The Indian subsidiary of Denmark-based heating, ventilation, and air-conditioning (HVAC) firm Danfoss became the latest entrant in the long list of MNCs to expand or set up production units in Oragadam.
The firm started making drives at its Oragadam factory in September. These are extensively used in industries such as food and beverages, plastics, air compressors, and equipment manufacturers.
The company plans to invest Rs 100 crore to expand its production of power drives and it would also lead to a ramp-up of the workforce by 300people.
Despite the Covid-19 pandemic, Oragadam was able to corner a sizeable amount of the Rs 15,128 crore worth of investments TN had attracted this year. It includes companies such as Daimler India Commercial Vehicles and Salcomp.
Experts feel that the location has all the potential to be a major global contract manufacturer in areas such as automobile ancillaries, smartphones, electronic items, etc. It also has the required labour force in abundance.
Is this the right time to invest in a home in Oragadam?
Yes, say experts. The locality is fast becoming the most sought-after destination for home-buyers. Apart from the increasing number of prominent MNCs that include 22 Fortune 500 companies, Oragadam is home to many government-funded development projects like the Aerospace Park.
Infra on track
State Highway 57 connects GST Road (NH45) and NH4 along the Oragadam belt at a distance of 20 km. With road widening work on this stretch in full swing, improved connectivity levels have given a boost to real estate players to launch residential and commercial projects across the corridor.
Chennai’s new realty hub
As an increasing number of companies set up their units in Oragadam, there is an ever-growing demand for quality residential space. In fact, this hub is now one of the most preferred destinations for homebuyers in Chennai given the job opportunities, connectivity, and world-class living standards available at townships like Hiranandani Parks.
Life at Hiranandani Parks
Spread across 360+ acres, Hiranandani Parks offer multiple real estate options including workspaces as also luxury apartments, villas, and ready-to-build premium plots. A favorite with the expat community, many of whom work at the MNCs located nearby, the township is home to many Japanese and Korean families. The integrated township comes with unique eco-friendly facilities that enable residents to lead a green and healthy lifestyle. The township has its own water treatment plant that ensures pure water supply round the clock. A wide variety of fruits and vegetables are cultivated at the thriving organic farms. From essentials like a family hospital, school, and retail stores to amenities including an exclusive clubhouse and multiple sports facilities, it is aptly called ‘A city within a city.’
Visit www.hiranandaniparks.com to explore the 40+ amenities, themed gardens, and more.