Coimbatore, textile & engineering city of India is the 2nd city of Tamil Nadu next to Chennai. It is one of the major cities of state that is hugely popular for both the historical legacy & industrial heritage. Coimbatore city has seen big economic growth in the past few years that has sky-rocketed the real estate sector as well.
'Manchester of South India', Coimbatore city is known for the extensive textile industry, mills & factories, automobile parts manufacturing & engineering firms. The industries supply a voluminous two-third of India's requirement of electric motors & pumps. Education & manufacturing industry have been vital elements for the growth of the city which is to continue in the coming years. As, there are a large number of reputed colleges & educational institutions, demand for real estate in Coimbatore city is always on higher side. Need for residential spaces such as apartments, flats or hostels has been growing, weaving opportunities for real estate developers & investors. It has been seen among trends followed by investors that they purchase big buildings & convert them into a hostel that fetches them big returns readily.
Coimbatore city, being textile & industrial hub has started attracting attention from distinct global companies & MNCs. Gandhipuram, Town Hall & Avinashi Road are some of favourite commercial property preference for the companies. It has some of the best properties available in the economical rates as government is now shouldering responsibility of promoting it as an upcoming Coimbatore property destination. Government of Tamil Nadu has slashed down property rates to encourage tye investors from other big cities like Bangalore, Hyderabad, Chennai, etc. to think about pumping in money in Coimbatore city also.
Also, it has good connectivity in the form of a modern airport, well-developed network of broad gauge railway, 06 arterial roads, & 03 highways. Service industry i.e. IT & ITes is developing at a staggering pace with the coming in of corporate giants such as Cognizant, Tata Consultancy Services (TCS), Ephronsys, BT Infoserve, Nous Infosystems, Robert Bosch, Quattro, CG-Vak Software, Pricol, Spheris & Sharp and many more. IT Special Economic Zones (SEZ), Software Technology Parks, & IT parks by Presidium Constructions, Salzer Group, Bannari Amman Group, Span Ventures & KG Group are to be developed in the city quite soon.
Coimbatore city is also called 'Poor Man's Ooty' in regard to pleasant & salubrious climate throughout the year. Great climatic conditions of the city have become a source of attraction for several people. Another sobriquet associated with the Coimbatore city is of 'Motor Sports Capital of India' as motor sports play an important role in the identity of the city. It is regarded as 'Backyard of Indian Sports' being motor racing hub of country.
Boom in Coimbatore real estate has taken to emergence as city providing high-standard lifestyle.
Demand for property in Coimbatore city has been witnessing big rise leading to escalation in property investments. Both residential & commercial properties of city are selling like hotcakes that imply increase in sales & revenue and in employment opportunities. The 'city of entrepreneurs' is the highest revenue-earning district of state of Tamil Nadu.
Property prices are going to shoot up further & reap positive benefits in the future. Coimbatore city is a safe bet as real estate investment destination with good prospects & high potential shown. It has become new cynosure which is set to make limitless opportunities by opening high-profit generating places in form of real estate.
RERA act & amended real estate bill have given home purchasers more confidence to purchase their homes. Many of them are considering new villa projects in Coimbatore city that are very famous with property investors these days. With current economic boom & relative affordability of residential properties in the city, there’s no question why the Coimbatore city has become one of the ideal places to purchase your home.
While several villa projects in Coimbatore city sounds promising when you look at the brochures & their marketing materials, they may disappoint you as an individual. Thus, before selecting villa project, you should check a few things first like:
Most builders let you customize existing floor plans. However, the extent of customization that is allowed to do varies from the builder to builder. Some will let you modify finishing touches (like paint), while others will give you freedom to handpick amenities & features you want to add in plan. Both setups have pros & cons. Thus, you need to decide based on personal preference and your budget.
When looking at the villa projects in Coimbatore city, it is important to consider remaining residential plots. You’re lucky in case you buy early while there are many plots to select from. But if you come late, options may be limited. Ensure to consider the size, shape & direction of plot where your future home will be constructed.
You cannot judge a villa project based on price, floor plan, or features that come with the project. You should take into account builder’s credibility. In fact, it may be one of the top things in mind when buying a home. Do thorough background check on developer to see more about reputation & experience. You should make time to visit past villa projects, look at the track record, & interview their references.
If you wish to buy brand-new home for your family, search individual villas in Coimbatore city. Why? Because Coimbatore offers beautiful & peaceful location that is perfect for the vacations & relaxation. Here in Tamil Nadu’s 2nd largest city, you can see many local sites & activities that will fill holidays with fun & excitement. You can camp, hike, or admire the beauty of nature.
Affordability of the individual villas in Coimbatore city is good reason for selecting this place as your 2nd hometown. Compared to properties in popular tourist destinations, residential properties are cheaper—but they have high potential to appreciate as the city's economy will boom.
Choosing individual villa in Coimbatore city is not going to be quite simple. For several people, process of choosing destination villa is different from picking a permanent home. Do not know where to start from?
Here are a few tips to guide you on search & selection.
Consider property’s selling points
Pick good location
Customise the villa
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Certain points to rent your house perfectly:-