Investing in residential property can be a tricky game. With the market ever-changing, it can be difficult to know which is the best destination to invest in.
There are certain parameters in which a location suitable for property investment can be measured. Economic and job growth, population growth, and affordability. One location that scores high in all these criteria is Oragadam. It is no surprise that it has been the heart of property investment over the years.
1. The growing economic powerhouse
Popularly called the Detriot of India for the presence of 20+ Fortune 500 companies and several global conglomerates, Oragadam played a pivotal role in restarting the state’s economic slowdown post the lockdown in March. The real game-changer happened by late July when the industrial belt was able to corner a major chunk of the post-Covid investments that the state was able to garner.
The long list includes some of the biggest names like Daimler India Commercial Vehicles’ proposed expansion of its commercial vehicles plant at Oragadam, the third-largest outside Germany, Japan-based Polymatech Electronics, Apollo Tyres, BYD India, TPI Composites, USA, and more. Not to forget Salcomp’s investment of Rs 1,300 crore, which will create 10,000 jobs, and Foxconn’s plan to invest up to $1 billion to expand its manufacturing unit where it assembles Apple’s latest iPhone models.
Meanwhile, Greenbase Industrial Parks, part of the Hiranandani Group, is setting up a Rs 750-crore Industrial Logistics Park. It is expected to generate about 2500 jobs.
2. Excellent connectivity
Another appealing fact about Oragadam is its location. It well connected with the state’s two important highways namely Grand Southern Trunk (GST) Road and National Highway 4 passing through this neighborhood. The proposed greenfield airport at Sriperumbudur is just a one hour drive. Phase 2 of the Rs. 1400-crore Outer Ring Road project from Nemilicheri to Minjur is nearly complete. This connects with ring-roads at NH205 (GST), NH4 (Chennai- Bangalore), NH205 (Chennai- Renigunda), and NH5 (Chennai- Kolkata) and will further enhance connectivity to Oragadam.
3. The premium residential property market is rising
With a buzzing industrial activity and a steady growth of employment opportunities for the locals and expats, the area has turned into one of Chennai’s fastest-growing residential destinations with many families choosing to live there. Social infrastructure is now coming up, with schools, colleges, hospitals, restaurants, and places of worship already present.
4. Open green spaces and a non-polluted environment
Oragadam scores high on offering a clean and non-polluted environment. With 70% open green spaces, Hiranandani Parks, Oragadam offer the perfect environment for a healthy and happy lifestyle. Gardens, sports facilities, woods, and parks offer residents the space for physical activity, relaxation, peace, and an escape from the heat. Multiple studies have shown that these spaces reduce stress and boost mental and physical health.
5. There’s something for everyone.
With a wide choice of properties available, Hiranandani Parks, undoubtedly the biggest township in Oragadam, has you covered no matter what you are looking for. If you are after a long-term residential property or a profitable investment there are plenty of great options. You can choose from an array of residential and commercial options that includes luxury apartments, infra ready premium plots, and retail establishments. It offers owners, a high return on their investment and great rental yields and residents a great work-life balance and superior lifestyle
The 360+ sports-themed township has more than 40+ amenities that include equestrian facilities and a 9-hole golf course a unique feature that is not available in any other residential townships within this area. Check out www.hiranandaniparks.com to explore more facilities.
The future looks extremely promising for Oragadam. With a huge land bank, it is the natural choice for new companies, SEZs, and other govt projects which in turn will bring in more jobs. Thus making the neighborhood a popular choice for investment in residential properties.