Chennai Realty Gains on Positive Moves by State Govt

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Chennai Realty Gains on Positive Moves by State Govt
Chennai, January 28, 2019 —
Economic growth and job creation is a direct consequence of new investments in industrial units. In Tamil Nadu, the second edition of the Global Investors Meet (GIM) is scheduled for January 23 and 24. Prior to this event, the Tamil Nadu Government has announced clearing proposals of 13 companies to invest Rs. 16,000 crore, which was followed by another announcement of an additional 17 proposals from public sector and private companies for investments to the tune of Rs. 32,000 crore. “This is positive news, and speaks about the economic growth which will follow as a result,” said Dr. Niranjan Hiranandani.
Among the investments is one by Saint-Gobain, which makes float glass at Sriperumbudur near Chennai. The company is looking at new lines of business and this will be part of the firm’s efforts to expand its operations in Tamil Nadu. The Oragadam – Sriperumbudur industrial and business hub has been instrumental in promoting economic growth and job creation in the region. From these to being a real estate hub has been the natural progression of Oragadam – Sriperumbudur.
Given this positive aspect, the Oragadam – Sriperumbudur region is also future-perfect – which ensures that anyone buying property in this region is taking the right decision not just in present scenario, but also looking at the future. Chennai is among the leading property investment locations, and among Chennai’s real estate hot-spots, the ‘jewel in the crown’ is easily Oragadam – Sriperumbudur. Strategically located on the GST Trunk Road which connects two national highways of Bengaluru and Chennai, Oragadam is the Detroit of Tamil Nadu, South East Asia’s largest auto hub.
From being a ‘real estate hot-spot’ to also being ‘future perfect’ has been a journey of evolution for Oragadam. An industrial area on the outskirts of Chennai city, apart from being the biggest automobile hub in Southeast Asia, it also is home to MNCs as also IT and ITeS companies. With over 22 fortune 500 companies, the Sriperumbudur–Oragadam belt has seen tremendous industrial growth. This economic growth story is driven by the good connectivity which Oragadam enjoys, via state highways and railways.
What makes Oragadam the perfect real estate investment location are two prominent aspects (i) capital appreciation and (ii) rental income. On both aspects, Oragadam’s real estate offerings have fared well, and are poised to do even better. For those looking to buy their own house, a ‘value for money’ destination makes the ideal location to buy an under construction home if it offers the same at a price point which has scope for appreciation. For these segments of real estate buyers, looking to buy in Chennai’s vicinity, Oragadam is the location which stands out a clear winner.
In Chennai’s real estate market, Oragadam is ideal for actual user property buyers as also for real estate investors. For those looking for the ideal project to buy for long-term end-use or as a present-day investment, Hiranandani Parks, Oragadam is not just an integrated township, it is also among the biggest sports destinations in Chennai and its neighboring areas.
Homes are not just about square feet of constructed space, but about the community which is made up of residents and the activities that bring them together. At Hiranandani Parks, ‘community living’ is when a resident does not just live in an ‘apartment’, a ‘villa’ or just a ‘living space’, but shares – and enjoys – the positives of the location and its social infrastructure with neighbors who are fellow members of the ‘community’ created in that location. It is this aspect which stands out when a home seeker evaluates Hiranandani Parks as the place his family will call ‘home. The project, by Hiranandani Communities, offers a plethora of cultural, sports and fitness activities which include both, indoor and outdoor activities. Exclusive to the project are sports activities including polo, a 9 hole golf course, an Olympic sized swimming pool, equestrian events, a horses stable as also a large cricket ground – which makes Hiranandani Parks, Oragadam the perfect location for buying property: future perfect’.
As new projects offer Chennai’s home seekers newer options, there are few projects, such as Hiranandani Parks, which give such a wide array of choices within the same project – from apartments to villa plots, apartments in different sizes with low rise as also high rise options. What makes Oragadam an ideal location for Brand Hiranandani to create what is arguably, Chennai’s most elegant integrated township? “It is the sheer positive feeling that one gets at the project location,” says Dr. Niranjan Hiranandani.
Located on the Chennai –Sriprerumbudur – Bengaluru corridor, Oragadam is renowned as an industrial hub and is a preferred corporate destination. Hiranandani Parks, Oragadam offers home buyers and real estate investors an opportunity of being a part of the next big real estate success story in Chennai’s peripheral areas – one that is ‘future perfect’. Oragadam enjoys great connectivity, and the proposed infrastructural development paves way for price appreciation in the future, added Dr. Niranjan Hiranandani. With the Global Investors Meet (GIM) scheduled for January 23 and 24, we expect more positive announcements that will add value to the region’s economic growth and job creation potential. Amidst positive moves by the state government, the investment-friendly scenario will positively impact Tamil Nadu’s real estate, concluded Dr. Niranjan Hiranandani.
Dr. Niranjan Hiranandani – CMD – Hiranandani Communities
Media contact details:
Ritika Shah
Media Manager
Hiranandani Communities
rshah@hrealty.com