Hiranandani Communities has officially launched Parkville, a new residential development situated within its expansive 360-acre Hiranandani Parks township in Oragadam, Chennai. This project is projected to generate an estimated top-line revenue of approximately Rs 105 crore, marking a significant addition to the city's real estate landscape.
Project Overview and Features
The RERA-approved Parkville consists of a single 13-storey tower that houses 180 Smart FIT 2-BHK apartments. Each unit offers a carpet area of about 684 square feet, designed to maximize living space efficiently. Prices for these homes begin at Rs 57.22 lakh, excluding applicable taxes, making them an attractive option for budget-conscious buyers. The project is slated for completion by January 2029, providing a clear timeline for prospective residents.
Design Philosophy and Location Advantages
Developed on a 1.3-acre parcel, Parkville emphasizes Vaastu compliance and adheres to the company's MinMax philosophy, which focuses on optimal space utilization without compromising on comfort. Niranjan Hiranandani, Chairman of Hiranandani Communities, highlighted the growing demand for such value-driven homes, driven by evolving work patterns and increasing urban migration. He noted that projects like Parkville are tailored to meet this need by offering intelligently planned housing within integrated townships that promote sustainable and balanced urban development.
Strategically located in Oragadam, a key industrial and residential corridor near Chennai, Parkville benefits from its proximity to major manufacturing hubs, IT parks, and emerging infrastructure. This advantageous positioning is expected to bolster rental demand and enhance capital appreciation over time, offering long-term value to investors and homeowners alike.
Amenities and Target Audience
Residents of Parkville will enjoy access to a wide array of township amenities, including educational institutions, a hospital, retail outlets, a clubhouse, and comprehensive sports facilities. These features are designed to foster a holistic living environment that caters to modern lifestyle needs.
Hiranandani Communities has identified the primary target audience for Parkville as first-time homebuyers, young families, and professionals working in and around the Oragadam area. By addressing the specific requirements of these groups, the project aims to provide affordable, smartly designed homes that support both personal and professional growth in a rapidly developing region.
