New Launches in OMR (IT Corridor) (Chennai, 2026)
By Property Point Advisory·Updated September 2026
In short
New launches in OMR (IT Corridor), Chennai are led by IT employment and Metro connectivity. The area averages about ₹9,950 per sq ft (Square Yards locality price-trends page, Jun 2026). New and under-construction projects offer better entry prices and construction-linked payment plans than ready homes, but verify RERA registration and the builder's delivery record before booking.
Why buy a new launch in OMR (IT Corridor)
The Old Mahabalipuram Road (Rajiv Gandhi Salai) is Chennai's IT and residential engine — home to SIPCOT tech parks, top schools and the bulk of the city's new launches, with the metro extension underway.
Early-stage pricing, wider choice of units and staged payments make new launches attractive here — provided the project is fully approved and RERA-registered.
What to verify before booking
- RERA registration on TNRERA — search the project and promoter
- The builder's on-time delivery track record
- Approved plan / FAR sanction and clear title
- 5% GST applies to under-construction homes (1% affordable)
- Avoid pre-launch bookings on land without final approvals — a common cause of multi-year delays
Numbers at a glance
- Average price: about ₹9,950 per sq ft (Square Yards locality price-trends page, Jun 2026)
- Price growth: about 7% year on year (Knight Frank India, India Real Estate H1 2026 (Jan–Jun 2026), H1 2026 vs H1 2025)
Good to know
Questions buyers ask
Are there new launches in OMR (IT Corridor)?
Yes — OMR (IT Corridor) has new and under-construction projects across price points. Register your interest for the current launch list and price sheets.
New launch or ready-to-move in OMR (IT Corridor)?
New launches are cheaper with more choice and payment flexibility (plus 5% GST); ready-to-move costs more but removes construction and delay risk. Choose by your timeline and risk appetite.
Is it safe to buy a new launch in OMR (IT Corridor)?
Yes if the project is RERA-registered on TNRERA, from a builder with a delivery record, on fully approved land. Avoid un-approved pre-launch offers.
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