Is the Coimbatore industrial corridor planning a boost in the realty sector?

Q: Hi folks. I am planning to invest into a small scale industry with my partner in Coimbatore. I was looking at the prospects, and my friends tell me recently some updates are there about the industrial corridor. Can anyone give me some details?

Chetan Reddy, Coimbatore

21st November 2014

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Replies (6)

Realtors have been funding some private market researchers to see the projected impact of this corridor. A study is said to show that the bigger hub of Kochi-Coimbatore-Trivandrum is also feeling the impact of Coimbatore-Tiruppur-Erode industrial links. Land costs have been on the rise based on third party annual preperty reviews.

Sandhya Prasad, Coimbatore

25th November 2014

Comment

Now will be the right time to start a small scale industry in this area. You can expect steady growth, and further investements from social infrastructure companies. The education sector never goes down. So for example, every major industry will help small scale industries in the vicinity, and in turn engineering colleges and polytechnics will enrich the locality.

Sandhya Prasad, Coimbatore

25th November 2014

Comment

Yes. The industrial corridor's progress will bring about an increase in the property value in some of the key areas in Coimbatore such as Ganapathi, Saravanampatti, Peelamedu, and Saibaba Colony. Construction costs will shoot up by 10 to 15 percent in the next couple of months once the industrial corridor gets operational.

Revathy N., Coimbatore

23rd November 2014

Comment

Oh ok. This is what I heard being discussed elsewhere with respect to employment opportunities. This commercial real estate movement will bring about 18 lakh blue and white collar jobs. The economy will definitely get a boost in Coimbatore. The property prises are bound to rise with these benefits. Some 43000 crores worth of investments are expected.

N Jeeva kumar, Coimbatore

22nd November 2014

Comment

If you are talking about the latest news, then I think I saw some 14000 crores investment expected in industry sector. There is the Confederation of Indian Industries right. Their southern chapter has been reporting these plans. It is a trrusted source. There is a lot of talk about Coimbatore's expansive development options in real estate

Mohana Vijay, Coimbatore

21st November 2014

Comment

Hello. There is rapid boost expected from the industry zones in Coimbatore. It is like a cycle I think. A few years (or maybe a decade you can say) back, the educational institutions and Information technology was ruling and feeding the real estate sector. Now it is not the same. The new government is changing the game.

Abhishek Iyer, Coimbatore

21st November 2014

Comment

Yes yes! I read it in the papers too. The newly planned Coimbatore-Tiruppur-Erode industrial corridor is making progress. And the local bodies and state government is pushing out some very lucrative industrial tie ups. the entire economic scenario will change soon. It used to be IT and Healthcare in old days. Now these sister cities will drive a strong industrial sector.

Harini Valli, Coimbatore

21st November 2014