Oragadam located on the outlying of Chennai, was sleepy with vast, silent tracts of land. But, nowadays the locality presents itself together of the fastest growing suburbs of Chennai. The locality called the most important automobile hub in South Asia evolving into a multi-faceted industrial zone and can soon be developed into self-contained areas with residential areas, hospitals and alternative social infrastructural facilities.
The Oragadam is the latest on the radar of many real estate developers in Chennai. This place is doing well in terms of infrastructure development. The locality has huge potential to grow in the next 5 years.
From a docile suburb to an industrial hub of Chennai, this can be how Oragadam has been remodeled in a very transient span of 5 years. With the state government signing MoU for putting in place auto majors enlargement plans, Oragadam has been driving the eye of each ancillary industries and property in Chennai developers to vary the skyline of town.
The city appropriately known as because the Detroit of South Asia has six international automotive producing firms. Some years ago the whole country created less than 1,000,000 cars. Today, six automotive producing plants within the corridor alone account for 1.28 million automotives to form Chennai joined of the highest ten international car producing centres.
A number of MoUs have recently been signed by the state government with the auto majors. Ashok Leyland-Nissan joint venture can invest Rs 4150 crore to line up a commercial vehicle producing plant in Tamil Nadu and most of the investment would be for the greenfield plant in Oragadam. Daimler India that incorporates a plant in Oragadam can double its investment within the state to Rs 4000 crore. Allotment of fifty acre of land has been created in Oragadam by the govt to line up a 2 wheelers factory by Royal Enfield, a unit of Eicher Motors at an investment of Rs 350 crore making three hundred new jobs. The proposed new investments would produce 3000 new job opportunities and extra 20000 indirect jobs.
An estimated 120,000 folks are currently utilized within the Oragadam-Irungattukotai-Sriperumbudur corridor. This can be expected to travel up to two hundred thousand as additional and more ancillary firms become operational within the coming back months.
There aren’t several residential property in Chennai to cater to the mid-segment and lower mid-segment within the space. Arun Excello has launched reasonable housing property in Chennai, Oragadam.
Hirco has undertaken the development of over 369 acres within the space. Additional developers like Inno Geo City, KGS, ETA Properties, Vijay Shanthi Builders and Tata Housing are developing residential property in Chennai. The state highways en route to Padappai can witness variety of residential property within the returning months. Land values are inching high attributable to surge in demand.
A number of state highways from GST road and Sriperumbudur are currently resulting in the Oragadam junction and with the growth of roads, connectivity levels can further improve. However, retail and entertainment centres, colleges and hospitals are the necessity of the hour to encourage a lot of individuals to shift to suburbs.