North Chennai is well on its way to becoming a booming real estate destination in Chennai City. With south Chennai heading towards saturation and property rates there being very expensive, areas in north Chennai have become popular. One such micro market is Ambattur. The area was primarily known to be an industrial hub and was populated by blue collar workers. The scenario has now changed with many Information Technology companies setting up base there and looking for commercial properties for sale in Ambattur.
The going rate for plots in Ambattur stood at INR 2600 per square feet on average in the last quarter of 2012. In the first quarter of 2013 the going rate stood at INR 2900 per square feet on average. This was an increase of 11% when compared to the last quarter of that year. In the second quarter of that year the going rate for plots here stood at INR 2400 per square feet on average. This is a dip of about 17% in the price for properties in chennai. In the third quarter of that year the going rate remained unchanged. But in the last quarter of that year the going rate jumped to about INR 3200 per square feet on average. This was an increase of about 33% when compared to the previous quarter. In the first quarter of the 2014 the going rate stood at INR 3000 per square feet. There was a marginal dip in prices again the second quarter of 2014 as they stood at INR 2900 per square feet. Currently the going rate for plots here stands at INR 3600 per square feet on average.
The going rate for apartments in this micro market currently stands at INR 4100 per square feet. This is an increase of about 3% when compared to the previous quarter. In the third quarter of 2013 the going rate for apartments here stood at INR 3400 per square feet on average which was a dip of about 14% when compared to the previous quarter. In the last quarter of that year the going rate stood at INR 5000 per square which was tremendous leap of about 50% in prices. In the first quarter of 2014 the going rate once again dipped to about 21% and stood at INR 4000 per square feet. The going rate for individual homes here stands at INR 5500 per square feet on average. About a year ago the going rate for this type of property stood at INR 6000 per square feet.
There is maximum demand for apartments in chennai. This is followed by 1 BHKs. The most preferred unit size for apartments here falls between 751 and 1000 square feet. Buyers are willing to spend anywhere between INR 20 to 30 lakhs on apartments here. One can easily purchase a 3 BHK apartment here within a budget of INR 40 to 50 lakhs. Investing in residential or commercial properties for sale in Ambattur can be a good decision.
The going rate for plots in Ambattur stood at INR 2600 per square feet on average in the last quarter of 2012. In the first quarter of 2013 the going rate stood at INR 2900 per square feet on average. This was an increase of 11% when compared to the last quarter of that year. In the second quarter of that year the going rate for plots here stood at INR 2400 per square feet on average. This is a dip of about 17% in the price for properties in chennai. In the third quarter of that year the going rate remained unchanged. But in the last quarter of that year the going rate jumped to about INR 3200 per square feet on average. This was an increase of about 33% when compared to the previous quarter. In the first quarter of the 2014 the going rate stood at INR 3000 per square feet. There was a marginal dip in prices again the second quarter of 2014 as they stood at INR 2900 per square feet. Currently the going rate for plots here stands at INR 3600 per square feet on average.
The going rate for apartments in this micro market currently stands at INR 4100 per square feet. This is an increase of about 3% when compared to the previous quarter. In the third quarter of 2013 the going rate for apartments here stood at INR 3400 per square feet on average which was a dip of about 14% when compared to the previous quarter. In the last quarter of that year the going rate stood at INR 5000 per square which was tremendous leap of about 50% in prices. In the first quarter of 2014 the going rate once again dipped to about 21% and stood at INR 4000 per square feet. The going rate for individual homes here stands at INR 5500 per square feet on average. About a year ago the going rate for this type of property stood at INR 6000 per square feet.
There is maximum demand for apartments in chennai. This is followed by 1 BHKs. The most preferred unit size for apartments here falls between 751 and 1000 square feet. Buyers are willing to spend anywhere between INR 20 to 30 lakhs on apartments here. One can easily purchase a 3 BHK apartment here within a budget of INR 40 to 50 lakhs. Investing in residential or commercial properties for sale in Ambattur can be a good decision.
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