Satellite Township: A Small Metropolitan City

A satellite township or a satellite city is a developed small urban metropolitan area which is essentially near to a metropolitan city but is independent of the larger metropolitan city. It is built with clustered houses in a single locality with all the metropolitan facilities within. Such cities are a boon to growing population in the urban cities where finding a house becomes a difficult task for the moving population. The satellite townships are the need of the hour for cities like Chennai with the growing population leading to population explosion. A clear way to avoid such trouble is to expand the city into satellite townships.

Upcoming Satellite Township Project in Chennai

The increasing demand for a living space, with the growing population in Chennai the Satellite Townships at Thirumazhisai on the Chennai-Bangalore National Highway is a boon to the city. With the roaring real estate prices in the city owning a house is a dream for poor and middle class families and this property is dream come true for them. The satellite townships will be built on smaller grounds of 100 acres each between Vandalur and Minjur. About 12000 houses would be built by the Chennai Metropolitan Development Authority within the acquired land till date. The project was initiated by Late Chief Minister Ms. Jayalalitha way back in 2011 and the land in and around the place was procured for the project. The project was proposed at the cost of 2,160 crores on a land spreading over 311.15 acres covering villages in Chembarambakkam, Kuthambakkam, Parvatharajapuram, Narasingapuram and Vellavedu.

In the same way Oragadam is a growing area for accommodating the congestion of Chennai city. The area of Oragadam is a fast developing real estate with a lot of residential properties along with good townships being built up to cater to the growing needs of the people working in and around Oragadam. The place is the biggest automobile hub in the South Asian market. This is the main reason why the real estate is booming in the area and the demand for housing is high too. With the upcoming Satellite Townships at Thirumazhisai on the Chennai-Bangalore National Highway Oragadam will also get its share growth in the real estate segment with good facilities at affordable prices. The places in the close proximity are also target for the real estate growth due to the requirements of the professionals working the fortune 500 companies in Oragadam.

Oragadam with its most developed infrastructure in the past few decades has become a hot real estate choice of promoters as well as the investors. Investing in the real estate at Oragadam is like investing in a gold mine which will give good fruits in the future with kind of development happening in and around the region.

Future Trends of Satellite Townships in India

As the moving population is growing in all the metros of India, the future of real estate and housing is vested in Satellite Townships across various regions in India like Chennai, Mysore, Madurai, Pune, Bangalore etc. It is a boon to the country like India which needs more space for its moving population within the country. The Metros in India are becoming congested and overpopulated with the increasing development in the country. The economic and financial development of the county in the past few decades, has led to the real estate prices on rocket soaring high.

The high priced properties in the metropolitans are the main reason for the upcoming satellite townships in the country. These are affordable and away from the crowded places in the metros and are metropolitans within themselves. These townships are independent and self sufficient accommodating all the needs of the residents living in the area without going into the city for the same.

The realtors find it difficult to sell high priced properties in the city limits to people looking for budgeted properties. The high priced properties in the metros are small and compact without much space for children to play. The satellite townships are away from metros and are spacious well built with playgrounds and facilities for children to play around. This is the need of the hour when children are being bolted inside the boundaries of the house in the metros. This is the future of the real estate and the housing requirements of the population in the country.