Oragadam is fast becoming one of the hottest real estate markets in Chennai and offers comparatively affordable properties as compared to several areas in the city. There are several affordable housing projects here along with mid-range options. Oragadam is being promoted as Chennai’s largest industrial corridor and several Fortune 500 organizations and other corporates have their industries located here. The entire Oragadam-Sriperumbudur stretch has been transformed rapidly over the years on account of skyrocketing development. The real estate market in Oragadam has been boosted by the migration of many professionals to the locality for employment opportunities. The State Government is also investing in infrastructural development here.
The Tamil Nadu Road Infrastructure Development Corporation (TNRIDC) has already planned an investment of Rs. 300 crore for the Oragadam Industrial Corridor Road. This is part of the Vision 2023 blueprint and funding will be garnered from the State Highways department. The project will boost connectivity between the Grand Southern Trunk Road and Grand Western Trunk Road. The area is home to several reputed educational institutions like the Doveton Correy Boys Higher Secondary School, Don Bosco Matriculation Higher Secondary School and the Chennai Corporation Higher Secondary School. Hospitals like the Stanley Hospital, Abhijay Hospital and the Amrit Hospital are located in the neighbourhood. Some of the shopping centres here include the Abhirami Mega Mall, Spectrum Mall and Fountain Plaza. Oragadam is well connected to bus stands in Tambaram, Chrompet and Koyambedu along with Chennai Central. The Chennai Egmore railway station and Chennai International Airport are well connected to the locality.
Oragadam is also witnessing the development of several premium projects like VBHC Oragadam. The area is also a hub for companies like Motorola, Ford, Renault-Nissan, Delphi TVS, Samsung, Bayer, Nokia, Essar Steel, Apollo Tyres, GE, Dell, JCBL Limited and many others. An Aerospace Park will be coming up in the vicinity and has the potential for creating more than 30,000 jobs. This will cover 245 acres and will be developed by SIPCOT and TIDCO. Close to 50 companies are expected to set up their establishments here. This will boost realty growth tremendously in the future.
