employees wanting a modern lifestyle near the workplace.

https://www.livehomes.in/blogs