Infrastructural Growth in Coimbatore

Q: Hey I heard that Coimbatore real estate is really doing well. Is it because of any new infrastructural developments around here? Is it a good time to invest in property now?

Sandhya Prasad, Coimbatore

5th June 2014

Investment Advice in Coimbatore

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Yeah the Coimbatore Tirupur Erode corridor is already affecting the real estate market quite a bit. I think by the time its completed we’ll get to see a further rise in property prices around these areas, especially Coimbatore, which is already the number one real estate market in south India. The development of this corridor will help in creating more jobs and there will be an influx of people from different parts of the country flocking towards Coimbatore. Developers have already started acquiring land around this corridor.

Revathy N., Coimbatore

8th June 2014

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Hey, I agree, it is indeed the best time to invest in Coimbatore right now. Other than the fast developing IT sector, there are a lot of upcoming infrastructural projects that are pushing the market in favour of Coimbatore. The most major of these projects is the Coimbatore-Tirupur-Erode Industrial Corridor. Usually textile used to be coimbatore’s biggest industrial market. Once this corridor is operational, other industries in Coimbatore are going to get a huge boost, thus affecting the land prices around here.

Manikandan Swami, Coimbatore

6th June 2014

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Hey, you’ve heard correctly. Coimbatore real estate has not faced the lag that had gripped the rest of the country, mainly because the real estate market here is an end-user driven one. IT sector is also developing, there is a lot of scope in the market for further growth of this sector in Coimbatore, so that is another booster for the real estate in this city. I think its a good time to invest here.

Sandeep Krishna, Coimbatore

6th June 2014

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