| Coimbatore, the textile city of South India, is | | | | in their prices last year. The current rates per sq. |
| making rapid strides and seems to be the busiest | | | | ft. in areas such as Race Course and R.S. Puram |
| city in the state as far as investments in | | | | hover around Rs 2,000-2,200. Close on the heels |
| commercial property is concerned. There has | | | | are other locations like Saibaba Colony where a sq |
| been a sharp appreciation in the prices of land in | | | | ft costs Rs 1,600 ; Rs 1,400-1,500 in Peelamedu |
| the last couple of years. | | | | and Rs 1,200-1,300 in Singanallur. However, the |
| The demand for properties in Coimbatore is | | | | rates may vary according to the location. |
| driven by genuine demand rather than by | | | | Property boom in Coimbatore seems to be |
| speculation. | | | | sustainable for at least another five years since it |
| Property prices in Coimbatore have gone up by | | | | was fuelled by speculative purchases. With a |
| 50-100 per cent in the last one year. The increase | | | | surging economy industry and a high proliferation |
| in some areas is believed to be more than 100 | | | | of IT companies, the Coimbatore real estate is |
| per cent. The locations that fall in close proximity | | | | pretty upbeat. |
| to Tiruchi Road have witnessed a considerable | | | | Coimbatore has a proposal of Rs 140 crore |
| spurt in land price. These are Race Course, R.S. | | | | Software Technology Park which will pave way |
| Puram, Peelamedu, and Vadavalli. | | | | for real estate developers to come up with their |
| Apartment culture in Coimbatore is in its full allure | | | | exclusive real estate projects in consonance. The |
| and attracting large interest of the individuals who | | | | project will come up at Avinashi Road and will |
| are planning to shift here. Apartments in | | | | incorporate world class amenities required by |
| Coimbatore have recorded a 25-30 per cent jump | | | | software companies. |