About Aero Space Park
THE PROPOSED AEROSPACE PARK IS PROPELLING AHEAD-INVEST HERE TODAY!
Ready for take off
The Aerospace Park or the Chennai Aero Park, a proposed aerospace industrial park developed by the Tamil Nadu Industrial Development Corporation Limited (Tidco) at Sriperumbudur is set on a 250 acre campus, (expandable to 700 acres) catering exclusively to the aerospace technology and manufacturing industry.
The Park will not only act as an inducement for international companies to set up their manufacturing establishments here but also act as a hub for everything aviation, namely, design, engineering, servicing and maintenance for civil and military aircrafts. Besides, there are plans for the park to have dedicated spaces for imparting aviation education with specific aerospace programmes and training modules.
Planned as a self-sufficient project, the park will have power and water facilities that will be built-in with the industrial plot besides which there will be complete provisions for serving all the infrastructural requirements of the park.
Located in Oragadam, real estate analysts justifiably believe that the Aerospace Park will spur the upward trend of the property prices, act as promoting Oragadam as a hub for advanced technology and create unprecedented opportunities for ancillary small to medium industries too. But that’s not all; the icing on the cake is that there will be an estimated 100,000+ jobs that will be created solely on the basis of the Aerospace Park.
The Sriperumbudur-Oragadam Road is where the action is
To say that the park will be located in what will be known as Chennai’s most significant and strategic location is perhaps not enough. Take for instance the fact that the park will be situated within an already fully developed and connected Industrial Zone comprising some of the biggest and best names in the automobile/ electronic/ manufacturing industry, besides which the park will be positioned at a distance of 38 kms from the Chennai International Airport. Moreover, the proposed Greenfield Airport is just 10 kms away.
The Chennai Sea Port is 40 kms away while the Oragadam–Singaperumal Koil Road six-lane state Highway Road is just at the vicinity.
Talk about strategic significance that will lift-off Oragadam’s value!
The Aerospace Park- Propelling Oragadam ahead
Look at it this way, the aerospace park will be equipped with manufacturing facilities in Metal/composite besides which there will be provisions for Technology and IT services and Avionics. Moreover, with assembly facilities and a training and Research and Development facility there will be a mind-boggling plethora of professionals who will be employed at the Park here.
Now estimate the sort of infrastructure that will be set-up for catering to this massive populace- school, colleges, healthcare facilities, transportation, convenience stores, malls, recreation centres, banks- the list is practically endless.
Nonetheless, there is one basic necessity that will be the topmost priority for this populace (workforce) – the housing needs! One can safely assume that there will be a multitude of rental and outright housing options that will be needed for this segment. But will it propel Oragadam’s housing property and plotted land value rates to a sky high, never seen before altitude?