Oragadam

Oragadam is an industrial suburb located on the outskirts of Chennai. Nestled between Grant Southern Trunk Road (GST) and NH-4, the region boasts of being the biggest automobile hub in South Asia. It also enjoys proximity to the industrial hub of  Sri Perumbudur, which is just 15 minutes drive away via Sriperumbadur - Thiruvallur - Redhills Road.

Until a few years ago, the place was relatively unknown, but since it is slowly turning into a multi-faceted industrial zone, Oragadam has undergone rapid growth in recent years. Today, some of the world’s leading companies such as Renault, Nissan, Moserbaer, Apollo Tyres, TVS Group of Companies, Ashok Leyland, Vehicle Testing Centre, and Senmina have their base in Oragadam. 

Oragadam also scores positive on liveability front. There are several educational institutions, and banks such as State Bank of India, Bank of Baroda, Federal Bank, and Cooperation Bank of India. Apart from vital facilities, the area has numerous religious places like Dhuraimurugar Siva Marabu Sithaananda Dhiyana Sabai, Pillar of Fire of Jesus Prayer House, and Vallakottai Murugan Temple. Buoyed by these factors, various residential projects have come up in the area.

Further, the social infrastructure, hospitals, educational institutions, and residential buildings are expected to grow at a fast pace, making it one of the important areas in Chennai.

Key Projects in Oragadam : 

Connectivity and Transit Points

Being strategically placed between NH-45 and NH-4, Oragadam is well-connected to Chennai International Airport, Chennai port, and Chennai Central railway station. Buses are a major mode of transportation. With the availability of Chennai Metro buses, transportation to the city just becomes easier. The nearby railway station is Potheri Railway Station, which is around 40 km away. Autos can be frequently found for local transportation.

Major Landmarks

•          Sri Mahamehru Dhiyna Nilayam of Sri Murugaphusam Swamigal SriNagaram Oragadam
•          Apollo Polytechnic College
•          Indian Overseas Bank, Marthur Post
•          SIPCOT Industrial Park

Factors for Growth in the Past

Oragadam is the largest automobile hub in South Asia. The presence of various industries has greatly contributed to its growth. It is Chennai’s most developed industrial region. This place has seen tremendous industrial development in the past four years. According to experts, the major factor for the enormous growth of Oragadam is the presence of world-class automobile companies like Ford and Renault-Nissan. Apart from automobile companies, various other companies like Motorola, Samsung, Dell, Nokia, and TVS Electronics have also made their contribution to the development of Oragadam. Investments from major foreign companies act as a backbone to the industrial growth of this locality.

Residential & Commercial Market

Residential Market Trends

Once touted as an industrial area, Oragadam has slowly become a residential area too, with several residential projects encircling the region. Oragadam’s residential market trends have seen ups and downs in the past. According to the Jan-Mar quarter of 2014, Oragadam property rates have gone up to Rs 3300 per sq. ft. The region is still under development and holds a great potential for a greater residential expansion. As per the property type, over 70 per cent are plots and around 20 per cent are apartments. Various builders like Hiranandani, Arun Excello, Tata Housing, and Park City have constructed their residential projects in Oragadam.

Commercial Market Trends

With the rise of various residential projects and an already developed industrial belt, this region is seeing an upward trend in commercial properties as well. The property rates for commercial buildings are in the range of Rs 2000 per sq. ft.

Major Challenges

One of the major challenges in Oragadam is its distance from the center of the Chennai city. It takes an hour to reach Tambaram, which is a suburb of Chennai. Since the region is predominantly an industrial area, commercial developments are not at par with the city of Chennai.

Factors for Growth in the Future

With the expansion of the residential market, Oragadam is seeing a development in infrastructure such as educational institutions, hospitals, banks, religious places, and most importantly various foreign companies. It has over 22 Fortune 500 companies, and this warrants an enormous growth for Oragadam in the future. This place is expected to become one of the world's biggest automobile hubs in the future. The Tamil Nadu Government has invested Rs 300 crores in building the Oragadam Industrial Corridor Road, and this project is expected to give a push to the increased industrial activities in this area. With such potential for versatile growth, this is slowly becoming one of the hottest investment regions in Chennai.