How is Oragadam, Chennai as an investment bet?- Property Hotline

Be Un - Confused : www.mbnow.in/pr...
Expert: Ashutosh Limaye, National Director of Research at JLL.
Question: I plan to invest in Chennai. I have zeroed in on Oragadam. How is Oragadam as an investment bet? Is there any prevailing issue like water/power here? Will it become a residential hub in the future?
Answer: Yes it will become a residential hub in the future. Current market price in Oragadam ranges from Rs3200 - Rs3700/sq. ft. You can expect the area to be established with good social infrastructure in 5 years. Prices now are more affordable so it is a good time to invest. Issues such as water/ power will have to be check by visiting the site. Most of the projects here have the backup power.