Coimbatore Real Estate Market News

Real estate market news in Coimbatore helps you know the current trend of property development in the city and keeps you abreast of the latest happenings in the realm of realty sector. Whether you are a seeker of residential accommodation in the city or are merely interested in putting your money in the lucrative property market, the real estate news will surely help you a lot in achieving your objectives. You can also get information about the current status of latest housing projects that are being executed under the aegis of various housing authorities in Coimbatore .

Several other real estate issues, such as property registration, availability of affordable flats, annual rate of increment in capital and rental values of local properties and changes in property tax legislation etc. can only be accessed through real estate market news. Hence, it is important for all to subscribe an authentic source of latest property news. In this regard, the advent of Internet is proving a big boon for such purpose because of its universal approach and instant access. Today, there are several real estate websites in Coimbatore that let you access the current property news online. Browse through the pages of indiahousing.com to find latest residential and commercial property news in Coimbatore.

Coimbatore Real Estate Market News
Coimbatore, Bracing Up For Rising Demand

Coimbatore is in the grip of a construction fever. Whether it is plush apartments or medium budget houses or commercial/office complexes, the city has not witnessed such a frenetic construction activity in the past as it is seeing now. According to conservative industry estimates, the number of residential tenements under construction now are around 3,000 involving an investment of around Rs 500 crore. If one takes into consideration the value of homes or apartments being built by small builders and homes by individuals, the value of investment will be double of that figure. Always billed as one of the most liveable cities in the country, Coimbatore is finding that its core strength in the manufacturing sector, particularly in engineering and textiles, has given a new impetus to the real estate industry. But what has made the realty industry really hot is the fact that there is an air of expectancy about the rush of IT majors to Coimbatore.

28/03/2006 The Hindu Business Line New Delhi Edition