Latest Answer: But still Coimbatore faces very long power cuts and lots of traffic congestion especially in areas like Mettupalayam road, Trichy road and around Ukkadam. There is still so much of work to be done but still IT professionals like to invest here as rates are 40% lower than Chennai. In June during grahaprevesham, Coimbatore has about 3000 registrations. Senior citizens demand for senior housing has also gone up. Property prices have remained more or less the same and there's been no price fall so there haven't been any incentive schemes to attract buyers. Yet cost of labour and input prices are increasing so there will definitely be no fall in prices any time soon.