Thanks to the six-lane elevated expressway project by the National Highways Authority of India, the stretch between Poonamallee and Sriperumbudur along the Chennai – Bengaluru national highway, one of the busiest boulevards’ in the country, is all set to get smooth.
The National Highways Authority of India has announced for tenders aimed at the construction of an elevated corridor from the Chennai Outer Ring Road (ORR) junction to Sriperumbudur. The stretch will be a 13 kilometer elevated road and is forecasted at an approximate cost of 2200/- crores while the estimated project time is about two and a half years.
The Chennai – Bengaluru highway begins at Hosekot near Bengaluru and tracks itself all the way up until Sriperumbudur. The 13 kilometer elevated stretch, that is planned from this point to the Chennai outer ring road, is sure to offer an excellent connectivity from and into the city.
The proposed elevated corridor is sure to change the perception that Oragadam is outskirts of Chennai and verily feel like well within the city. Which means you will get to live in a cleaner environment as well as have a much lesser travel time to reach the city. The travel from Oragadam to within the city will be lesser than from Adyar to Egmore. One can reach Sriperumbudur from Oragadam in like 10-15 minutes and from there reach Poonamallee in another 10-15 minutes. Which means anyone can reach the city in 20-30 minutes from Oragadam using the elevated expressway.
Oragadam, today is one of the most reputed and fastest growing sectors in the country. Over the last decade, the area has also developed a reputation to be known as upcoming great residential hub, with apartments, gated community layout and independent homes coming up in a big way. Nevertheless, in spite of the real estate values in Oragadam experiencing an upward trend, there are yet various reasonable projects at Oragadam, paving a way for even the middle-income investors to realize their dreams of possessing homes and lands in Oragadam.
When a locality attains more and more market drivers and starts a march towards saturation there is a definite multifarious increase in plot values. Now that makes a plot exit the buyers’ market and enter the sellers’ market.
Maybe not a last bit of information, but an investor would definitely want to know that land carries a growth rate of 30-40% while apartments grow at 12-15%.
Hence, Oragadam is a great choice for investment, be it for personal use or resale, the investor is assured of high returns. Ananda Green Manthra has nurtured an environment so perfect at most strategic location Oragadam.