Saibaba Colony in Coimbatore sees High residential demand
Saibaba Colony, located on the western part of Coimbatore, is one of the most expensive micro-markets in the city. The area has seen considerable demand for residential property in recent times. Besides being in close proximity to the heart of the city, the area also boasts of excellent connectivity, good infrastructure and considerable numbers of options with regards to quality residential property.
Connectivity
The area offers excellent connectivity due to the presence of major roads in the vicinity. While the NH-67 runs along the eastern fringe of the area, the Thadagam road runs along its western fringe. The 100-feet road connects the area to the Sathyamangalam road (NH-209). The Marudhamalai road (SH-167) which joins the Thadagam road at the south-western fringe of Saibaba Colony, connects the area with the western part of the city. Besides, the NSR road which runs along the northern part of Saibaba Colony connects Thadagam road with NH-67. The Coimbatore International airport is about 12 km east along the Avinashi road while the city railway station is just about 5 km south along the Dr. Krishnasamy Mudaliyar road.
Infrastructure
Saibaba Colony has many important infrastructure facilities. Some of the reputed schools in the area are Bharathi Matriculation Higher Secondary school, Radcliffe school, TA Ramalingam Chettiar Higher Secondary school etc. The Avinashilingam University is located in the area. One of the important colleges in the area is the State Forest Service college. There are also many prominent hospitals, religious institutions, restaurants, shopping centers and parks in the area.
Prices and developers
Most of the residential units in the area are either 2 or 3 BHK apartments or villas. The current average price for residential apartments in the area is about Rs. 5900 per sq. ft. Some of the important completed residential apartment projects in Saibaba Colony are Marutham Jade by Marutham Developers, Sakthi Apoorva by Sakthi Constructions, Sreevatsa Krishna by Sreevatsa Real Estates, Pinnacle Premier by Pinnacle Properties, Gowtham Flora by Gowtham Housing etc.
Future Prospects
Due to its proximity to the heart of the city, the demand for residential property in Saibaba Colony is high, irrespective of the prices being on the higher side. With time, the infrastructure is bound to improve considerably which will further enhance the demand for residential property here. As a result, prices in the area are also likely to appreciate. Hence, it presents a lucrative opportunity for developers to embark on residential projects to cater to rising demand.
