Guide for Ambattur Residential Real Estate Investment
Table of Contents
Ambattur is situated in the north-western section of the city of Chennai, in the Ambattur taluk. It is mainly an industrial as well as information technology (IT) hub. The region covers an area of 45km²and houses several residential plots, builder floors, and low to mid-rise apartments.
Also, Ambattur is well-connected by buses, trains, as well as public transport to the rest of the city. Apart from the transport system, Ambattur has a mild environment and comprises several markets, hospitals, ATMs, railway stations, shopping malls and so on.
So, if you are looking forward to investing in residential real estate in Ambattur, keep reading to know its perks.
Top Reasons to Invest in Residential Real Estate in Ambattur
Here are some important reasons for you to invest in residential properties in Ambattur
- Top Education Centres
Ambattur invites plenty of students and scholars to pursue their education in this town. This old town comprises many schools, colleges and universities. Sri Krish International School, SatheeshBalajiMatric Hr. Sec. School, Narayana E-Techno School, Pnet School, Atom Kids Play School and Day Care, Green Valley Central School, etc. are some notable schools of this region.
When it comes to colleges, Ebenezer Marcus International School and Junior College, Irik International Academy, Annai Violet Arts and Science College, Soka Ikeda College, etc. are some prestigious ones here.
- Top-Notch Hospitals
Ambattur comprises some super-facility hospitals Ravina Hospital, Sims Hospital, Iswarya Women’s Hospital & Fertility Centre, EssVee Hospital, Sir Ivan Stedford Hospital, Kgj Hospital, Dr. Rabindrans Health Care Centre Pvt Ltd, among others. These hospitals come with every kind of medical treatment and serve as well-resourced healthcare units in Ambattur.
- Reasonable Living Expense
Since Ambattur is among the budget-friendlyplaces in Tamil Nadu it is evident that the Living Cost Index of Ambattur is reasonable.This taluk isideal for lower-income residents as well as middle-class people as it provides affordable goods and services.This is why investing in residential property here may be a good choice since the houses in this region have a high demand.
- Shopping Malls and Entertainment
When it comes to entertainment, Ambattur has plenty of convenient shopping malls for its residents. Some of the well-known shopping malls include VR Mall, Ampa Skywalk, Nexus Vijaya, Forum Mall, Express Avenue Mall, Chandra Metro Mall, and so on. It also has some notable cinema halls such as Murugan Cinemas, Rakki Cinemas, PVR Cinemas (VR Chennai Mall), Sivashakti Cinema Hall, Green cinemas, and so on.
Investment Opportunities in Residential Real Estate in Ambattur
Here are some locations for you to invest in commercial properties in Ambattur:
Sembium is a small region of Chennai, located near Perambur. Although small, it is a much-developed residential area and a metropolitan city. This place has been well connected through bus and train transport which has streamlined communication. The Perambur railway station is located very near Sembium. Costs of residential properties in Sembium range between ₹3650 and ₹12,600 per square foot.
Ramapuram is a small locality that lies in Ambattur and comprises residential real estate opportunities. This region comprises several social and commercial facilities like offices and industries, grocery, apartments, ATMs, healthcare facilities etc. Furthermore, in terms of transport facilities the region is connected by roads. You can access buses easily from the Ramapuram bus stop. Costs of residential properties in Ramapuram range between₹2680 and ₹19,000per square foot.
Things to Consider Before Investing in a Residential Property in Ambattur
Following are some important pointers you need to consider while investing in residential real estate in Ambattur:
- Safety and Security
Security is among the key factors that you should consider when looking for residential properties. Thus, while conducting your research ensure that the area around that plot is safe and free from any kind of crime or disturbances.
If necessary, you may verify the criminal records in that area alongside its adjacent regions from the nearby police station. You can even check whether the property where you are going to invest is adhering to the government rules and regulations to ensure maximum safety.
- Determining the Budget
Making a proper plan is essential at the time of investing in real estate. Having a complete idea about the budget may help you manage your income and expenses in the correct order to make sure that your financial status does not get affected.
In addition, knowing the budget will enable you to specify the property you wish to acquire in terms of location and space. Thus, it is sensible to confine the budget within your capacity for loan repayment.
- RERA Authentication
The RERA certificate is a legal document which acts as major proof that a property or project is registered under state-level RERA authority. The Real Estate Regulatory Authority (RERA) Act 2016 was passed for protecting the interests of homebuyers and bringing efficiency to the regulation and management of the real estate industry. While investing in residential real estate, check the official website of RERA to ensure the authenticity of the property.
