What Makes Investing In Apartment In Ambattur A Smart Decision

Ambattur is a fast developing residential locality and IT hub of West Chennai. It is spread over an area of 45 sq km and is known as the auto ancillary and textile hub of Tamilnadu. The small agricultural village was transformed into an industrial hub ever since the Ambattur industrial estate was set up in 1964. More than 1800 small industrial units are established here, said to be the biggest in South Asia.

Owing to relatively low land prices and low lease rentals, many IT companies and MNC offices began to be established at Ambattur. This propelled development of infrastructure and this motivated people to invest in apartments in Ambattur. Property highlights of this locality are:

The Ambattur industrial estate, which is a prime economic mover of the area is spread over 1400 acres. Companies like Britannia Industries Limited, TI Cycles of India, Dunlop, and TVS motors have their plants in Ambattur. The Heavy Vehicle factory of the Army Ordnance is also based close by in Avadi.

The locality has also attracted a lot of IT companies like HCL Technologies, Dell and TCS, due to its proximity to residential neighbourhoods and the lower rentals. Many BPO service companies are also based in this area. Naturally professionals working in this area are seeking for good apartments in Ambattur.

Road connectivity has improved dramatically. The Chennai-Tiruvallur Highway NH 205 passes through Ambattur and the Chennai-Kolkata highway has close access. The new Chennai Bypass road which passes through Ambattur Industrial Estate connects NH4 with NH5 and NH205. The Ambattur bus terminus connects Ambattur with various parts of Chennai city.

The Chennai -Arakkonam railway line passes through Ambattur and has two railway stations at Ambattur serving the residential areas and Pattaravakkam railway station for the Ambattur Industrial Estate area. Suburban EMU trains also operate daily from Chennai to Ambattur. The railway line divides the town, with the northern portions more modern and developed. Investors are thus focussed on new projects with good internal amenities at affordable rates for apartments in Ambattur.

A large number of CBSE and international schools serves this town like Vivekananda Vidyalaya, Kendra Vidyalaya and Venkateswara Matriculation. An engineering and hotel management college is also based here.

There are about 90 properties advertised on the leading real estate portal, 99 acres.com. 90 % of the properties are priced below Rs 60 lacs and are configured on 2 & 3 BHK formats. Larger number of properties is of new construction. Prices of listed Apartments in Ambattur range from Rs 3000 to Rs 4300 per sft.

There are only 2 property dealers listed. However, 9 new projects are advertised like Kochar Pancsheel and Lake Dugar in 1, 2 & 3 BHK category. Prices vary from Rs 23 lacs to Rs 93 lacs.

Average apartment rates are Rs 3500 per sft. Geejay homes are constructing 2 projects in independent hose and duplex style.VGN Builders have launched Stafford project which is spread across 20 acres. It houses flats ranging from 572 to 1,576 sq ft making VGN Stafford the largest and perhaps the most luxurious residential development in Ambattur.