It’s easy to see why home builders are developing more communities and continuously rolling out upcoming villa projects in Coimbatore. The city is no longer the same Coimbatore that you probably heard about many decades ago. It has undergone a significant transformation that is making its real estate market boom. You may be asking: What specific changes have driven the growth of Coimbatore’s residential real estate?
More job opportunities
From being the Manchester of South India, Coimbatore is now one of the country’s smart cities. Property experts consider it as one of the best locations to invest in. Its textile industry is still extensive and remains a huge contributor to the city’s economic growth, but there are many other job opportunities in various sectors these days. The growing presence of different companies belonging in the engineering, manufacturing, automobile parts, and IT sectors has made the city an economic powerhouse. In fact, so many IT companies have been flocking to the city that Coimbatore has been tagged as the IT hub. It is the second-largest producer of software in the state next to Chennai!
Better road network and transportation system
It is normal for any city to experience real estate market growth when new developments are introduced. This is what exactly happened to Coimbatore. Many people have relocated here because of its new and better road networks and transportation systems. The bus transport system, rail routes, and airport have all expanded in recent years. The upcoming villa projects in Coimbatore are continuously attracting families and professionals because they offer easy accessibility to different parts of the country.
An up and coming city
It is evident that the city is the next trendy neighbourhood. No wonder, many people are starting to invest in the upcoming villa projects in Coimbatore. Wise real estate investors often look for new properties in up-and-coming neighbourhoods because they are cheaper and tend to have bigger square footage as compared to the homes in hot and popular areas.