Stamp Duty in Ambattur
The table discussed below shows the stamp duty charges applicable in Ambattur:
|Male + Female||7%|
|Female + Female||7%|
Registration Charges in Ambattur
The registration charges for residential properties in Ambattur are as follows:
|Male + Female||4%|
|Female + Female||4%|
Ambattur Residential Real Estate Sector- What’s the Forecast?
Ambattur is one of the most inexpensive and pleasant cities in Chennai which has been considered an ideal place for people to live who belong to the middle class. In view of the price trends in Ambattur alongside the growing demand, the locality is publicised to emerge as an ideal investment region in future.
The Tamil Nadu housing board (TNHB) has provided quality and reasonable housing solutions to the residents of this region. It renders housing facilities for high-income groups, middle-income groups, as well as low-income groups. Furthermore, the ‘Tamil Nadu Housing Project for All’ is an upcoming project organised by the government, which aims to offer quality housing facilities by 2023. This way, it ensures the improvement of this region’s infrastructure. Thus, if you are eager to buy a residential property here, it is high time to go for it.
Residential Real Estate vs. Other Asset Classes
Following are some major differences between residential real estate and other common asset classes:
Residential Real Estate vs. Gold
Depositing money in residential real estate enables investors to gain passive income periodically. Gold also serves as a stable investment option that may be used against inflation. In terms of liquidity, gold is considered more liquid than real estate.
Residential Real Estate vs Commercial Real Estate
Generally, commercial real estate provides higher returns than residential real estate. However, when you are buying residential property in terms of a loan, you will get higher tax benefits than that commercial real estate. Also, for commercial properties, finding tenants can seem to be more hectic than residential ones.
Residential Real Estate vs Stocks and Mutual Funds
You may gain comparatively better returns from stocks and mutual funds than real estate. However, due to their volatility, these investments are considered to be risky. Conversely, residential properties come with stable returns and are relatively less risky than mutual funds and stocks.
Residential Real Estate vs Bonds
Undoubtedly, both residential real estate and bonds provide steady returns. Bonds help in generating income from interest whereas real estate signifies the scope for generating stable cash flow through rental income.Bonds are known for their low volatility, higher liquidity, legal protection, etc. Also, bonds are considered to be a securer investment option which provides foreseeable returns.
Following is the table showing the comparison of the above asset classes as per their liquidity, volatility, and risks.
|Parameters||Residential Real Estate||Stocks & Mutual Funds||Gold||Commercial Real Estate||Bonds|
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Steps to Invest in Residential Real Estate in Ambattur
Mentioned below are the steps to investing in residential real estate in Ambattur:
Step 1:Estimate and finalise your budget
Step 2:Conduct market research and verify the sites that have substantial potential value.
Step 3: List down some locations and figure out the one that suits you the best.
Step 4:Visit these chosen sites and analyse them thoroughly.
Step 5:After this, decide on a residential building that fulfils your needs and investment outlook.
Step 6:Evaluate the official documents such as Title Deed, Encumbrance Certificate, etc.
Step 7: Complete the formalities like stamp duty charges and registration fees.
Step 8: Pay service charges to your real estate consultants.
Step 9: Consider buying an insurance plan in order to cover your purchased residential property.
Builders in Ambattur play a vital role in the development and progression of this area. There has been evident growth in the real estate market of Ambattur in the last couple of years. The region provides high-quality health care and education alongside projections of future development. To earn generous returns from your investment, parking your funds in residential property at Ambattur can be a good choice for you. However, you need to conduct complete research before investing in residential properties here.
Frequently Asked Questions
- Is there any national highway in Ambattur?
The main national highway that runs over the region of Ambattur is NH205. This national highway connects Ambattur toAnantapur and Chennai.
- Which is the nearby airport to Ambattur?
The nearby airport to the Industrial Estate of Ambattur is Madras (MAA) Airport which is about 12.3 kilometres away. Other airport options comprise Tirupati (TIR) which is about 90 kilometres away from Ambattur.
- Which are the top tourist attractions of Ambattur?
Some of the well-known tourist places of Ambattur comprise Arignar Anna Zoological Park, Ben Foundation, Marina Beach, SemmozhiPoonga, MGR Memorial, etc.
- What are the popular builders of Ambattur?
Some of the well-known builders of Ambattur comprise Godrej Properties, Brigade Group, Pacifica Companies, Casagrand, Olympia Group, and so on.