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