The Growth-Promoting Institutional Structures That Involve Banks And The Stock Investing in Coimbatore Real Estate, a Safe Bet!

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Investing in Coimbatore Real Estate, a Safe Bet!

Coimbatore, India’s textile and engineering city, is the second largest city in Tamil Nadu after Chennai. It is one of the main cities of the state and is very popular for both its historical and industrial heritage. Over the past few years, Coimbatore has seen tremendous economic growth, which has also skyrocketed its real estate sector.

The ‘Manchester of South India’, Coimbatore is known for its extensive textile industry, factories and mills, auto parts manufacturing and engineering firms. These industries supply a whopping two-thirds of India’s electric motors and pumps needs. Education and manufacturing were vital elements in the growth of this city, which will continue even in the years to come. As there are a large number of reputed colleges and educational institutions, the demand for real estate in Coimbatore is always higher. The demand for accommodation such as apartments, condos or even dormitories is on the rise, creating opportunities for developers and investors. Among the trends followed by investors, it has been seen that they buy big buildings and convert them into hostels which easily fetch them high profits.

Coimbatore, being a textile and industrial hub, has already started attracting the attention of various global companies and MNCs. Gandhipuram, Town Hall and Avinashi Road are some of the preferred commercial real estate options for these companies. It has some of the best properties available at economical prices as the government is now taking responsibility to promote this city as an upcoming real estate destination in Coimbatore. The Tamil Nadu government has reduced property rates to encourage investors from other cities like Bangalore, Chennai, Hyderabad etc. to consider putting money into Coimbatore.

In addition, it has excellent connectivity in the form of a modern airport, a well-developed network of broad gauge railways, six highways and three highways. The services industry such as IT and IT is growing at a staggering pace with the entry of corporate giants such as Tata Consultancy Services (TCS), Cognizant, BT Infoserve, Ephronsys, Robert Bosch, Nous Infosystems, CG-Vak Software, Quattro, Pricol, Spheris and Sharp etc. Software Technology Parks, IT Special Economic Zones (SEZs) and IT Parks by Presidium Constructions, Bannari Amman Group, Salzer Group, Span Ventures and KG Group are also set to be developed in the city soon.

Coimbatore is also called ‘Poor man’s Ooty’ because of its pleasant and salubrious climate throughout the year. The excellent climatic conditions of the city have also become a source of attraction for many. Another name associated with Coimbatore is the ‘Motor Sports Capital of India’ as motor sports play a very important role in the city’s identity. It is considered the “backyard of Indian sports”, being the center of motor racing in the country.

Coimbatore’s real estate boom has made it a city with a high standard of living.

Demand for real estate in Coimbatore has skyrocketed, leading to an escalation in real estate investment. Both residential and commercial properties in the city are selling like hotcakes, which means increased sales and income, as well as employment opportunities. This ‘city of entrepreneurs’ is actually the most profitable district in the state of Tamil Nadu.

Real estate prices are sure to rise much further and reap positive benefits in the future. Coimbatore is definitely a safe bet for real estate investment with bright prospects and high potential. He has become the new movie star who creates endless opportunities, opening ways to generate high profits in the form of real estate.

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