GST Road, in many ways, is the city’s lifeline. Not only is it the gateway to the city, linking it with many important places, it is also gaining ground as an important investment option, as far as residential real estate is concerned. We look at some prominent locations on GST Road that are set to grow even further.
This suburb, located 40km away from the city, has been on the development radar for quite sometime now, both in terms of residential and industrial growth. In the late 70s, when Rajiv Gandhi, the then Prime Minister of India, visited Chennai, he referred to Maraimalainagar as the new face of Chennai and called it the city’s first satellite town. Now, almost two decades later, the area has grown by leaps and bounds in terms of urban infrastructure. The setting up of Mahindra World City, Infosys and the Ford manufacturing plant, to name a few, has helped put Maraimalainagar back on the map. The area is well-connected by rail networks and by roads (Trichy-M a d u r a i – K a nya k u m a r i Highway). It is also for this reason that Maraimalainagar is home to a whole range of factories – TAFE, Ford, Siemens, a few printing presses, engineering colleges like SRM University (Kattankulathur), etc, apart from its proximity to the industrial belts of Oragadam and Sriperambudur. The Chennai Outer Ring Road project, a 30km-long six-lane road connecting Vandalur with Nemilicheri is under construction now; this is expected to fuel more growth in Maraimalainagar.
Oragadam, centrally located between Grand Southern Trunk and NH4, has been touted as Chennai’s largest and the most developed industrial belt. With over 22 Fortune 500 companies (of which six are global car manufacturers), the Sriperumbudur-Oragadam belt has seen tremendous industrial growth in less than four years. The area is well-connected via road and rail, and according to industrial experts, the presence of automobile giants like Renault-Nissan and Ford has triggered growth around Oragadam. Several manufacturing giants such as , Motorola, Dell, Flextronics, Samsung, Nokia, Apollo Tyres, and TVS Electronics, have set up their respective units in the industrial belt stretching from Sriperumbudur to Oragadam. In addition, JCBL Ltd, Essar Steel, BPCL, Delphi TVS Diesel Systems Ltd, GE Bayer, Silicons (India) Pvt Ltd have also set up their businesses in SIPCOT Industrial Park, Oragadam. DHL is also reported to be setting up its first Free Trade Warehousing Zone at Sriperumbudur.
Chennai Outer Ring Road
The Chennai Outer Ring Road will run to a length of 62 km connecting Vandalur in NH-45 (GST) placed in the South-Western edge with Minjur in Thiruvotriyur-Ponneri-Pancheti (TPP) Road in the northern fringe of the city and close to the Ennore Port and other industrial developments in the Northern areas. The road will run via Nazarathpet on NH-4 (Bangalore Highway), Nemellichery on NH-205 (Chennai-Tirupati-Anantpur Highway) and Padayanallur on NH-5 (Chennai-Calcutta). The Vandalur to Nemillichery stretch, a length of 29.65 km is being implemented as Phase-1 of development. The stretch is touted to change the face of Chennai as we know it, and pave way for state-of-the-art infrastructure, which in turn, is expected to promote more real estate activity.
Source: Times Property, The Times of India, Chennai