Coimbatore is the second largest city of Tamil Nadu and the sixteenth largest city of India. Coimbatore traditionally houses mega companies from industries like textile, Auto components, Poultry, Spinning mills. Elgi, Suguna poultry are the few famous companies from Coimbatore. The city grows purely on entrepreneurial spirit than government support, as there is no government run company and all major companies are home grown. Coimbatore is also catching up with IT / ITES industry by housing MNCs, inaugurating SEZs in the city. In this article let us look at the real estate trends in Coimbatore and esp the emerging locations of the city.
Real estate in Coimbatore is always stable and steady as end consumers buy homes in this city unlike Delhi and Mumbai where a large amount of investors buy homes. However in the last few years investment from NRIs is increasing in this city, as many citizens of Coimbatore who live abroad wants purchase home. However the city is witnessing sluggish growth and virtually no increase in rate / sq ft for the past one year for all the major locations.
Below is the table of Rates for plots / Residential Land Parcels for emerging locations
Saravanampatti - Rs. 1800-2500 per Sq ft Vadavalli - Rs. 1500-1700 per Sq ft Avinashi road - Rs. 4000-5000 per Sq ft Thudiyallur - Rs. 1800-2000 per Sq ft Vilankurichi road - Rs. 1800-2300 per Sq ft
Saravanampatti: Saravanampatti is one of the fast growing neighbourhoods of Coimbatore, because of mushrooming IT companies surrounding the location. CTS, TCS, Bosche are the selected few companies having development centers in this location. IT growth in this area has impacted the near by locations like Peelamedu, Keeranatham, Vilankurichi, Kalapatti.
Vadavalli: Vadavalli is witnessing huge growth not from IT or industrial growth but from domestic demand. Vadavalli is well connected location, which is about 9 km from both the Railway stations and 14 km from Gandhipuram bus stand, and 19 km from Coimbatore International Airport. Due to this Vadavalli is the most sought after location in Coimbatore.
Vilankurichi Road: This road connects cheran maanagar, Periyanayakanpaalayam within Coimbatore. Growth in this location has due to TIDEL park coming in this area which will house 10,000 people once it is fully operational. As of now HCL and Wipro are operating out of TIDEL park which is expecting other MNCs like IBM, HP, Infosys in the near future.
Avinashi road: Avinashi Road, is an arterial road in Coimbatore, running from east to west. The road starts at Uppilipalayam flyover and ends at Nillambur by-pass junction. The 16 km road connects airport and the east and north-east suburbs. Avinashi road, and Trichy road are backbones of Coimbatore and an indicator of development as the city grew up mostly along its eastern and western sides.
Thudiyalur: Thudiyalur located 15 km from Coimbatore city junction, lies on the main road to Mettupalayam. Thudiyalue is witnessing growth as it has many engineering colleges, IT /BPO companies in its vicinity. Though there is no significant price rise in emerging areas, price has appreciated well in the prime locations. Below is the table of Rates for plots / Residential Land Parcels for prime locations
RS Puram - Rs 10000-12000 rate increases 10-12% Race course road - Rs 8500-10000 rate increases 8% Bharati park - 6500-7500 rate increases 8-10%
Sree vari, Sree vasta, Mayflower are the large developers from Coimbatore. Large real estate developers like Puravankara, Sobha, TVH, Casagrande entered in to city few years back, and more large developers will enter in to the city soon. Any home buyer who is interested in buying for own use or for long ฝากขายที่ดิน term investment, Coimbatore is the best option; since it provides growth in investment and also affordable for middle class people comparing to other major cities.
And also Read Tamil Vesrion of Our Article Covered in Nanayam Vikatan Tamil Magazine.
Comparatively Residential Apartments in Coimbatore are affordable than Residential Apartments in Chennai.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น