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Oragadam property market: An overview

Oragadam property market: An overview

Oragadam, located in the south-western part of the city, is considered to be one of the biggest automobile hubs of south Asia and is evolving into a multi-faceted industrial zone. The list of industries located here, includes some prominent ones like Apollo Tyres, Asian Paints, Toyota India, Nissan, Royal Enfield, etc.

 

As far as Oragadam real estate is concerned, the locality is gradually developing a mix of residential and commercial complexes. Due to the advent of various IT majors and other multi-national corporations, Chennai has been witnessing a rapid influx of working population from outside. As a result, there has been a surge in the demand for real estate in Chennai which is automatically leading to demand for residential apartments in Oragadam.

 

Nearby Oragadam localities include Annanur, Venkatapuram, Kaliipuram, Thirumullaivoyal, etc. There are many projects in Oragadam like Arun Excello Temple Green Villa, VBHC Vaibhava, etc., which have been launched by prominent builders in Oragadam like Arun Excello, VBHC Housing, etc.

 

Connectivity with nearby Oragadam localities

 

Employment hubs near Oragadam

 

Schools in Oragadam and other social amenities

There are a lot of social amenities near Oragadam. Some of the reputed schools near Oragadam include the Doveton Correy Boys Higher Secondary School, Don Bosco Matriculation Higher Secondary School, Chennai Corporation Higher Secondary School, etc. Some of the leading hospitals near Oragadam include the Amrit Hospital, Abhijay Hospital, Stanley Hospital, etc. The shopping needs of the residents are catered by malls near Oragadam such as the Fountain Plaza, Abhirami Mega Mall, Spectrum Mall, etc.

 

Price trends in Oragadam

  • Price appreciation—Around 15% in the last one year.
  • Current property rates—Rs 2,908-Rs 4,359 per sq ft.

 

Reasons to invest in Oragadam

Having a great mix and variety of residential and commercial properties, Oragadam offers many choices. It enjoys excellent connectivity and social infrastructure and the scope of development is also good here. These are some of the major reasons for its rapid growth. Thus, there is no denying that Oragadam is certainly one of the best places to live in Chennai. Further, considering the price trends in Oragadam and the rising demand, the locality will definitely prove to be a good investment region in future. There will be excellent appreciation of property rates in the area and with a number of projects which are being developed, the area will only grow further.

Check properties in Oragadam

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