REASONS WHY ORAGADAM IS IDEAL FOR A QUALITY LIFESTYLE AT AN AFFORDABLE PRICE

Introduction

The real estate market in Chennai needs no introduction. Every family most probably aspires to own a place of their dreams. The reasons could be numerous. For ages, investment in real estate has always been considered lucrative. The rise in property value increases manifold from what you may have invested earlier, depending on a number of factors. Sometimes, it is also considered a social status to say that you live in your own house and not rental income. It is seen as a sign of stability and financial mobility. Among the many real estate hubs in Chennai, Oragadam seems to be making

Reasons why Oragadam is ideal for a quality lifestyle

Given this huge attention that Oragadam seems to enjoy, the next logical question is why? What are the reasons that make this locality a prime area to enjoy a good quality of life at an affordable price? The reasons are a number of strong positive factors that have contributed to this sudden surge. It is one of the premier industrial areas generating a large volume of employment in Chennai’s south-west region. Big names such as Toyota India, Nissan, Apollo Tyres and Royal Enfield to name a few have an established presence. Today Oragadam not surprisingly is known as one of the biggest

Naturally, it follows that along with commercial projects, real estate residential projects are bound to come up to meet the demands of the people working there. This development of the IT sector and other multinational corporations has also given the real estate sector in Oragadam, the needed impetus. Projects such as Arun Excello Temple Green Villa, Hiranandani and Ramaiah and others in the process of developing exclusive projects. Not only Oragadam but also areas around it such as Kalipuram, Thirumullaivoyal, Annanur are also reaping the positive effects of such economic development.

Most often prime areas are unaffordable to a large segment of the population because of sky high prices. The Government of India promoted its goal of Housing For All by 2022 through the needed incentives and reforms to make housing affordable to the common man. In suburban areas, this dream can become a reality since land is comparatively cheaper. Oragadam is one such preferred location, which is witnessing a steady migration of resources, not to mention the presence of Fortune 500 companies coupled with a good transportation network. The State Government as part of its Vision 2023 document that focuses on infrastructure development is investing over 300 crores in the Oragadam Industrial Corridor project.

A number of educational institutions have also made their mark such as Don Bosco Matriculation Higher Secondary School and Doveton Correy Boys Higher Secondary School including retail establishments such as Fountain Plaza and Spectrum Mall has come up in the area.