Reasons to Invest in Chennai’s IT suburb Ambattur


Ambattur, once a village, has transformed itself into an industrial hub and IT hub. It is located in Thiruvalluvar district and is part of Chennai Corporation. The transformation is really remarkable for a place like Ambattur, which was known for its agricultural lands and extensive farming. The journey started in the year 1964 after the Ambattur Industrial Estate was set up, with companies like TI Cycles, TVS, Dunlop and Britannia setting up production units. The surrounding areas of this locality are: Anna Nagar, Mogappair, Pudur, Korattur, Red Hills and Thirumullaivoyal.

This locality is strategically located on the Chennai-Thiruvallur High Road or NH205 and is just 7 kilometres away from Chennai-Kolkata highway. The new Chennai Bypass road between Maduravoyal and Madhavaram passes through Ambattur Industrial Estate which connects with NH5 and NH205 via Ambattur. Connectivity is not a problem as such in this locality. The main modes of transport are by rail and road. The nearest rail station is Ambattur railway station which connects to the Chennai suburban network. Ambattur railway station serves the residential areas and Pattaravakkam railway station serves the Ambattur Industrial Estate area. Ambattur does not have a proper bus terminus despite being one of the biggest localities of Chennai. Lots of bus from Avadi and outskirts of Chennai pass through Ambattur providing a good connectivity to the residents. Due to the good connectivity and job opportunities, this locality is witnessing demand for flats in Ambattur.

Infrastructure:

Resident of Ambattur flats enjoy the good civic and social infrastructure like schools, colleges and hospitals. Some of the good schools in this locality are Ebenezer Marcus International School & Junior College, Sir Ramaswami Mudaliar Higher Secondary, Velammal School (CBSE and Matriculation), Ebenezer Marcus Matriculation Higher Secondary School, and St.Joseph Matriculation Higher Senior Secondary School. Colleges like Velammal Engineering College is located just 5 km away from Ambattur on the Ambattur-Red Hills road. Other good colleges surrounding this area are Annai Violet College of Arts and Science at Menambedu, Soka Ikeda College of Arts and Science for Women at Madhanankuppam, Benson College of Hotel Management and Culinary Arts. Good hospitals found in this residential hotspot are Sir Ivan Stedford hospitals, Rakki Hospital, Dr. Rabindran’s Health Care Centre Pvt. Ltd., BM Hospital, Ezhil Hospital & Physiotherapy Clinic.

Ambattur is surrounded by water bodies – the Ambattur Eri, Chithu Oragadam Lake and the bigger Puzhal Eri on the outskirts. With so many water bodies nearby, there is no shortage of good drinking water. This locality has a stormwater drain network of 177.95 km which prevents waterlogged roads in the monsoon season.

Industrial and Real Estate

Ambattur Industrial Estate is spread over an area of 1430 acres and companies like Britannia, TI Cycles of India, Dunlop, and TVS have their manufacturing plants in Ambattur. Media companies like Jaya TV, Vijay TV, Asianet and Kairali are part of this estate. Beside these, many IT firms started coming to Ambattur after 2000 as the commercial real estate price was low when compared to IT corridor in south Chennai. The IT companies who have already created a niche for themselves here are HCL Technologies, Dell, Tata Consultancy Services, Perot System and Royal Bank of Scotland (RBS). Workforce working in these companies and in IT parks like Ambit Park, Prince Info Park, India Land Properties are looking for apartments and plots in Ambattur for investment or for end use.

Builders seeing this great demand for properties in Ambattur are coming up with unique and affordable projects for the different segments. Some of the ongoing residential projects in Ambattur are: GN Stafford by VGN Developers, Kochar Pancheel by Kochar Homes Private Limited, Fomra Thiurbhuvan by Fomra Housing, BBCL Navarathina and BBCL Thejus by Bharath Building Corporation Llimited. Residents who are interested in plots can look at Sri Sai Sakthi Nagar. Some of the builders are providing amenities like library, indoor cricket with bowling, home theater, planetarium, food court, ATM, salon and clinic among others.

Price Trends for Residential real estate

Return on Investment has witnessed an increase of 2% q-o-q. The highest locality price for flats for sale in Ambattur is Rs. 4200 per square foot, average locality price is Rs. 4100 per square foot and the lowest locality price: Rs. 4000 per square foot. Residential land in Ambattur is witnessing a decrease of 9% q-o-q. The highest locality price being 25700 per square yard, lowest being 19300 per square yard and the average cost is Rs. 22500 per square yard. Commercial plot for 1200 square foot is priced at Rs. 20 lakhs to Rs. 25 lakhs.

Established rail network, bus routes and other means of public transport are definite boons to this locality. At a time when corporate are looking to cut costs and lower rentals, then Ambattur is the best place to be in and invest.

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