Investing in Oragadam? You may well be making a good choice. Oragadam has witnessed skyrocketing commercial and industrial growth which is expected to boost the residential real estate market significantly here. Oragadam is an attractive location for developers with its land parcels available at considerably lower rates and is transforming into a good location for developing new projects in suburban Chennai. Oragadam is one of the biggest industrial hubs in the city and is also an extension of the city.
Growth has been witnessed over the last few years in the Oragadam-Sriperumbudur stretch and many Fortune 500 organizations have set up shop here including leading automobile companies. There is decent railway and road connectivity and several professionals are migrating to the area in search of better opportunities. This growing workforce will naturally boost demand for homes in this part of town. The State Government is already taking up infastructural development in this stretch. The Tamil Nadu Road Infrastructure Development Corporation or TNRIDC has received funding from the State Highways Department and will be pumping in Rs.300 crore for the Oragadam Industrial Corridor Road. This will boost commercial activity further in the zone between the Grand Southern Trunk Road and Grand Western Trunk Road.
Ther eare several educational institutions nearby including the Don Bosco Matriculation Higher Secondary School, Doveton Correy Boys Higher Secondary School and the Chennai Corporation Higher Secondary School. Shopping and retail centres like the Abhirami Mega Mall, Spectrum Mall and Fountain Plaza are also located nearby along with leading hospitals such as the Stanley Hospital, Amrit Hospital and Abhijay Hospital. Oragadam is well connected to several aeras in Chennai like Chennai Central, Koyambedu bus stand and the Egmore railway station along with the Tambaram and Chromepet bus stands. The International Airport can be accessed within an hour as well.
Land is available at affordable rates and there is huge demand for housing in Oragadam. Developers like Ramaiah, Tata Housing and Hiranandani have already started their ventures catering to various market segments. Tata Value Homes is coming up with Crescent Enclave, the first plotted development in Oragadam while Ramaiah Properties is building independent homes at its project named as Oragadam Villa. Hiranandani, on the other hand, is coming up with the Hiranandani Parks mega-township. Capital values here vary between Rs.2,500-3,200 per sq. ft. and the region should experience swift growth in terms of physical and social infrastructure in the future. Oragadam offers good options for end-users and investors alike. There are several premium projects coming up here and the industrial progress of the region has certainly spurred housing demand. This gives buyers ample possibilities with regard to future appreciation and growth.
