Property prices in the city vary in the range of Rs 3,400-6,400 depending on the locality. Most important localities have witnessed a good appreciation in property values in the last year, while some localities have also seen a dip. Localities such as Peelamedu and Avinashi Road have witnessed a dip of about 4-8 per cent while localities such as Saravanampatti and Trichy Road have witnessed an appreciation of about 6-28 per cent. Some of the prominent localities in Coimbatore include Avinashi Road, Ganapathi, Peelamedu, RS Puram, Saravanampatti, Trichy Road, Vadavalli and Vilankurichi
Being the second biggest city in Tamil Nadu and a fast growing industrial city, the real estate sector in the city too has witnessed a rapid growth. One may find a number of apartments and independent houses of several configurations in the city.The local development authorities and the state government have taken up several initiatives to develop the city such as Gauge expansion of rail, Monorail, Housing for homeless, Underground drainage, Airport expansion and much more.
They are promising to make cleanliness and eradication of corruption their main priority, in their plan for Coimbatore's Smart City project. If these changes are incorporated, then Coimbatore's real estate market is going to see huge leap in market prices.
Yes definitely. It will be a good thing for Coimbatore. Because being a smart city will mean smart leadership, smart administration, smart governance, transparent decision making process and accountability.
Yes actually, the Central Government is considering Coimbatore in its list of cities to implement the smart city project. The union minsiter himself only announced this at the ‘Meet and Greet’ programme organised at the PSG College of Technology.