Where to Invest in Coimbatore?

Apartments for sale in Coimbatore are meeting huge demands today. Coimbatore city by itself is becoming a hot spot of real estate investment. The city is facing demands not only in residential properties but also in vacant lands, office spaces and commercial properties. Several studies by real estate experts have shown that Coimbatore is an ideal destination for setting up an IT Park. Coimbatore is even ranked in the class of Chennai, Hyderabad and Bangalore in terms of real estate potential. Large scale infrastructure work has begun in the city in order to gear it for the big realty and commercial burst in a few years from now. Properties in Coimbatore are already observing soaring prices and huge returns on investment can be expected shortly.

NRI investment in real estate

Investment in real estate is always the safest bet even during times of economic recession. Real estate offers capital appreciation and constant returns. Today, RBI has relaxed investment rules for NRIs and with this; flow of foreign funds into Coimbatore has grown dramatically. Owing to the current property rates in the city vis-à-vis property prices in other cities like Chennai, Mumbai, Bangalore or Delhi; investing in apartments for sale in Coimbatore offers better prospects. The city is today the right place for realty investment. For investors looking at South India as a destination for real estate investment, Chennai has presented itself as a matured market but Coimbatore is only on the brink of development. Hence, with NRI interests in the city; premium builders are foraying into Coimbatore with modern homes and apartments that guarantee excellent ROI.

Ideal Places of Investment in Coimbatore

Properties in Coimbatore can be classified into North, South, East and West like most other cities in the country. While each has its own significance and appeal, there are specific areas that are growing at a faster pace than the rest. North Coimbatore comprises Thudiyalur, Mettupalyam, Kavundampalyam, Vellakinar and Sanganoor. This is the region that houses several existing and proposed IT companies, automotive manufacturers and great commercial activity. Apartments for sale in South Coimbatore are in Podanur, Chettipalyam, Townhall, Ukkadam and Sundarapuram amidst others. Connectivity to Palakkad and the rest of the city, dams, universities and temples is excellent here. Many prestigious residential properties are coming up in the South. Avinashi Road, Peelamedu, Trichy Road, Ramanathapuram are some localities of East Coimbatore that is also home to educational institutions, colossal residential development and commercial activity. Finally, properties in West Coimbatore are in Saibaba Colony, R.S. Puram and Gandhipark pose excellent options for investment because of the abundance of commercial and residential activities here.

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.

Why is Coimbatore Considered as the Next Big Destination for Realty Growth?

When it comes to luxury, Coimbatore is no way lesser than a metropolitan city. Luxurious apartments for sale in Coimbatore are gradually making their foray into the city’s serene landscape. Once, reckoned as a retirement destination; Coimbatore is slowly changing its facade to accommodate modern industries, migrating population and a diverse lifestyle that is synonymous with metropolitan cities.  As the city progresses, realty growth has also been astounding. There are numerous mid-range and large scale projects that have inundated Coimbatore and builders from other parts of the country and also several countries of the world are making their impressions here today.

Luxurious apartments for sale in Coimbatore are emerging for a reason. There is not just one but several that substantiate their rapid development.

1. Land prices in Coimbatore are relatively more affordable than the metropolitan cities of the country. Hence, investors are looking at making early investments and reaping bigger profits.

2. Coimbatore has been synonymous with exceptional textile, education and medical amenities. Today, the region is attracting more new-age industries like IT and ITES. Wipro and CTS have shown the way and the rest are following pursuit.

3. Rapid industrialization signifies increased employment opportunities. Higher employment options mean rising population and rising population will demand housing. And when income levels get higher, property expectations get bigger. This is where luxurious apartments for sale in Coimbatore become significant.

Coimbatore is a progressive market. It is going to be the next big destination in terms of soaring realty development.

Coimbatore Properties prepare for the Real Estate Boom

Properties in Coimbatore were once the more conservative and traditional structures ideal for catering to the demands of retirement community and/or traditional industries.  Today, Coimbatore enjoys a status close to any metropolitan city of India. Extensive industrialization, advent of new age industries, exceptional medical and educational background and a pleasant climate round the year make Coimbatore one of the easiest targets for real estate appreciation. Proximity to other industrial cities like Tirupur and the more developed Chennai makes Coimbatore a preferred destination with both investor community and real estate builders.


Architectural Style of the City

Apartments for sale in Coimbatore are today modern architectural marvels that combine functional excellence with luxury and convenience. Contemporary architectural style embodying designs and techniques of global real estate market reflect in the properties of Coimbatore today. The city’s real estate development can be compared to that of Chennai’s simply because there is a lot of progress happening in the arterial roads in both the cities. Regions falling under these arterial roads are developing at a more rapid pace than most other areas. Coimbatore has another distinct advantage for the future because the city is today not as expensive as Chennai when it comes to commercial or residential real estate. Many areas of Chennai including its Central Business District are exorbitantly priced and out of reach with the middle and upper middle class sections of the society.

Hubs of major Real Estate development

Coimbatore on the contrary is still relatively affordable and hence it becomes natural for investors to choose the city as the destination for an impending real estate boom. Developments in the form of real estate and infrastructure are exceptional in many areas like Avinashi Road and Race Course Road. It is no wonder that these regions are also the hubs of modern residential and commercial properties in the city. There has been a significant increase in the demand for up-market apartments and homes in Coimbatore. The residential structures are eco-friendly green homes complete with urban amenities qualified for the modern customer. With the advent of new age industries like IT and ITES, the migrant population expects lifestyle standards in properties in the city.

Modern apartments for sale in Coimbatore are hence made by renowned and leading real estate developers from the country and other parts of the world. The extent and magnitude of developments have driven these builders to consider posh and modern styles in the field of construction. Commercial properties are following close and the gradual need to permeate international markets has urged companies and industries to shift to state-of-the-art structures. Hence, real estate developers are pushed to create modern structures that are functionally, luxuriously and aesthetically up-market. Coimbatore is witnessing its real estate boom and investors want to be a part of it at the earliest.