BusinessWire India

#Oragadam: New Real Estate Hot-spot in Chennai's Suburbia

BusinessWire India

In today’s fast-paced urban life, one seldom has the time to actually live the moment – but for home seekers in Chennai, this is about to change. A pioneer of mixed-used integrated township development, Hiranandani Communities brings in its expertise to Oragadam, through its mega 400acres project Hiranandani Parks. The mega township with a sports theme, where world-class amenities been built amidst lush green open spaces ensures that the resident can experience peace - within a vibrant and conducive living environment.

Why Oragadam for Hiranandani Communities to create Hiranandani Parks? The CMD, Hiranandani Communities Dr. Niranjan Hiranandani explains why: Oragadam is also known by the sobriquet, Asia’s Automobile Hub. This translates into demand for residential real estate in not just present day, but also the future. “As a real estate destination, it is developing at a fast pace, and turning into not just a global automobile hub but also an industrial and Info Tech centre,” he points out.

For a home seeker, the product mix in Hiranandani Parks is perfect, said Pankaj Kapoor, Managing Director, Liases Foras, a real estate advisory firm. In that micro market of Oragadam, Hiranandani Parks stands out. The price point on offer appears to be reasonable considering the amenities, facilities and socio-civic infrastructure it offers. Oragadam is a biz hub with Japanese and other multinational firms offering employment for those who will end up being prospective customer. I would say that this micro market powers its own economy, added Pankaj Kapoor.

Consider the statistics: over 100-plus global conglomerates are located in and around #Oragadam, offers close to 3 lakh jobs – which translates into the need for residential demand to house the large human resource. In addition, an estimated FDI of 16 billion USD has been invested in the auto hub.

Research suggests over 1 lakh residents will settle in Oragadam over the next three years, and the Hiranandani Parks team believes #Oragadam is on its way to becoming the next real estate hotspot in South West Chennai’s suburban areas. The development plans that will enhance the attractiveness of this suburb include the new international airport and an advanced road and railway network.

The country’s first rail auto hub will soon come up in Walajabad, near Sriperumbudur-Oragadam belt to help automobile manufacturers in the region to transport vehicles to other parts of the country. Walajabad in Kancheepuram district is 10-40 km from the major auto hubs of Oragadam, Sriperumbudur and Singaperumal Koil where major OEMs such as Nissan, Hyundai, Ford and Daimler are present. With an initial holding capacity of over 300 four-wheelers; this auto rail hub also has good road connectivity to the production and consumption centres.

Upcoming infrastructure projects the area include rail connectivity from Avadi to Sriperumbudur, dedicated freight corridor from Chennai to Bengaluru, a six-lane peripheral road from Sriperumbudur to Ennore port, and a 350-acre aerospace and logistics park in Sriperumbudur. Other major causes of development are few of the government initiatives which sounded quite promising but not yet taken off the ground. The government planned to connect the Grand Southern Trunk Road (GST) and the Grand Western Trunk Road, both of which are national highways, by building the Oragadam Industrial Corridor Road. This development would have given the much required impetus with this established connectivity. The national and international manufacturing plants of industries other than automobiles will also get more recognition.

#Hiranandani Parks, Oragadam rightly positioned on the state highway will be best option for housing the growing needs of residential demand arising out of commercial establishment setting up. The township offers right product mix for the end users to buy out residential house units, villa plots and rental option to facilitate walk to work option. Like other integrated townships from Hiranandani Communities, Hiranandani Parks offers customers options which well - designed spacious luxury apartments and villa plots for those with an aspiration to live better standard of life.