Growing housing demand for affordable homes, presence of IT/ITeS companies and local developments have led to Ambattur’s popularity.
If you thought big names would be the flavour of this season, we have reasons to believe otherwise. The popularity of Ambattur and areas such as Urapakkam, Velachery and Porur have replaced the list of previously popular areas of Nungambakkam, Alwarpet, Anna Nagar and the likes.
Here’s why -
Think affordable
Price sensitive Chennai market has almost 45 per cent takers for the sub Rs 50 lakh budget category. Needless to say, to cater to this overwhelming demand, there is always a hunt for localities offering economical and value for money housing units. Ambattur is one such place. As against areas like Nungambakkam with capital values exceeding Rs 90 lakh on an average,
Ambattur boasts of flats in the range of Rs 22 to 48 lakh. Here, affordability does not mean you have to compromise with facilities. Once an industrial hub and often overlooked by buyers for a more ‘decent’ buy like Avadi, today Ambattur stands to gain almost along the same lines as Old Mahabalipuram Road.
Be it gated communities, healthcare facilities, schools, convenience stores or a large number of IT/ITeS, textile companies - an investor can always draw benefit from these.
With large number of offices in the vicinity, the rental demand is also high. In a sluggish market, which prevails now, where most investors are contemplating selling their property, here’s one area that gives you the privilege of constant rental returns.
Source from: http://content.magicbricks.com/industry-news/chennai-real-estate-news/3-factors-making-ambattur-popular-in-chennai-realty/82740.html
Also read: Mantri Developers Reviews, Mantri Developers Review, Mantri Tranquil Review, Mantri Espana Review and Mantri Developers Reviews
If you thought big names would be the flavour of this season, we have reasons to believe otherwise. The popularity of Ambattur and areas such as Urapakkam, Velachery and Porur have replaced the list of previously popular areas of Nungambakkam, Alwarpet, Anna Nagar and the likes.
Here’s why -
Think affordable
Price sensitive Chennai market has almost 45 per cent takers for the sub Rs 50 lakh budget category. Needless to say, to cater to this overwhelming demand, there is always a hunt for localities offering economical and value for money housing units. Ambattur is one such place. As against areas like Nungambakkam with capital values exceeding Rs 90 lakh on an average,
Ambattur boasts of flats in the range of Rs 22 to 48 lakh. Here, affordability does not mean you have to compromise with facilities. Once an industrial hub and often overlooked by buyers for a more ‘decent’ buy like Avadi, today Ambattur stands to gain almost along the same lines as Old Mahabalipuram Road.
Be it gated communities, healthcare facilities, schools, convenience stores or a large number of IT/ITeS, textile companies - an investor can always draw benefit from these.
With large number of offices in the vicinity, the rental demand is also high. In a sluggish market, which prevails now, where most investors are contemplating selling their property, here’s one area that gives you the privilege of constant rental returns.
Source from: http://content.magicbricks.com/industry-news/chennai-real-estate-news/3-factors-making-ambattur-popular-in-chennai-realty/82740.html
Also read: Mantri Developers Reviews, Mantri Developers Review, Mantri Tranquil Review, Mantri Espana Review and Mantri Developers Reviews
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