Coimbatore is the Textile and Engineering city of India. The industries based infrastructural development of the city is evident in Coimbatore Property. Lately the burgeoning IT Sector in India has targeted the city as its upcoming hub thereby pushing the Coimbatore real estate prices to new heights. The infrastructure facilities in Coimbatore like airport, broad gauze railway network, arterial roads and highways make it accessible from anywhere. One the the proposals slated to finalize for an even better connectivity is of direct flights to Singapore and Colombo that are major World trade centers in south-east Asia.
Coimbatore is also known as the 'Manchester of South India' because of the manufacturing outputs of the textile industry. Along with this, Coimbatore engineering companies are accredited to over two-thirds electric motors and pumps manufacturing in India. With TCS (Tata Consultancy Services) and Cognizant establishing their respective Campuses in Coimbatore, the city will soon become a major IT destination thereby escalating the property prices further. A Software Technology Park is lated to come up on Avinashi Road in Coimbatore over an area of 14 acres and budget of Rs. 140 crores.
Real Estate in Coimbatore
Real estate in Coimbatore is going to grow at a surprising pace once the proposed SEZ at Keeranatham Village is ready for grabs. The property in Coimbatore registered an upswing of 40-100% in prices in mere one year. The Residential Coimbatore properties alone have seen a 30% hike in the respective property rates. The prime areas in Coimbatore property market include Race Course, R S Puram, Saibaba Colony, Peelamedu and other developing colonies near the major IT Parks coming up in Coimbatore.
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