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