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- Originally Posted by PriyaAmbattur - the emerging IT/ITES destination
The Ambattur area in the North of Chennai is rapidly emerging as an IT/ITES hub for the city and an alternative to the Old Mahabalipuram Road (OMR).
Ambattur has for many years been an industrial belt, home to a number of small-scale industries and larger manufacturers. Recently though, a number of IT/ITES companies have set up shop in Ambattur attracted by low real estate costs and the availability of manpower in the area. Real Estate developers are not far behind, with many planning to develop IT parks in the area on land released by companies closing down or moving to other regions such as Gummidipoondi.
Several IT/ITES companies have set up operations in Ambattur include HCL Technologies, ICICI OneSource, TCS, Polaris, and Perot Systems.
Developer RR Group is constructing a 2.2 million sq.ft IT Park on nine acres of land in Ambattur at a cost of Rs.510 crore. India Land and Properties, a part of global real estate investor Americorp, is building a 2.5 million sq.ft IT Park called "Chennai Tech Park" on 10-acres in the Ambattur Industrial estate at a cost of Rs.375 crore.
Ambattur is conveniently located just 15-km from Chennai airport and has well established road and rail connections. The area was also recently brought under the Chennai Municipal Corporation limits.
Most importantly though, Ambattur and neighbouring districts such as Anna Nagar, Perambur, Korattur and Villivakkam are places where a large chunk of Chennai's IT/ITES workforce resides. Locating IT/ITES facilities in Ambattur would significantly reduce commute time for workers who live here.
Real estate investors who have focused on the southern part of Chennai would do well to start looking at opportunities in the north of the city.
Source: INR news
This was the oldest thread in Chennai forum...sorry for bringing it out of closet.
in oct 2006 flashback....the title read Ambattur - the emerging IT/ITES destination
now in july 2009, almost 3 years later ambattur still remains the emerging IT hub :D:D:D ..this title could be relevant today also Ambattur - the emerging IT/ITES destination LOL!
in the meantime all those who bought flats in ambattur in last 3 years......dunno how much rents they are getting...do they have tenants in first place.CommentQuote0Flag
- Good catch.
May be after 3 years also, it will be the sameCommentQuote0Flag
- Still, I inquired with a builder recently and I get a quote of 3000 Rs per sft in Ambattur, about half a km from bus stand. I am really not sure if prices will come down here.CommentQuote0Flag