Infrastructure Boost to Fillip Chennai Market: Budget 2021 Funding - Dr. Niranjan Hiranandani, CMD, Hiranandani Communities
Tuesday, February 23, 2021 10:00AM IST (4:30AM GMT)
Chennai, Tamil Nadu, India:
Budget 2021 holds slew of infrastructure projects for the state of Tami Nadu that shall foster better connectivity and seamless infrastructure. From connecting economics and business hubs within the state to enhancing inter-state connectivity for fast-paced economic growth, the infrastructure projects which will enhance connectivity augurs well for future-perfect growth and development of the state. While the positive effects will be felt across the state, these will also boost growth levels in the Oragadam–Sriperumbudur region.
The sobriquet of being India’s Detroit has been the foundation for economic growth in this region, which has seen other segments of the economy also move in. This has not just resulted in growth of jobs but attracted end users and investor’s bandwagon too. Among the projects that offer excellent options is the vibrant self-sustained, integrated sports-themed 360 acres vast township, Hiranandani Parks, Oragadam, Chennai.
Dr. Niranjan Hiranandani, CMD, Hiranandani Communities envisioned the immense potential of Oragadam- as a unique cogwheel in the successful growth story of India. “Importance of connectivity can be mapped with the growth trajectory from being a far-flung suburb to a well-connected business corridor. This connectivity makes Hiranandani Parks, firmly poised as the consonant for premium real estate project in New Chennai. The upcoming infrastructure attracts setting up of more business entities that will gradually morph Oragadam into the fastest growing business corridor, significant for economic growth.”
With a high-potential growth, given the ‘status update’ as an IT/ITes hub the largest auto/auto-ancillaries hub in South Asia is well on its way to becoming a preferred Data Centre and logistics hub too. Key emerging data centre markets are also identified by leading research firm, which reveals that the Chennai market makes it to the list of feature in the latest Global Data Center Market as it receives investments and interest from operators and hyperscalers alike. Over 100 global conglomerates already call Oragadam, 'home', with estimated investments of 1.05 lakh crore-plus, an active employment base of over 3 lakh professionals – Oragadam is the real estate hot-spot not to be missed.
Especially now, with the Hon’ble F.M. mentioning in her budget speech Rs. 1.03 lakh-crore worth highway works; Rs. 63,246 crore CMRL phase II which recently was inaugurated by PMO, the region will enjoy robust seamless connectivity. Budget announcement stated that the construction of the 278 km Bengaluru-Chennai Expressway would begin in 2021-22. The construction of the Salem-Chennai Expressway would begin in 2021-22. Bids for the Chennai-Bengaluru Expressway have already been invited. The work on the 262-km, six-lane, access-controlled Chennai-Bengaluru Expressway project, which begins at Hoskote in Karnataka and ends at Outer Ring Road near Chennai. The work on the 20.3 km Maduravoyal-Chennai Port elevated corridor is also likely to begin this financial year. The Chennai Port-Maduravoyal elevated corridor could be re-designed into a double-decker project and have six to eight lanes. These infrastructure projects are a step to provide a fillip the Chennai market.
Hiranandani Parks in Oragadam is strategically located between Grand Southern Trunk (GST) Road and National Highway 4. Just an hour's drive from the Chennai International airport and in close proximity to the proposed international airport that is likely to come up soon, the township is not just ‘accessible’ but also ‘well connected’. The Tamil Nadu state government’s Rs. 300 crore Oragadam Industrial Corridor Road will provide additional connectivity, as will the high-speed, 200-feet width highway which connects Oragadam to Chennai city and other economic growth corridors.
Hiranandani Parks is a township that creates value by combining location, infrastructure and amenities; which are the three most important factors for successful community development - meeting the needs of the smart real estate investor.