Oragadam is steadily climbing up the charts in the list of Chennai’s most preferred real estate hubs. It is one of the hottest locations for realty projects at present with leading developers coming up with prime projects such as VBHC Oragadam and many others. The question is, why should you consider Oragadam? Why is the locality witnessing such rapid growth, especially in its residential real estate sector?
The chief answer lies in the natural positive impact of abundant employment opportunities in the entire belt. Oragadam has always been one of the major industrial and automotive hubs of Chennai and with growing employment prospects, the residential market is naturally getting a boost. There are several multinational firms operating here and more than 1 lakh people are expected to shift to Oragadam within the next 3-4 years according to market experts, making it arguably the biggest realty hotspot in Chennai at present. South-West Chennai real estate will be transformed with the development witnessed by Oragadam and there are several infrastructural developments that are fueling these trends.
The first rail auto hub in India will soon be completed at Walajabad which is near the Sriperumbudur-Oragadam belt. This will enable automobile companies to easily transport their vehicles to several parts of India. Walajabad is also 10-40 km away from the major automobile hubs in Oragadam and surrounding areas like Singaperumal Koil and Sriperumbudur. These zones are dominated by major automobile makers like Hyundai, Nissan, Daimler and Ford. Rail connectivity to Sriperumbudur from Avadi will benefit Oragadam residents along with the 6-lane peripheral road to Ennore port from Sriperumbudur and the dedicated freight corridor between Bangalore and Chennai. The realty market here will also benefit from the development of the upcoming logistics and aerospace park at Sriperumbudur which will cover 350 acres.
The Hiranandani Group is also coming up with a mega IT park at Oragadam as part of its landmark Hiranandani Parks project. This 350 acre township will soon get this IT park that will cover 3.27 million sq. ft. This development will attract several leading IT and ITeS companies to the region and will create more employment opportunities, thereby sparking off another boom in the residential housing sector. More than 100 companies and multinationals have operations in Oragadam and this is a major driver behind residential growth here. Investing in Oragadam definitely ensures improved future prospects in terms of appreciation and overall physical and social infrastructure development.