Coimbatore's Growing Value as A Realty Hotspot

While realty markets are usually abuzz with trends and developments taking place in the metros, there are some tier-II and III markets that witness equally scorching paces of development and this often puts them on the map as far as real estate growth and progress is concerned. There is huge interest from investors with regard to snapping up flats for sale in Coimbatore before property values escalate further. Coimbatore is now regarded as one of the emerging realty hubs of the country and the property sector is widely acknowledged as the major driver behind the overall growth and progress of the city. The real estate market is witnessing huge demand in Coimbatore mostly due to the steady influx of several leading educational institutions and companies into the city. Coimbatore offers several residential options and decent infrastructure to its residents.

Coimbatore has always been a popular tourist destination owing to its proximity to several prominent hill stations including Valparai, Ooty and Coonoor among others. It is also known as Kovai and is the second largest metro city in Tamil Nadu after Chennai which lies around 500 kilometres away from Coimbatore. The city has a rich industrial and historical legacy of its own and is home to several small, large and medium industries including both engineering and textile based organisations. The realty sector has picked up with industrial and business development and progress in the city and there are several leading realtors who are dominating the market including the KG Group, Bannari Amman Group, Presidium Constructions, Span Ventures and the Salzer Group.

If you’ve been looking for flats for sale in Coimbatore, you will be pleased to know that there are a variety of options available in the city. There are several options available in terms of regular apartments, individual houses and studio apartments alike. Properties available in the city are usually offered at affordable rates, something which is a major reason behind rising interest in realty markets in the city in recent times. The city is home to thriving automobile, engineering and textile industries and this attracts several professionals towards the realty market. Growth in industry has led to infrastructural development in the city and this has given a fillip to the realty market in turn. Coimbatore’s industrial prowess has led to it being called the Manchester of South India. Additionally, properties are priced much lower in Coimbatore in comparison to other major cities in the South like Bangalore, Chennai and Hyderabad.

The city is witnessing a steady influx of young professionals from other cities who have come here to set up their own business units or to take up work assignments at companies and industrial majors. The affordability of property prices has given enough confidence to this section of customers to explore the possibilities of purchasing their own homes in Coimbatore instead of taking the rental option. This has also contributed to the growth of the realty market along with industrial progress and growth. Coimbatore definitely looks set to be one of the biggest growth nodes of the future in South India as far as real estate is concerned.