Ambattur is steadily witnessing a real estate boom due to industrial growth. Residential real estate markets are picking up here and over the last few years, Ambattur is slowly becoming a popular area for residential housing. The area is now dotted with various commercial and residential projects by leading real estate developers. There are reportedly 1, 000+ properties in Ambattur with several new projects coming up as well. There are several multistoried apartments in Ambattur along with premium villas and independent houses. There is IT infrastructure being built nearby as well.
Areas like Koyambedu, Anna Nagar, Avadi, Mogappair and Padi are located in close proximity to Ambattur and it is a major manufacturing hub as well. Avadi was previously more coveted by buyers since Ambattur was majorly perceived as an industrial corridor. However, this scenario has changed drastically with several IT parks being set up nearby along with BPO centres. There are improvements in terms of social and physical infrastructure as well.
Several IT companies have set up their back-offices in Ambattur. South Asia’s largest industrial estate for small-scale industries, the Ambattur Industrial Estate is a major employment driver in the region. This has boosted infrastructure including townships, retail and residential projects and physical infrastructure according to experts. Several IT companies have deployed investments in commercial land which is located at Ambattur. The Prince Info Park, Chennai Tech Park, One Indiabulls Park, Ambit Park and other IT parks have also come up here. There are leading companies here including HCL Technologies, MilesTs, TCS, Dell and BPO centres such as Royal Bank of Scotland, Perot Systems, CMA CGM and iOPEX Technologies.
Ambattur is now popular as an IT hub for the workforce due to affordable rates and improved connectivity options. Ambattur is also popular when it comes to rentals. The reasonable property prices also make Ambattur popular amongst homebuyers here. There is connectivity to the railway network via three stations at Ambattur, Annanur and Thirumullavoyal. There are good public transport facilities including buses and auto rickshaws. There are several social amenities nearby like leading hospitals, educational institutions and entertainment and recreational zones.
