August 26, 2014

Why one should seriously consider investing in Coimbatore

Coimbatore is a tier II city located in the state of Tamil Nadu. It is considered to be the second largest city in the state. In Tamil Nadu there is a growing demand for real estate in tier II cities. Though Chennai is the capital of the city and enjoys the best of infrastructure, tier II cities such as Coimbatore possess a charm of their own. This city is not only doing well in terms of being a good employment generator, it is also considered to be one of the safest cities in the country.

 Investing in Coimbatore

The real estate scene in this city is growing. There are plenty of factors contributing to this growth. The city is already a well-known hub for many industries including textile and manufacturing, so much so that it is called the “Manchester of South India.”  When a city earns a tag of being a good source of employment, the real estate of the city automatically grows.  Coimbatore is also a thriving Information Technology hub. Many of the big names in the IT industry have set up base here. The IT sector here is second only to Chennai in the state of Tamil Nadu.

The real estate market here is mostly end user driven. As far as properties in Coimbatore are concerned the demand is mostly centred around mid-segment homes. The city is blessed with good climate and is considered to be a good bet for those who are looking for a comfortable place to spend their golden years in. This is because of the fact that besides being safe, the city also has good healthcare facilities and is well connected to major metros across the country through rail, road and air. These are some of the top factors in the minds of those who are looking to retire but do not want to do so away for civilization. Besides the above mentioned social infrastructure, Coimbatore is also an educational hub as it possesses some quality educational institutions.

 investing in Coimbatore

The most preferred apartments for sale in Coimbatore are 2 BHKs followed by 3 BHKs. The most preferred budget range for apartments for sale in Coimbatore falls between INR 20 to INR 30 lakhs. This is followed by the INR 10 to INR 20 lakhs range. The most preferred unit size for apartments here is between 751 to 1000 square feet followed by the 1001 to 1250 square feet range.

There are a diverse range of properties in Coimbatore which cater to every budget range. There are housing options for the low income groups, middle income groups as well as individuals who are looking for luxury apartments. There are many areas which are considered to be good bets as far as real estate is concerned. Saravanapatty, Ganapathy, Nehrungar-Peelamedu, Thudiyaloor, NGGO Colony, and Kinathkadavu are some of the areas in this city which can be considered for end use and can fetch good returns as well.

Coimbatore has a lot of factors working in its favour. If you are looking for a peaceful city which is not completely away from civilization, then try making Coimbatore your home.