Is Coimbatore the hottest tier II destination for real estate destination?
Q: Hi, I m from Chennai and wondering if I should invest in a plot in Coimbatore.Kindly help me understand the future aspects of investing in Coimbatore?
I am from Chennai as well and even though I like the city, the growing population density was something that made me invest in Coimbatore. If you seeking to buy the plot as a futuristic investment, you can also consider buying a built up house with not so new construction. That way you end up paying only for the cost of the land and you can later demolish the construction and build according to your needs as desired. Meanwhile if you want to settle in Coimbatore, you can still live in the old house or rent it out till you migrate.
Coimbatore is definitely one of the rising stars in the Indian realty market. Because of its close proximity of Chennai and Kochi, the city is slowly turning into an important IT hub in South India. Add to it the city’s high literacy rate more and more multi-nationals are migrating to Coimbatore. Since you are living in Chennai, your plan of buying a plot in Coimbatore can offer you not only great monetary benefits but can also act as a good retirement cushion in your old age. Plot availability in Coimbatore is easier compared to Chennai and other cities and since big builders are slowly setting up their hold in Coimbatore, so you should try and get your plot sooner rather than later.
Greetings from Rakindo Orchids...! Phase 1 completed with over 400 houses sold. Now bookings opened for Phase 2. We like to introduce our self as "Orchids", a project of RakIndo at Kovaipudur, Coimbatore. Orchids is a gated community comprising of Apartments & Row Houses with modern Amenities & much more... • 12000 sq.ft Clubhouse with Gymnasium, Indoor & Outdoor Games and other modern facilities. manimaran.r@rakindo.com