Coimbatore’s sudden Status change in the Realty market. Things to Know.

If you have to move from metropolitan cities and shift focus to Tier II cities when it comes to real estate investment, then you better have concrete reasons to do so. Coimbatore is an interesting choice to make. Apartments for sale in Coimbatore were once constructed with the purpose of catering to a laid-back retirement oriented community. As a matter of fact, apartments were lesser in number when compared to homes then. But today, the city is home to luxurious apartments much like any other metro in terms of quality and price and is also witnessing great demand. Properties in Coimbatore have abundant reasons contributing to growing demand.

Why Coimbatore 

 

There are a number of factors that attribute to favoring Coimbatore as a preferred destination for real estate investment. 

• The weather in the city is highly favorable. Many industries and organizations from other countries find the climate pleasant and favorable to set up establishments and centers. The city is today home to many expatriates and this migrant community prefers to live in tastefully constructed and comfortable apartments for sale in Coimbatore.  

 

• The city is today devoid of congestion and offers a more relaxed and laid-back living and hence preferred by a large group of real estate investors who want to stay away from hustle, bustle and speed. 

 

• Coimbatore is home to some of the country’s best educational institutions, state-of-the-art medical facilities, infrastructure and roads. It has always been so and the city manages to maintain and nurture the status even today. Properties in Coimbatore hence find takers easily and quickly.

 

• Coimbatore continues to have a large percentage of demand from senior citizens who are looking at homes to live in post retirement. The city’s status as retirement destination has not deteriorated over the years. Unlike Chennai that has only 5 to 10 percent of senior housing, Coimbatore faces demand from NRIs and South Indians located in other parts of India who intend to settle down in the city. A lot of US based NRIs also find interest in Coimbatore. The city also has a steady demand from Kerala residents who have bought apartments for sale in Coimbatore. 

 

• Big and premium builders have arrived in Coimbatore to create architectural marvels that stand the test of time and quality. This kind of entry indicates several growth factors that include potential of the city to develop over time and cheaper and better availability of land to be consumed in commercial and residential properties in Coimbatore.

People are investing in Coimbatore Real Estate. Know why.

As metropolitan cities become increasingly expensive by the day, real estate investors have shifted focus to Tier II cities in South India. Coimbatore is one of the most popular destinations in this category. Apartments for sale in Coimbatore have rapidly picked up pace because Chennai witnesses exorbitant prices. Once reckoned as a retirement destination, Coimbatore has today emerged as a real estate investor’s preferred choice. Properties in Coimbatore, with increased demand, are also observing transformation. The modest and simple independent homes and apartments are slowly giving way to opulent villas and luxury apartments of the best kind.

Coimbatore’s landscape is today inundated by modern residential apartments. Some structures that outdo their counterparts in several developed nations of the world. Coimbatore is today a relaxed city, slowly gearing up for industrialization like any other metropolitan city in India. Apartments for sale in Coimbatore are in greater demand for several reasons, some of which are stated below.

• Real estate prices in Chennai are soaring high and most times not affordable by middle income groups. Properties in Coimbatore are a lot more reasonable when compared to Chennai and hence the subject of immediate focus before prices soar higher in this city as well.

• Chennai is getting crowded with time. Coimbatore is a relatively more laid back city equipped with urban amenities and yet not congested. It has all the facilities that a metro can offer but a lot more lung space than Chennai or any other metro.

• Coimbatore has always been known as a medical and educational hub and textile destination. The city has the best educational institutions, hospitals and medical facilities and textile industries. Today, the city is also gearing up to witnesses the IT/ITES revolution. Several software services majors like Cognizant and Wipro have set up their bases and also have great expansion plans within the city.

• Commercial development along with growth of apartments for sale in Coimbatore has picked up greatly. This is because of availability of land and premises at relatively affordable prices. A lot of industries and multinational companies are beginning operations here and thus city is expected to see colossal industrial development.

Properties in Coimbatore are thus embarking on a journey that was once specific to the metropolitan culture. However, they are a lot more affordable now and investing in real estate of Coimbatore today is a wiser choice to make.