Why Chennai's Ambattur Is An Up And Coming Real Estate Market
A beautiful locality in Thiruvallur district of Tamil Nadu, Ambattur is recognised for its picturesque surroundings and flourishing industries in north Chennai. A part of Chennai Corporation in 2011, Ambattur is surrounded by well-developed residential localities. The town gets its name from ambathu oor in Tamil which means collaboration of 50 small towns. Home to the famous Amman Temple, the region is considered one among 108 Shakthi Sthals in the country. The presence of quality educational institutes and healthcare centres also make the region highly habitable. PropGuide lists out the other major factors that make Ambattur real estate an up-and-coming realty hotspot.
Affordable property prices
Despite witnessing a price rise of 8.5 per cent, the locality offers a plethora of residential properties which fall within an affordable range. The average BSP of homes in Ambattur is Rs 4,459 per sq ft. In addition, lower rentals of apartments in Ambattur is another factor influencing the growth of the residential real estate market in the locality.
A commercial hub
Ambattur is the corporate destination for a number of renowned organisations namely Britannia, TVS, Tata Communication, Dunlop Dell, HCL Technologies and Tata Consultancy Services.
Presence of IT hub and IT parks
Offices of several information technology giants are nestled in Ambattur. These include MilesTs, HCL Technologies, Dell and Tata Consultancy Services. Also, Perot Systems, Telebuy, Polaris BPO, Serco, First Source & iOPEX Technologies are some popular BPO centres which have established their base at Ambattur. Major IT parks in the locality are Prince Info Park, Ambit Park, One Indiabulls Park and Chennai Tech Park.
Road and rail connectivity
MTC bus service provides excellent connectivity from Ambattur to other parts of the city. There is a smooth link via National Highway-205 as well as the Chennai-Kolkata Highway which is 67 kilometres away. Pattaravakkam railway station and Central-Arakkonam railway line are the major rail link to this burgeoning residential destination. The extension of Phase 2 of Chennai monorail has been proposed which shall further facilitate the commuting experience of the residents of Ambattur.
Promising residential projects in Ambattur
Prestigious Chennai-based property developers including Rajarathinam Constructions (RC) , Dugar Housing and VGN are very aggressive in the Ambattur region.
VGN Platina: A 17-acre property offering 2 and 3BHK villas of sizes ranging between 1,349 sq ft and 1,454 sq ft.
Lake Dugar: Developed by Dugar Housing, it's a residential property sprawling 3 acres and offers 1, 2 and 3 BHK apartments.
BBCL Navarathina: The property extends over 2.25 acres and comprises 1, 2 and 3 BHK homes ranging between 524 sq ft and 1,528 sq ft.