According to a leading real estate portal’s property index, Chennai has been the second highest gainer amongst south Indian cities for July-September 2015 quarter. Also, the announcement of Chennai being a part of the ‘Smart City’ initiative by the Indian government has struck the right chord, stirring positive sentiments in the market. Among other localities in Chennai, Oragadam has emerged as one of the safest and most-rewarding real estate investment destinations.
Oragadam is strategically located between the two arterial roads- National Highway 4 and National Highway 45. State Industries Promotion Corporation of Tamil Nadu (SIPCOT) and its initiatives have transformed Chennai’s cityscape and Oragadam has also benefitted from the same. It is the North-Eastern locale of Chennai and has become a burgeoning industrial and manufacturing hub.
Investment in Oragadam is projected to be very fruitful with an average capital appreciation of around 11%. Among proposed social infrastructural development in and around Oragadam is rail connectivity from Avadi to Sriperumbudur, dedicated Chennai- Bangalore freight corridor, a six-lane Chennai Peripheral Road from Sriperumbudur to Ennore port, widening of SH-57 (Singaperumalkoil to Sriperumbudur via Oragadam) to six lanes, a 350-acre aerospace and logistics park at Sriperumbudur.
Oragadam is marked by many upcoming residential developments. See this(embedded link to website) to know more about the top real estate projects in Oragadam.