Details about growth of real estate market in Coimbatore

Q: I have heard some rumblings that the real estate market in Coimbatore has been witnessing some growth. Is it true?

Akshat Rai, Coimbatore

29th January 2015

Real estate News in Coimbatore

coimbatore real estate

coimbatore growth

real estate market in coimbatore

coimbatore news

real estate development in coimbatore

realty market in coimbatore

coimbatore realty market growth

real estate latest news

coimbatore real estae market state

coimbatore realty market trends

Follow Discussion

Also see discussions for

Coimbatore Real estate News Real estate News in Coimbatore

Replies (8)

Good news for our city! The FAIRPRO has attracted participation by 25 member developers of Credai and on show would be about 50+ properties with prices ranging from ₹20 lakh to ₹3 crore. Banks and HFCs also would have stalls offering various finance options.

Nandita Menon, Coimbatore

31st January 2015

Comment

Another reason that last year was not that good was that the developers had to contend with frequent increase in input costs like rise in cement prices which upset their project cost calculations and hike in labour costs, making it difficult for them to cut prices.

Thiru Chandrashekar, Coimbatore

31st January 2015

Comment

Here is some update on the tax part;the issue of service tax levy on new property purchases which pushed up the overall cost of acquisition, and wiith the Government not inclined to relax the levy, the buyers will be left with no choice

Mohana Vijay, Coimbatore

30th January 2015

Comment

Hey, it is estimated that NRI buyers accounted for about 20 per cent of the property purchases in Coimbatore. Apart from the districts in Tamil Nadu bordering Coimbatore, people from Palakkad district in neighbouring Kerala also evinced interest in investing in real estate in the city.

Rajeev Srinivasan, Coimbatore

30th January 2015

Comment

I have a direct quote that might help you understand the growth better. The president of CREDAI said, “Normally, the annual edition of FAIRPRO is organised during August by CREDAI, Coimbatore. But this year, it decided to hold an additional edition of the property fair at the beginning of the year in January with a view to cater to the requirements of the NRIs coming home for vacation.

Revathy N., Coimbatore

30th January 2015

Comment

Did you know that CREDAI, in an effort to woo NRIs, who account for about 20 per cent of investment in real estate in Coimbatore, organised its property show-styled FAIRPRO in the city on January 3 and 4, 2015, making it the first time it has organised two FAIRPROs in a year.

Kishore Kumar, Coimbatore

29th January 2015

Comment

Thanks for taking the time to reply. Can anyone tell me if more new residential projects were launched during 2014 or the previous year?

Manikandan Swami, Coimbatore

29th January 2015

Comment

Hello, as far as i know, the new project launched during 2014 were fewer in Coimbatore compared to the previous year. I think that some of the launches could have been delayed as the promoters would have awaited all statutory approvals before launching them.

sathiya seelan, Coimbatore

29th January 2015

I heard the same things, and also that a positive mood has prevalent among real estate buyers in Coimbatore, particularly after Diwali and the sentiment is better compared to last year, according to Rajesh B Lund, President, Confederation of Real Estate Developers’ Associations of India (Credai), Coimbatore. All is good for our City!

Chandresh Subramanian, Coimbatore

29th January 2015

Comment