Oragadam – fastest growing suburb in Chennai

Chennai

Till a decade back, Oragadam, a town located on the outskirts of Chennai, was sleepy with vast, silent tracts of land. But, today the locality today presents itself as one of the fastest growing suburbs of Chennai. The locality known as the biggest automobile hub in South Asia, is evolving into a multi-faceted industrial zone and will soon be developed into self-contained areas with residential spaces, educational institutions, hospitals and other social infrastructural facilities.

Due to the rapid industrial development, the area has caught the eye of builders, which further created a splurge in residential and commercial activities in the Oragadam region in the last few years.

Residential scenario

As more and more manufacturing units have started their operations around Oragadam, the residential demand in the locality is also seeing upward trends. To cater to the growing demand and working population, there are many renowned developers such as Inno Group, MARG ProperTies, Rich India Cityscapes and Tata Housing etc. already have their presence in the locality.

On a chat forum – Guru Talk organised by MagicBricks.com, S. Ramakrishnan, CEO, MARG ProperTies, said, “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.

“The residential space such multi-storey apartment in Oragadam region is available between the ranges of Rs 2,500 – 3,500 per sq ft”, he added.

“Being a host to all major automobiles and manufacturing companies, the locality is evolving as a huge township and has become major attraction for NRIs too. New local users working in the IT or manufacturing belt are seeking property in the suburbs close to the workplace which further escalating the residential demand”, said, U. Mohan, local realtor, from Konnect Realty.

The Inno Group has announced Inno GeoCity, which offers 4,000 houses spread across 131-acre Township with all social amenities. On the other hand, keeping an affordable housing concept in mind, Rich India Cityscapes are coming up with row houses and semi Independent villa project called ‘VILLAGIO’.

Another real estate major MARG ProperTies, is coming up with a world class community, Brindavan with 1848 apartments and top notch amenities. Strategically nestled between Oragadam and Sriperumbdur, Brindavan is the next big investment opportunity by the most trusted builders of Chennai.

Spotting the potential of Oragadam, leading builder Arun Excello has just announced a massive world class gated community named Temple Green Heights, a 100-acre township which offers 2,600 houses.

The new projects like Hirco Palace Gardens, Tata Housing, Inno GeoCity, Temple Green, Raga Properties etc are also coming up in the locality to cater the growing population in the suburb.

Commercial scenario

Driven by the huge domestic demand, skilled labour pool and huge suppliers network in and around Chennai, the Oragadam industrial corridor has transformed Chennai’s industrial space. The area houses from leading auto manufacturers, auto component companies, FMCGs, logistics or warehouse service providers, IT and ITES operators and a host of FMCG companies.

The Oragadam SIPCOT (State Industries Promotion Corporation of Tamil Nadu) area contains a diversity of industries, including engineering, bio-tech, IT and electronics units. The cream of technology majors such as Renault Nissan, Daimler AG, Komatsu, Allison Transmission, Unipres, NSK ABC, Mega Tech, Delphi TVS, Seco Komos, Momentive, Johnson Lifts, JCBL Marbles, GKN Driveline and Tenneco have their set ups in the locality.

Having attracted huge investments from 120-130 small to big companies from across different sectors, the corridor is expected to attract more investments in the coming years.

The iconic bullet motorcycle maker Royal Enfield Motors has finalised its plans last year to establish a new greenfield production unit in Oragadam, near Chennai at an investment of Rs 350 crore. The plant will come up on a 50-acre site and is expected to have a total production capacity of about 150,000 units a year. The unit, which will employ 300 people directly, is expected to commence production by early 2013.

Divya from MARG ProperTies, said, “Looking at the potential, there are many new industries are also eyeing on the area. There is an employment opportunity for 3 lakh applicants is expected in Oragadam and Sriperumpudhur location in 2013, which would certainly have positive impact on residential market too”.

Infrastructure and connectivity

Oragadam owes its strategic advantage to the multi-modal connectivity. The locality is strategically located between two national highways- NH-4 and NH-45. . It is also well connected to the Chennai port, the Chennai Central railway station and an international airport. In addition the locality is home to a number of schools and colleges. The locality also provides facilities hospitals and entertainment zones.

The locality is a 20 minute drive from the famous temple town of Kanchipuram and 30 minutes drive from Tambaram and Vandaloor. It is 15 minutes from the Pilgrimage and Industrial hub Sriperumbudur.

The special thrust has been provided by the State Government to create a World class infrastructure such as 6 lane Highways, road and rail transportation.

The Railway Ministry had forwarded a proposal for a rail link from Avadi to Guduvancheri via Sriperumbudur and Oragadam to the Planning Commission for appraisal.

A rail connection to the industrial belts of Sriperumbudur and Oragadam has been a long-pending demand of thousands of units, including car manufacturers, located in the two regions located west of Chennai.

With the rail link, the two hubs will be linked to two major lines – the Chennai-Jolarpet-Katpadi line and the Chennai-Gudur line – that connect to other parts of the country.

In addition, the Tamil Nadu government is building the Rs 300 crores Oragadam Industrial Corridor Road. Mohan, a local realtor said, “This project which is to be executed by the Tamil Nadu Road Infrastructure Development Corporation (TNRIDC) and funded through the State Highways Department, is expected to give a thrust to industrial activity in the Oragadam-Sriperumbudur cluster. It will also provide additional connectivity between Grand Southern Trunk Road i.e. NH 45 and Grand Western Trunk Road i.e NH 4 or Chennai – Bengaluru Highway.

Oragadam’s good connectivity with Bengaluru, Kolkata, Vizag, Vijayawada, Kochi, Trivandrum and a few major cities in the western region has also set an unprecedented example for other industrial corridors.

Neha Nagpal, MagicBricks.com Bureau

Source: http://content.magicbricks.com/oragadam-fastest-growing-suburb-in-chennai