The real estate market in Coimbatore has experienced a great boom in the past years. Located in TamilNadu, the city enjoys many geographical benefits. It boasts superb connectivity by way of a well-developed network of arterial roads, a broad gauge railway, major highways, and a modern airport. Known as a major player in India’s engineering and textile industries, the city has also emerged as one of the most preferred destinations for developing offshore IT and software development centers in recent times. The proposed technology park development has also paved way for even more real estate developments in the area, particularly in prime residential communities like Kovaipudur.
Prices in Coimbatore’s prime residential real estate market have shot up by at least 40 to 100 percent in the past years, which shows just how sustainable the market is in the area. Kovaipudur, for one is home to a wide range of developments, giving investors a great array of investment opportunities, ranging from plot lands to rental properties, houses, brand new developments, and even commercial and industrial spaces, thus ushering in a new age for serious real estate investors who want to maximize the area’s real estate potential. Nothing but steady growth can be expected in Kovaipudur and Coimbatore’s real estate market, as projected by experts.
With the number of still available properties and many other future developments in store for Coimbatore, today is the best time to invest in real estate within its many prime neighborhoods. The market may have slowed down a couple of years back, but demand is starting to rise once more, especially with all the opportunities that different sectors and industries are creating for the city. As development projects are starting to pickup, it is high time to consider an investment in Kovaipudur, Coimbatore.