Residential projects by Arun Excello in Oragadam on rise
Oragadam has always been the point of attraction for numerous industrialists from a very long time. The residents’ numbers have also increased in the area along with the employment rate. Oragadam is no less than a home to blue-chip IT and automobile companies, but today the developing city is also attracting a lot of realty professionals who are leading residential project developers.
One of the major highlights of Oragadam includes the proposed airport with lion’s share dedicated to natural and green area. Because of the proximity of Oragadam to National Highways 4 and 45, the infrastructural development is on constant rise.
National Director of Strategic Consulting at JLL, A. Shankar said, “Over the last five years, real estate prices have more than doubled owing to a huge demand for residential units. There is a cumulative supply of 20,000 units in this region and the absorption rate is about 65 per cent. Most projects were launched in 2011 and the average capital price appreciation is about 11 per cent. However, the highest appreciation was 31 per cent during 2011.”
With residential plot developments on the rise, upcoming projects include Hiranandani Park, Arun Excello – Temple Greens, and Casa Grande Arena. General Manager of Marketing at Arun Excello, Hemnath M highlighted the features of the marvel that Arun Excello is crafting in Oragadam. He said, “Arun Excello Temple Green will give an experience of natural life to the occupants who will be residing in the residency and working in the vicinity. Looking at the increase of industries in the area, we decided to develop an integrated township where everything will be provided at once.”
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