Property prices in Coimbatore have been steady and stable for the past couple of years and developers are seeing great growth in buyer interest, making the city a clear-cut up-and-comer in the real estate market. Despite having cooled down from 2009 to 2011, Coimbatore real estate did not lose steam, coming back even stronger with more stable prices, and a steady rise not only in interest but in actual investments.
In the span of only a few years, the city has seen stable growth in its real investments, thanks to the expanding number of market participants. Coimbatore is one of the most attractive locations for different types of property investments. Its weather has always been a main attraction for different categories of investors and buyers, ranging from IT companies to retirees, and even foreign firms and non-residential investors. Being the second largest industrial hub in Tamil Nadu, the city offers adequate infrastructure, roads, and hospitals, and is home to good educational institutions and even an international airport. The city also has abundant nature, especially in areas like Kovaipudur, at the south western border, fringing the Western Ghats, which enjoys the beauty of the Madukkarai and Walayar ranges.
Coimbatore has a big market for three distinct property investors, including textile industry and IT industry players, and senior citizens looking for superb housing opportunities close to nature, yet within reach of urban modernities. The city is yet to see a huge demand in luxury property and vacant lands and plots, but the demand and interest in villas and similar types of properties are high with retirees, IT professionals, and NRIs. Younger IT professionals have an eye for smaller apartments. With these emerging trends, there is no better time to consider an investment in Coimbatore and Kovaipudur than now.