Oragadam turns into major investment hub in Chennai

1 min read

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A couple of important factors that prospective investors and home buyers look into while investing in any project is the location and the connectivity or upcoming infrastructure, access to civic amenities and what the project itself has to offer in terms of security, prospects of property price appreciation and builder plans. The thriving industrial corridor of Chennai, Oragadam, also referred to as South Asia’s Detroit is one such upcoming and promising residential destinations to invest in property. Whether it is for a long term investment to get returns from or a choice of residence for your future, real estate in this belt is expected to see a rise in demand in the coming years.

In the last 4 years Oragadam has seen tremendous growth and is base to several manufacturing giants like Apollo Tyres, Samsung, Yamaha, Motorola, Flextronics, TVS Electronics etc. Most of the industries pertain to the automobile sector and international automobile majors such as Komatsu, Renault-Nissan and Daimler AG have their car manufacturing plants close to Oragadam. Other business organizations and MNCs like Infosys, Dell, Ford, Wipro, Hyundai, Saint-Gobain are also located in this belt creating a lot of job opportunities for residents in and around Chennai. The rapid development has been possible with the help of several state funded infrastructural projects. The 300 crore Oragadam Industrial Corridor Road provides good connectivity to Chennai and surrounding parts of Tamil Nadu.

Witnessing the industrial growth, Oragadam is now seeing investments by builders for residential projects. Oragadam foresees a surge in demand for residential property as the next real estate hot-spot in Chennai’s suburbs. Upcoming residential project by reputed builder Hiranandani offers to be one such promising residential project to be located in the heart of this well-developed suburban township.
Hiranandani Parks is spread across 400 acres complete with all kinds of modern day features and access to civic amenities that cater to needs of modern day home buyers. This well planned community is going to be a self-sustained township in itself offering open and green spaces with tree-lined avenues and good facilities and residential space that one would be happy to come home to.

Hiranandani Park will be strategically located having easy access to the Grand Southern Trunk Road and NH4. Several major roads link this belt to Salem and Bengaluru and thus rail and road connectivity will be smooth. The Oragadam Junction and the Singaperumal Koil railway station are the nearest rail stops while the Chennai International Airport is a mere 30-minute drive. Industries and business organizations in close proximity can promise an easy and hassle-free commute to work.

Industrial development, commercial spaces and connectivity to central parts of the cities have become major influential factors in the real estate growth of any township. The SIPCOT or State Industries Promotion Corporation of Tamil Nadu spanning across 347 acres and home to several industrial units is planning to expand even further to accommodate more industrial and business units in the coming years. Oragadam-Sriperumbudur belt is expected to become not only an industrial but also an economic hub for Chennai and living amidst a truly global township can be truly beneficial in the long run. Some of the premium projects in Oragadam include Arun Excello Lathangi, VBHC Oragadam and Arun Excello Temple Green to name a few.

Resident Editor