Chennai is counted as one of the best bet for real estate investments in the best ranked cosmopolitan cities in the world. Oragadam in Chennai is rapidly growing in to an investment hub for large construction companies and customers are also inclined to invest, as the returns are high. There are 10 main reasons why investors are interested in investing in Oragadam and they are laid out below:
1. The plots bought in Orgadam are quite reasonably priced as compared to other parts of the city and the appreciation of the land value is commendable. The expansion of the city limits across this stretch has led to the appreciation of the land value and is one of the reasons for the increase in investment in Oragadam.
2. It is profitable to invest in the land in a place which is appreciating and investment in land is due for appreciation with more floating population existing on Chennai.
3. The property bought at Oragadam is inexpensive as compared to flats bought in the city limits as it is still developing yet has got the entire facilities available equivalent to the buildings in the city.
4. The return on investment is also high as the real estate in Oragadam is appreciating every now and then, due to its proximity to the nature away from the noise of the city. It has a steady appreciation as compared to other areas in the city.
5. The investment in land at Oragadam can be used for constructing a house, guest house, farm house according to the availability of funds, thus the utility value is high at Oragadam.
6. The hub of more than 20 Fortune 500 companies the Sriperumbedur- Oragadam stretch has been on an industrial spree in past 5 years has led to the growth of the sector in Chennai. Thus is one of the important reasons for investments in Oragadam.
7. The real estate value of Chennai has been on the appreciative trend in the last 5 years and Oragadam has been topping the chart and is the hot spot of investment at present.
8. With the multi level investments in real estate in Chennai, Oragadam is a hot spot of all kinds of plots and houses where anyone from a layman to NRI can invest and gain good returns. So Oragadam provides investors with a wide variety of choices to invest.
9. Oragadam has recently gained the momentum of becoming a hotspot of investment in Chennai, thus is still an unexplored place for investment. Though unexplored yet it is a major hub for extension of Chennai in the forthcoming years market value and the investment in Oragadam is like investing in a gold mine.
10. Oragadam is a hotspot of investment as the water resource there is still intact which makes it a viable real estate choice for the investors
Thus are the 10 major reasons for investment in Oragadam in Chennai which are to be looked at from both real estate and investor point of view for investing in Oragadam. It is an upcoming real estate hub in Chennai and has a great potential to work on. With all the plus points Oragadam is the choice of the day for investing in real estate.