A recent article in the Times of India quoted a report by Colliers International stating that leasing activity in Chennai amounted to nearly 1.08 million sq ft in the second quarter of 2018. This increased interest in real estate investment is further evidenced by Blackstone LP’s recent acquisition of one of the most well-known IT parks in Ambattur – One India Bulls.
Ambattur is known for its industrial roots, the place where TI Cycles, one of India’s biggest businesses, was first set up. It has come a long way since then and is today one of the hottest places to make a real estate investment. Once a bustling village, it is believed that Ambattur derived its name from being the “aimbathu ondram oor” or the 51st town in a total of 108 religious places or “shakti sthalas” spread across Tamil Nadu.
The IT industry was quickly attracted to Ambattur due to the ready availability of vast swathes of land at low prices and its proximity to other residential neighbourhoods. With the rapid growth of the IT industry and aided by a picturesque setting amidst lakes, Ambattur quickly rose to become a preferred location for businesses and homebuyers alike, and in 2011 was incorporated into the Chennai City Corporation list.
Here’s why we think you should consider investing in Ambattur.
Connectivity
Ambattur is very well connected via the Chennai Bypass Expressway, Chennai Tiruvallur High Road, and the Chennai-Kolkata highway. The airport is only 20 km away while the central railway station is 17 km away.
The area is also accessible by bus with the Avadi Bus Stand, Koyembedu Bus Stand, and CMBT located quite close. Ambattur is also approximately 8 to 9 km away from Thirumangalam, one of the terminating stops on the Chennai Metro Rail network.
Ambattur is also not far from other popular areas like Avadi, Padi, and Anna Nagar, making it a highly convenient location.
Employment
While the Ambattur Industrial Estate is one of the oldest employment hubs in the area, today there are a plethora of IT parks in the vicinity, including prominent ones like Prince Info Park, Ambit Park, and Chennai Tech Park in addition to One India Bulls.
Schools and other amenities
Ambattur has a well-planned social infrastructure that encompasses all the basic requirements of a good residential area. The area is home to reputed schools like Annai Violet International School, Ebenezer Marcus International School and College, and the TI Matriculation Higher Secondary School, among others.
Sir Ivan Stedeford Hospital, named after the man who founded Tube Investments, is one of the most well-known hospitals in the neighbourhood along with Teja Hospital and Nila Hospital.
Affordable residential options
Ambattur is increasingly attracting homebuyers looking for long-term investments given its excellent location. Prospective buyers are highly attracted by its assortment of social amenities, which also includes a well-planned storm-water drain network.
The Thangal and Ambattur lakes nearby lend a very bucolic feel to the area. Ambattur also has readily available groundwater, which has been one of its main attractions.
Real estate: Prices currently range from Rs 3,850 to Rs 6,500 per sq. ft. on average and are rising at a fast rate.
Popularly featured projects in Ambattur
Ramky Wavoo Developers was formed in 2006, and their Lemongraz project at Ambattur offers 2 & 3BHK apartments. The base price for these apartments ranges from Rs 45 Lakh to Rs 65 Lakh with all basic amenities like ample car parking, power backup, swimming pool and gym, and high-level security.
Highlights: Lemongraz offers piped gas connections, rainwater harvesting, and a well-maintained sewage treatment plant. Every floor offers a great view of Ambattur’s lake from its lake view deck.
Who is it for? First-time homebuyers and young families.
VGN is one of the most prominent builders in Chennai and a well-known brand. Spread across 20 acres, VGN’s Stafford offers 2 and 3 BHK apartments situated very close to the Chennai-Tiruvallur High Road. The apartments here range between Rs 40 Lakh and Rs 55 Lakh, putting it squarely in the budget to medium bracket.
Highlights: VGN Stafford has a pharmacy, food court, departmental store, saloon, play room for children and an amphitheatre. It also holds language training classes and has its own planetarium and indoor cricket pitch.
Who is it for? Families with young children and first-time homebuyers.
Located close to the Chennai Bypass road, BBCL Navarathina offers 144 apartments with a choice of 1, 2, and 3 BHK flats at a price range of Rs 30 Lakh to Rs 74 Lakh. The complex offers basic amenities and is a no-frills, affordable option with the advantage of being very close to prominent IT parks in Ambattur.
Highlights: BBCL Navarathina has its own mini theatre, retail outlets, and a tuition centre.
Who is it for? Single, young working professionals, working couples, and young families.
The Dugar Group is a well-known brand in Chennai and has been operational for 25 years. It is credited with being the first developer that offered row houses in Chennai back in1987. Lake Dugar in Ambattur has 2 and 3BHK options with prices ranging between Rs 26.9 Lakh and Rs 91 Lakh. Situated opposite Tata Communications, Lake Dugar has a great view of the Puzhal Lake from most of the apartments.
Highlights: Lake Dugar has a library, open air theatre, spa and Jacuzzi, a giant open-air chess board, and yoga area. A beautiful mango grove and garden, and walking track complete the serene surroundings.
Who is it for? Families with older children and senior citizens.
Jain Housing and Construction are reputed builders who have been constructing homes since 1987 across major cities in India. A compact complex located on three acres of land, Adwitiya has 1, 2, and 3 BHK apartments on offer ranging from Rs 25.5 Lakh to Rs 66 Lakh.
Highlights: Jain Adwitiya has a jogging and walking track, open air theatre, a video game zone, and spa. It also offers a piped gas connection.
Who is it for? Families with children and senior citizens.
Kochar Homes is part of the Kochar Group, which is a property development firm established in 2000. Kochar Panchsheel has 1, 2, 2.5, and 3 BHK apartments strategically located on the main road with a price range of Rs 38 Lakh to Rs 79 Lakh.
Highlights: Kochar Panchsheel has no common walls between apartments and plenty of ventilation with apartments being open on three sides. It offers a piped gas connection, a departmental store, ATM, and two-wheeler parking area. It also has four well-furnished guest apartments.
Who is it for? Young families and working couples.
Ambattur is definitely a great investment for the future with prices continuing to appreciate along with demand. Infrastructure facilities are also improving consistently as more and more well-known builders expand their presence giving Ambattur plenty of promise.