Godrej Sunrise Estate: An Investment Opportunity in Chennai?
Are you considering purchasing land or making an investment in a property adjacent to a sprawling 250-acre forest that is surrounded by lush greenery? Godrej Sunrise Estate represents Godrej Properties’ inaugural planned development endeavor situated in Chennai. Let us delve into the attributes that render this project an attractive proposition for prospective buyers and discern its unique selling points, along with an examination of its cost and locational advantages.
Godrej Sunrise Estate
Godrej Properties, a distinguished and reputable entity within India’s real estate sector, has proudly unveiled this project. It is important to note that Godrej Properties’ Sunrise Estate holds the registration number TN/01/Layout/3492/2023 with the Tamil Nadu Real Estate Regulatory Authority (TN RERA). In the succeeding sections, we will explore its unique selling proposition, cost considerations, salient features, payment schedule, and other pertinent details.
Project Overview
Within the confines of the 60-acre gated community that comprises Godrej Sunrise Estate, prospective homeowners will discover approximately 1,000 residential plots available for acquisition. The project allocates approximately six acres of its expanse to encompass verdant parks and green spaces. What is truly remarkable is the presence of the 250-acre Vattambakkam Reserve Forest, which envelops the project, thereby ensuring an abundance of greenery and a salubrious environment for the prospective residents to revel in and find repose.
Key Highlights
Let us scrutinize some of the quintessential unique selling points (USPs) that define Godrej Sunrise Estate in Oragadam, Chennai:
- The maiden planned development project by Godrej Properties in Chennai.
- Encompassing four themed parks.
- Immediate proximity to the Vattambakkam Reserve Forest.
- Featuring a 1.3-kilometer pedestrian walkway and an 800-meter cycling path.
- Nestled adjacent to a serene lake and pond.
Project Amenities
The amenities offered at Godrej Sunrise Estate have been meticulously curated to cater to the demands of a contemporary and health-conscious lifestyle. Among its most noteworthy features are the project’s four themed parks, namely Exploration Park, Cultural Park, Serene Park, and Healing Park. Furthermore, the project boasts a clubhouse spanning approximately 12,000 square feet, housed within a (G+2) structure.
The following constitutes a compendium of the primary amenities that the project pledges to provide: Main Court, campfire arena, children’s play area, camping ground, tot-lot section, canine park, a fitness center, areas designated for senior citizens, crossfit hall, ground for multiple activities, versatile play area, flower garden, tennis court, herbaceous garden, a cricket box, yoga area, aroma garden, meditation area, orchard, running route, city forest, cycle route, gathering court, acupressure route and a swimming pool.
Price Range and Plot Size
The developer at Godrej Sunrise Estate presents plots with sizes oscillating between 600 square feet and 2400 square feet. The land's price spectrum spans from approximately Rs 18 lakh to Rs 65 lakh. It is crucial to factor in state taxes applicable to these plots, which encompass a seven percent stamp duty and registration fees predicated on the land's assessed value.
- 600 sq ft – Rs 17.99 lakh
- 1500 sq ft – Rs 44.99 lakh
- 1800 sq ft – Rs 49.99 lakh
- 2200 sq ft – Rs 54.99 lakh
- 2400 sq ft – Rs 64.99 lakh
Location and Future Development Potential
Having addressed pivotal aspects of Godrej Sunrise Estate, including cost, financing avenues, and facilities, it becomes imperative to delve into Oragadam, the project’s locale, and its prospects for future development regarding social amenities, connectivity, and price trends. Acquiring a comprehensive understanding of these pivotal elements will indubitably aid in evaluating the prospective return on investment for the project.
Connectivity
Oragadam, an ascendant micro market situated in West Chennai, stands as a prominent industrial nucleus, playing host to the manufacturing outposts of numerous automotive enterprises. The presence of well-established road and motorway networks facilitates seamless transit between Oragadam and various other urban precincts, resulting in enhanced connectivity and convenience for commuters. The ensuing elucidates the spatial rapport between Godrej Sunrise Estate in Oragadam and salient landmarks:
- Oragadam’s advantageous proximity to SH-48 and SH-57 augments its connectivity to the broader urban expanse.
- The primary thoroughfares affording ingress and egress are Perumalpattuu-Kottamedu Road and Tambaram-Mudichur-Oragadam Road.
- The Chennai-Nagapattinam Highway entails a distance of approximately 37 km to traverse from the Chennai International Airport to the project site.
- The Padur Station of the KAI Commuter Yogyakarta Line, situated approximately 10 kilometers away, signifies the nearest railway station.
Social Infrastructure
Schools and hospitals are in close proximity to Oragadam, Chennai.
- Thriveni Academy Sr. Sec. School- PSP Medical College – Kummavakkam Lake
- APN Vidyalaya Matriculation Hr. Secondary School- Rela Hospital- Vallakottai Murugan Temple
- Government High School- Parvathy Hospital- Sri Agatheeswarar Temple
Cost Trends
Residential plots constitute approximately 60% of the aggregate residential inventory in Oragadam, characterized as an affordable suburb within Chennai West. Conversely, residential apartments, accounting for approximately 23% of the total inventory, represent the second most coveted property type. On average, plots in Oragadam command a price of approximately Rs 1,500 per square foot. Over the preceding five years, prices in the region have appreciated by approximately 20%.
Investment Potential
Several significant infrastructure projects are currently underway or in the planning stages in and around Orgadam. It is anticipated that these developments will augment the area’s connectivity quotient. The following are some noteworthy advancements that are either in the planning stages or in the process of construction:
- The Sriperumbudur connector point (20 km) will constitute an integral segment of the Chennai-Bangalore Expressway, which is presently under construction. Upon the culmination of the expressway, commuters should experience enhanced intercity connectivity.
- Singaperumalkoil, situated 19 km, will be traversed by the future Chennai Peripheral Ring Road, which is poised to confer advantages to the local populace in terms of connectivity.
- The projected medical devices park in Oragadam is poised to engender an upswing in employment prospects within the region.
Property valuations in Oragadam are poised to witness an upward trajectory in the forthcoming years, contingent upon the realization of these construction endeavors. Consequently, contingent upon the prevailing circumstances, an investment in Godrej Sunrise Estate appears to represent a judicious decision. Prospective investors should vigilantly monitor the project’s progression and solicit counsel from a seasoned real estate consultant concerning the marketing's economic underpinnings before making any definitive commitments.