Want to Know about Property Prices and Trends in Avinashi Road

Q: Hi People! I’m soon planning to invest my money in real estate. The thing is I’m completely new to the field. I don’t have much idea about the property rates and price trends going on right now. I want to invest somewhere in Avinashi Road as I have read some good reviews about the area. Can someone share information about type of properties in the area, per sq. ft price or normal property prices, so I can set a budget.

Rajeev Srinivasan, Coimbatore

6th August 2014

Locality Review in Avinashi Road, Coimbatore

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One thing I’d suggest you to look at is land and plot investments. The prices have fallen like you wouldn’t believe, almost 40%. It used to be between Rs.700-1400 per sqft sometime in 2012, now you can find one within a range of Rs.350 - 870. However, I’m not sure why it saw such a fall. Properties overall coimbatore are increasing, maybe right market to buy lands since it is so less, as per my view it definitely can't fall much down. Anyways, if you or anyone find any information on why plot prices fell so much, do share here.

Sandeep Krishna, Coimbatore

7th August 2014

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Hey, since I recently invested here, I can break the prices down for you into Apartments and individual houses and plots. The apartments and flats are little on the expensive side given the locality is moving towards being a IT hub. Apartment prices right now vary from Rs. 5000 sqft to Rs.6000 as mentioned above. However, individual houses are comparatively priced cheaper, it starts from Rs.2100 sqft and goes upto Rs.5100.

Kishore Kumar, Coimbatore

7th August 2014

Comment

Well, yea it is a busy area, but its equally calm and peaceful with lot of trees around, this makes it ideal for residential properties. The property prices have increased tremendously in the past few years. If you compare with end of 2012, the prices have gone up almost 19%. Now the Average price per sqft is Rs. 3,840 per sqft. Well, actually it can go way higher than that upto Rs.6000 per sqft also, depends on the property type and colonies and areas within Avinashi road.

Sandhya Prasad, Coimbatore

7th August 2014

Comment

Yea, I agree! But, you know there are many ready to occupy properties also available. Many big residential and commercial projects are completed and are available for sale. It’s easy accessibility is a good advantage for properties here. You will find many 2BHK and 3BHK apartments in good community. It is close to the National Highway, so sometime people think that it is in outskirts and you can find nice farmhouses and all here, but there aren’t any. It’s a busy area.

Naduveetil Rajgopal, Coimbatore

6th August 2014

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Hey congratulations man for thinking of investing in real estate. Best place to safely invest money. In Avinashi Road, you can say that at least 50% of area is still selling dominant lands and plots to industries and individuals If you are planning to invest in flats or apartments, you’ll have good options here. Not too many villas, but few nice ones are being constructed, both gated community villas and individual villas. Avinashi road is also very good for purchasing commercial spaces.

Manikandan Swami, Coimbatore

6th August 2014

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