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We had, in an earlier article written about reasons for Oragadam becoming the best commercial real investment destination in Tamil Nadu. If any particular area becomes a commercial investment destination it naturally follows that it would also become a destination for residential real estate. In this article we bring you an elaborate analysis and major factors that support the growth of Oragadam as a residential real estate haven.

1. Proximity to the proposed green field airport: The propose airport which is to be built in Sriperumbudur by the government at a cost of Rs.15,000/- crore would be in close proximity to Oragadam. With major automobile, manufacturing and electronics giants vying with each other to set up their manufacturing units in and around the airport, Sriperumbudur & Oragadam are the most sought after zones for foreign investment in real estate property for setting up their manufacturing units.

Sriperumbudur & Oragadam have already been recognized as being a major auto cluster and is hence poised to become the favorite destination for residential investments as well.

Proximity to the proposed green field airport

2. Detroit of Asia: Oragadam, being the hub for more than 30% of India’s automobile industry, has hence been seen as the Detroit of Asia. Apart from being the best real estate destination in the suburbs, Sriperumbudur & Oragadam have been recognized as the country’s industrial corridor and has several IT and automobile giants such as Nokia Siemens Network, Moser Baer, Ashok Leyland, Toyota, Apollo Tyres TVS and many more setting up their manufacturing units here. Komatsu, Renault Nissan and Daimler AG have been establishing themselves in this zone too.

Apart from these there are also several Fortune 500 companies which are located here and this has led to the transformation of this zone slowly and steadily into a much sought after residential destination. All these companies have made this the much preferred residential destination and the best for self-contained real estate residential projects.

3. High connectivity: This factor is perhaps the one that’s most attractive from the point of view of people wishing to live in this zone and who are employed in any of the many factories that have been setup. The strategic position of the Grand Southern Trunk Road (NH 45) and the Grand Western Trunk Road (NH 4) and the seamless connectivity to the Singaperumal Koil-Tiruvallur Highway and Vandalur-Walajabad Highway make Oragadam the most sought after destination for residential real estate in the suburbs.

4. Reputed Builders offering variety of projects: Due to the fact that Sriperumbudur & Oragadam have emerged as a prime locality for residential real estate many of the well-known builders like Wisdom Properties, Hiranandani, Casagrand and Tata are offering the best of housing at quite competitive prices.

With each builder providing a variety of options and considering that Sriperumbudur & Oragadam are the fastest growing suburb one gets a mix of independent houses, apartments, villas, duplex apartments etc.

This allows each one to invest in these real estate residential buildings according to their requirement and budget. This area also allows people to get good residential houses at low costs.

5. Best Retirement Homes Too:
One other specific factor is that this is one of the few areas that provide the best retirement homes with the best infrastructure and great facilities.

6. Real Estate Appreciation: With the overall infrastructure taking shape in Oragadam, there is bound to be excellent real estate growth and a growth
projection of around 20-30 percent is predicted in the future.

Sriperumbudur & Oragadam have hence risen as an ideal investment destination both for commercial real estate and residential real estate investment

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