Kelambakkam, on southern OMR about 32 km from central Chennai at the OMR–Vandalur-Kelambakkam Road junction, has 2 BHK flat prices of ₹42L–₹60L (₹4,500–₹5,800/sqft), driven by SRM University's 18,000+ student and faculty base and its proximity to Siruseri SIPCOT IT Park 5 km away. The locality has appreciated 18–22% over the past 24 months with a 3.5–4.0% rental yield.
Quick answer: Kelambakkam is the entry-level pick on the OMR south belt, priced well below Sholinganallur or Perungudi, with demand anchored by two durable sources rather than a single speculative driver: SRM University's 18,000+ students and faculty providing year-round rental occupancy, and overflow IT-employee demand from nearby Siruseri SIPCOT. That combination has produced 18–22% appreciation over 24 months, among the highest in Chennai's outskirt belt, alongside a competitive 3.5–4.0% rental yield. With multiple RERA-registered township projects from established developers and the OMR–GST Road junction giving residents two commute options, it suits budget-conscious first-time buyers and investors seeking an affordable OMR-adjacent entry point over immediate luxury or minimal commute times.
Overview of Kelambakkam, Chennai
Kelambakkam is a rapidly developing locality on the southern stretch of OMR, approximately 32 km from Chennai city centre. Sitting at the key OMR–Vandalur-Kelambakkam Road junction, it serves as the gateway to the SIPCOT IT belt and Siruseri, while offering substantially lower entry prices. SRM University (SRM Institute of Science and Technology) is the major institutional anchor, with its large campus creating year-round student and faculty housing demand. The locality has seen explosive growth with large residential township projects catering to IT employees, students, and first-time buyers who cannot afford Sholinganallur or Perungudi pricing.
Property Prices in Kelambakkam 2026
| Type | Price Range | Size (sqft) | Rate/sqft |
|---|---|---|---|
| 2 BHK Apartment | ₹42L–₹60L | 900–1,150 | ₹4,500–₹5,800 |
| 3 BHK Apartment | ₹60L–₹78L | 1,200–1,500 | ₹4,800–₹6,000 |
| Plot (1,200 sqft) | ₹20L–₹42L | 1,200+ | ₹1,800–₹3,500 |
Key Highlights
- SRM University campus — 18,000+ students creating perennial rental demand
- OMR–Vandalur-Kelambakkam Road junction — key gateway to south Chennai suburbs
- 5 km from Siruseri SIPCOT IT Park — IT employee overflow demand
- Multiple RERA-registered township projects by Casagrand, TVS, and regional developers
- Affordable plot developments for self-construction investors
- OMR Phase 2 expressway will improve north-south connectivity significantly
Connectivity & Infrastructure
Kelambakkam is at the junction of OMR (SH-49) and the Vandalur–Kelambakkam Road (connecting GST Road belt to OMR). This junction connectivity means Kelambakkam residents can choose between GST Road (for airport, Tambaram) and OMR (for IT belt, ECR) as alternate commute routes. SRM University hospital also serves as a major healthcare facility for the locality.
Investment Outlook 2026
Kelambakkam has appreciated 18–22% over 24 months — one of the highest rates in Chennai's outskirt belt. The combination of SRM University (student/faculty rental) and SIPCOT spillover demand creates year-round occupancy. 2 BHK rents: ₹12,000–₹18,000/month, yielding 3.5–4.0%. Best entry-level investment on the OMR south belt.
