Rise in the demand for buying apartments in Ambattur?
Ambattur is the booming suburb of Chennai, which belongs to the Thiruvallur district of Tamilnadu. The locality once been a rural town has witnessed a remarkable transformation after the Amabttur Industrial Estate set up in the year 1964. Since then, the big companies like TVS, Dunlop, TI Cycles and Britannia have started up their production units in the locality. Ultimately, the residential growth has amplified to a greater extend. Due to constant commercial and residential growth in this locality, Ambattur was added as part of Chennai Corporation in 2011.
Since the year 2000, the area have noticed an immense growth in the IT sector, as the commercial real estate price was low compared to the IT corridor (OMR). The IT companies located in this area include Dell, Tata Consultancy Services, HCL Technologies, Royal Bank of Scotland (RBS) and Perot System. These IT companies have opted out their office spaces at the IT parks like Prince Info Park, Ambit IT Park and India Land Properties. The employees of these companies are looking for apartments for sale in Ambattur. With the close proximity to the major places of Chennai, the residential real estate price has increased to a greater extend.
As Ambattur is strategically located, it offers good connectivity for the residents and working professionals to reach all the major places of Chennai. Despite of not having a proper bus terminus, the locality has a good road transport frequency through buses that travels through Ambattur. Apart from it, the road will connect to all the important National Highways like NH5, NH4 and NH205. Another advantage of this locality is the Ambattur Raiway Station, which is located between Chennai-Tiruttani railway routes. The Suburb EMU trains operate daily from Chennai Beach and Chennai Central to Tiruvallur, Arokkonam and Tiruttani through Ambattur Railway Station. With all these good transportation features, the demand for buying individual houses and flats in Ambattur is being increased in recent days. The price range of the apartments in this area depends on the location and amenities provided.
In the vicinity of Ambathur, there are some best educational institutions that include Velammal Engineering College, Vel Tech Engineering College, Velammal Matriculation School, Sethu Baskara Matriculation School, Ebenazer Marcus Matriculation Higher Secondary School and more. The famous hospitals in the surrounding are Sir Ivan Stedford Hospital, Teja Hospital, Ravindranath Health Care Centre, Ess Vee Hospital etc. The area also has several recreational centres like Rakki Cinemas (Multiplex) and Sri Murugan theatre. Apart from it, the parks at this location include Thangal Lake Park, Thiruvengada Nagar Corporation Park and Krishnapuram Corporation Park.
In the next few years, the locality is expected to grow economically with lots of proposed commercial projects in future. The job opportunities will also high, as many of the IT companies have planned to have their facility in this location. Therefore, if you are planning for a property investment in Chennai, the smart choice is to buy apartments or flats in Ambattur.