Evolution of Coimbatore Real Estate

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Investment is a term used for an action or process of investing money for profit. One of the investments that give the highest returns compared to other investments is Real estate or property Investment.

Now that we know Real estate Investment is no doubt the best kind of investment, the question arises as to where can you invest for the best returns?

According to the realty analysts , 2018-2019 has a lot of potential for positive outcomes for plenty of reasons. One of which is the compulsion for the rule of RERA.

Have you been thinking of Investing in a south indian city?

Or are you planning to fulfil your dream of buying your own house as soon as possible?

What if I tell you there are some RERA approved, habitable plots waiting to be booked at an affordable rate, right in the heart of Tamil Nadu?

Yes you heard it right !

One of the developing cities of Tamil Nadu also known as the manchester of South India, due to the existence of its vast textile industry. - Coimbatore, is fast emerging as a real estate hotspot in the recent times.

Investing in a property is a dream come true. Which is why you need to be more than careful you don't make a mistake while you are at it.

Buying a house of your own in a new city or country involves a lot of planning and research.

Some of the most important factors to keep in mind, is the History that the city holds, the culture/neighbourhood, facilities, Infrastructural developments and something that most people take into consideration for investing for profits is that what kind of a future does the city hold.

Quick peek History of Coimbatore

Coimbatore also known as Kovai and coyamuthur is the second largest city of Tamil Nadu .

Going back to 1920s and 1930s, Coimbatore experienced a textile boom, which was partly abetted by the decline of the textile industry in Bombay.

In 1934 the construction of the Mettur Dam also fostered in the growth of the city. Road and rail connectivity with Coimbatore was improved considerably during this period, facilitating easier transportation of goods making it further habitable. Some of the earliest film studios in South India was in Coimbatore.

In the 2014 annual Indian city survey, Coimbatore was ranked as the best emerging city in India by India Today. The city was also rated as the safest city in India especially for women according to the National Crime Records Bureau report in the year 2015.

However Coimbatore has been seeing an extremely different pace of growth in the recent years until 2018 and hopefully will see a brighter future too.

Now that we know the history of Coimbatore and how it has evolved let's look into the major factors that you need to consider before buying a property.

Reasons why it is a great Idea to Invest in Coimbatore Real estate.

Affordability while there is Demand

Coimbatore is one of those cities that holds a mix of rural and urban cultures. With the rising in reality price in metro cities, the focus has now moved on towards the developing cities. Coimbatore has witnessed a remarkable growth and offers a low budget and affordable investment on properties. To make sure your investment is worthwhile in this city, you can easily find and stay in an individual house for rent in Coimbatore.

Excellent infrastructure facilities

The growth of numerous sectors such as automobile parts manufacturing, general engineering and IT/ITeS in the city, has resulted in a real estate boom that isn’t going away any time soon. This city, known for its efficient public transportation system, stunning civic and social amenities, is no longer just a passive observer but a dominant participant in the real estate market. From abundant water resources to assured power supply, Coimbatore offers all the modern facilities one requires for a happy living. Not only that, with more than two multiplexes and the breath-taking hill station, Ooty, just 80KM away, this city’s liveable quotient peaks all charts.

Educational Hub

Coimbatore is one of the most sought-after destinations for educational courses with world renowned institutes and universities. It offers excellent prospects for your kids to flourish in this competitive world. It has top-notch institutions in every field from international schools to medical colleges. Few of the recognised educational institutes include PSG College of Technology and the Coimbatore Institute of Technology. Also, the presence of renowned research institutes, such as Central Institute for Cotton Research and South India Textile Research, among many others, have proved to be a boon for this versatile city when it comes to real estate growth.

Plethora of job opportunities

People of this city are well known for their enterprising and industrious nature. Therefore, the phenomenal industrial growth that this city has witnessed over the years comes as no surprise. Setting off a chain reaction, this growth has created numerous job opportunities and has also spurred an increased demand for long-term investments in real estate. This city, with its excellent employment opportunities and pleasant climate, is the perfect place to reside in for professionals and businessmen alike.

Social infrastructure

Coimbatore is currently bustling with pop culture and social life. With a range of top fashion malls such as Brookefields Mall, Prozone Mall and Fun City Mall, you will always have a place to unwind in after work hours. You can also catch up with friends and watch the latest blockbusters at the renowned SPI Cinemas for a mind-blowing theatre experience.

With the above mentioned reasons to invest in coimbatore, it is very evident that, Coimbatore has been seeing an evolution not only in terms of the growth but also in terms of the prices in the market for the real estate since 2009 to recent years .

Below is a graph that explains the same.

Do you think you’re halfway there in making up your mind, then let’s look into some of the best options for the same.

If you are thinking of moving to one of the best residential localities in Coimbatore, below are the options you could consider.

1. Singanallur
Singanallur is one of the best localities to buy a house and stay in Coimbatore. ( 6.5 KM away from Coimbatore airport ) Famous for world class hotels to dine out with your Family. Futuristic approach - Due to its proximity to schools, hospitals, there are many apartments & villas coming up in this location.

2. R.S Puram
R.S Puram is also known as the shopping district of Coimbatore. (12 Km away from Coimbatore airport.)

It is completely a residential area ornamented with many commercial complexes, government offices, educational institutions much more. DB Road in RS Puram is famous for shopping.

3. Sai Baba Colony
Sai Baba Colony as the name suggests is famous for its Sai Baba Temple. It's one of the most posh localities of Coimbatore. There is also a famous church in this locality named Zion church.

4. Avinashi Road
Another famous locality in Coimbatore especially for NRIs usually for investments is the Avinash Road. It is home to various institutions, research institutes & museums. Apart from which shopping malls & luxurious hotels.

5. Trichy Road
Trichy road is located in the heart of Coimbatore, close to the Coimbatore airport. One of its advantages is it proximity to institutions, schools, hospitals, shopping complex etc making this area a perfect residential location.

Disclaimer : The views expressed above are for informational purposes only. We do not guarantee the accuracy and completeness of the information and shall not be held responsible for any action taken based on the published information.

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