Oragadam is the
latest on their radar.
Location:
Oragadam
Location :
Sriperumpudur Taluk,
Kancheepuram District
Connectivity
Nearest Railway Station Singaperumal Koil – 13 Km
Nearest Airport Chennai -50 kms
Nearest Seaport Chennai - 60 kms
Nearest N.H / S.H. 13 Km from Singaperumal Koil and NH 4.
Rapid industrial
development in some suburbs have caught the eye of builders.
Oragadam is the
latest on their radar, reports Prince Frederick
Growth driver..
The Renault Nissan
factory set on the 6 lane State Highway
linking Orgadam and Singaperumal Koil.
Maraimalai Nagar,
Sriperumbudur and now Oragadam. The first 2 are industrial zones that developed
into self-contained areas with residential spaces, educational institutions,
hospitals and other social infrastructural facilities. Now there are distinct
signs that the third will also go the same way.
Biggest Automobile
Hub..
Oragadam, one of the
biggest automobile hubs in South Asia, is evolving into a multi-faceted
industrial zone. The Oragadam SIPCOT area contains a diversity of industries,
including engineering, bio-tech, IT and electronics units.
The cream of
technology majors have set up shop: 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.
Besides the SIPCOT
zone, industrial units proliferate in other parts of Oragadam too.
“3 lakh people are
expected to work in the industrial units at Oragadam in 3 years' time,” says
Mr. P. Suresh, Managing Director, Arun Excello. Expecting the demand for
housing to go up, builders are making a beeline to this suburb, located
south-west of Chennai.
A sign of this
growing interest is three humungous townships.
Hirco Palace Gardens is set on 369 acres
of land, with 10,000 dwelling units planned. The first phase of this massive
project is almost complete.
The Inno Group has
announced Inno GeoCity, which offers 4,000 homes (independent and
semi-independent) in an 131-acre township.
Temple Green Heights, a 100-acre
township by Arun Excello, will provide 2,600 houses. Collectively, these three
projects are aimed at the working population.
The projects fit into
a broad category; they have something for every purse. With flats offered at
about Rs. 3,400 per square feet.,
Hirco's township
falls in the premium segment. It is clearly aimed at the middle-level to the
top executive. With basic prices of Rs. 2,399 per square feet and Rs. 1,750 per
square feet., Temple Green Heights and Inno GeoCity fit into the definition of
affordable housing.
The social
infrastructural facilities offered by these projects include schools and health
care facilities. End users form a majority of buyers in these projects.
Builders says buyers' decision has been motivated by the obvious advantages of living
close to their workplaces and having a diversity of social infrastructure
within easy reach. And, the charm of living in less crowded suburbs. “As Oragadam is connected by a matrix of wide
roads to other happening towns, residents have easy access to facilities that
lie beyond.
For example,
residents of Oragadam can draw on the resources in Sriperumbudur, which has
many educational institutions,” says Mr. Kalyan Jayaprakash, Director, Inno
GeoCity.
Four-lane and
six-lane State Highways provide multiple entry points to Oragadam via
flourishing towns (Padappai, Sriperumbudur, Walajahbad and Singaperumal Koil).
In industrial circles, Sriperumbudur and Oragadam are spoken of as twin towns.
Together, these 2 towns account for an FDI of Rs. 1600 crore ($16 billion).
Some believe Oragadam
is poised to become an industrial superpower in that area.
V. Suresh, Principal Executive Officer,
Hirco said, “Being connected to Oragadam will be the prime driver of
development in many of the neighbouring areas. Oragadam will become the central
point of a massive industrial revolution. It will impact development of areas
within a 15 to 20 km radius. Oragadam shall be the catalyst of growth in the
region.”
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