Real Estate Market in Coimbatore

Q: Hi, I’m from Indore. I’m thinking of investing in real estate. How is the city of Coimbatore for that purpose? Is it a good idea to invest here? What have the real estate trends been in the near past in this city?

Aditya Jogi, Indore

20th May 2014

Investment Advice in Coimbatore

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The real estate demand in Coimbatore is on a steady increase, as there are going to be more than 1 lakh job openings in the city for the next 4 – 5 years. The number of IT companies is steadily going up. You can expect the real estate market to capitalize on that economic growth in the city. There has also been a surge in the number of new retirement homes in the city. Because of its pleasant climate throughout the year, many people want to spend their retirement lives here in Coimbatore.

Satyanathan Kumar, Coimbatore

20th May 2014

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Hey, I agree with these guys. The election is bound to affect the real estate market everywhere in India. So it is better to go with Coimbatore which has seen a steady market in the past year. If the Regulator Bill is passed this year, that will provide another huge boost to the real estate in Coimbatore. Already areas like Saravanampatti, Peelamedu, RS Puram, Sai Baba Colony, etc have seen tremendous growth. The market is almost completely saturated in those areas, so I’ll suggest you to try out the upcoming areas of RK Puram, Singanullur, Avinashi Road, Trichy Road, etc.

Sumitra Kannan, Coimbatore

20th May 2014

Comment

Although the economy has been slowing down lately, Coimbatore has managed to escape that fate. It is one of the most preferred locations in India for upcoming as well as existing businesses, and that is affecting the real estate market too. The prices are appreciating and this is the best time for you to invest in Coimbatore real estate.
In 2014, the focus is on the general elections. This might lead to a delay in overall investment processes, as official approvals are going to be put on hold for some time.

Sandhya Prasad, Coimbatore

20th May 2014

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Hey, investing in Coimbatore real estate is a good idea. According to CRISIL, the real estate market in Coimbatore has seen a steady growth in the year of 2013. This trend is expected to continue in the upcoming year as well. The best part is that the real estate market in Coimbatore is mostly attracting investors from all over the country, like you. because of this famous builders like the Puravankara group, are targeting Coimbatore for some major real estate projects

Naduveetil Rajgopal, Coimbatore

20th May 2014

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