When the Indian National Congress government introduced the Real Estate Regulatory Authority (RERA) in 2013, it started a change in the way home buyers and developers do business. Under RERA, it is now acceptable for home buyers and the real estate developer to cancel the sale agreement in case of a default by any of them. However, the RERA act also enables both parties to change the sales agreement, as long as both parties agree to the action. New home buyers and those who are continuously investing in villas in Coimbatore should be aware of the recent RERA. Agreement for the sale aims to prevent bias for either the buyer or the developer.
A serene and calm home, secluded from the noise and pollution of the city, where you can live life the way you have always imagined sounds amazing. Now, you can fulfill your dream of living life your way by purchasing fine villas in Coimbatore. Villas are becoming quite popular because it allows you to live comfortably, away from the mundane life as most people expect to live.
Since its origin as Roman villas, the concept and function of a villa have evolved considerably and have gained immense popularity. Indian villas have had their own unique style influenced by the various cultures over the centuries. Yet some of the elements, like a courtyard enclosed by walls, have survived into modern day. Modern villas incorporate several contemporary design elements, and smart homes are getting increasingly common. Individual villas are quite in demand in Coimbatore, largely driven by the rising standards of living and disposable income among entrepreneurs and corporate executives in the country.
The Smart city initiative of the Government of India has had a significant impact on the Indian real estate market, especially in the first 20 cities that are going to be developed initially. This list includes Coimbatore. There are several factors that make a city ‘smart,’ such as adequate water supply, housing for every economic category of the society, uninterrupted electricity supply, IT connectivity, digitization, health and education, sustainable environment, sanitation, waste management, efficient urban mobility, availability of public transport, safety and security of women, children and elderly, and particularly good governance.
It is not easy to buy an apartment in a country like India where finding a good property feels like a race against time. In the southern part of the country, the development of the real estate sector is on the rise and Kovaipudur, a region in Coimbatore, is developing rapidly. This is because the real estate sector in Coimbatore and surrounding region has extended its reach making the area viable for people looking to invest or buy a home.
An investment into Coimbatore’s real estate market especially the villas has become more attractive these days since you have a wide array of options in terms of reputed developers to choose from. The city of Coimbatore is known for its age-old textile industry which traces back its growth and development in late 19th century.
The demand in the residential sectors has been predominant in apartments, however, in major cities like Coimbatore the villas are still much sought after by many. There is a market for such independent villas in Coimbatore which includes the NRIs as well.
Buying a property, residential or commercial, anywhere in India is often challenging. However, it can be easier if you pick the right location. Coimbatore is one of best places to live in. The city has the perfect climate that makes living there a blissful experience.
Kovaipudur is a small town located next to the city of Coimbatore and is now celebrating more than 50 years of its existence. It has grown from a sleepy locality to one bustling with people and activity.
Kovaipudur is a township at the foothills of the Western Ghats and located in Coimbatore city in the state of Tamil Nadu. Set up in the late seventies, it has gained popularity as a promising destination for buying property in the recent times.