Strategically located between the two national highways- National Highway 4 and National Highway 45, Oragadam is one of the locations witnessing good capital and rental appreciation among suburbs. The concept of State Industries Promotion Corporation of Tamil Nadu (SIPCOT) has worked well for the city and the industrial development in Oragadam is a result of the same. This has given an impetus to the residential development in the locality, even though a lot needs to be done before it can become self-sustaining residential area. “There is a critical need to develop social and physical infrastructure in the locality. Several residential projects are underway in the locality but at present the demand in the locality is largely driven by long term investors and by those seeking rental returns Oragadam City Developers. “The locality has witnessed a capital appreciation of approximately 25 per cent in the past few years and is expected to appreciate at a faster rate in the future also. Further owing to the huge rental demand from the working class and limited supply, rents are always high. The time is ripe to invest in Oragadam as infrastructure development certainty favours better return in the future. The ROI (Return on Investment) has witnessed an increase of 4 to 9% q-o-q. Average apartment prices in this locality range from Rs. 3,000/- to 5,200/- per sq. ft. Average land prices are Rs. 2, 500/- to 6, 500 per sq. ft. The growth rate in this area is 6 %. Major builders in this area include: Arunexcello, Hirco Developments, Inno Advisory (India) Private Limited, Sakthi Vinayagar Properties.
Oragadam has a minimum guideline value of Rs.700 per sqft to a maximum of Rs.3200 per sqft.
Stamp Duty is 7%, Registration Fees is 1%.
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