Apartments for sale in Coimbatore

Insights About Coimbatore 

Coimbatore is one of the liveliest and most dynamic cities in South India, famous for its cultural diversity. Coimbatore is an example of a city that combines tradition and modernity well. It is popularly known for its rich cultural heritage, which features ancient temples and monuments as well as traditional arts, giving it an added touch of elegance. Apart from its culture, Coimbatore has emerged as an important player in India’s economy with the presence of several industries and businesses. 

The attractions of Coimbatore extend beyond its cultural and economic significance, with a variety of interesting attractions. Coimbatore growing job market and thriving educational institutions offer promising opportunities for career advancement and academic excellence. The city’s real estate sector has witnessed phenomenal growth in recent years due to rapid urbanization, infrastructure development, and ambitious smart city initiatives. 

Top Localities to Buy Flats in Coimbatore 

When considering the purchase of an apartment in Coimbatore, careful planning and thorough consideration are essential. Several key factors come into play in this decision-making process. Firstly, individuals must assess their budgetary constraints, the available amenities, and the locations suitability. Some other significant factors include connectivity, potential for future growth, water supply, builder reputation, parking availability, and safety measures. By taking all these factors into account, home buyers can make well-informed decisions. In Coimbatore, the top localities for apartment purchases include Singanallur, Avinashi Road, Vadavalli, RS Puram, and Race Course. 

1. Singanallur 

Singanallur is one of the most active residential localities situated on the eastern outskirts of Coimbatore. This place is named after Karikala Chola’s mother, Singarammal. It is popularly known for the Singanallur Lake, which is home to birds. It has better connectivity to other areas of the city via the road and rail network. Some of the top schools and colleges in Singanallur are SSVM World School (3.2 km), Sri Jayendra Saraswathy Vidyalaya Senior Secondary School (2 km), K.S.G. College of Arts and Science (2.5 km), and Government Medical College (2 km). 

2. Avinashi Road 

Avinashi Road is one of the major localities in Coimbatore and connects the eastern and western zones of Coimbatore. This road starts at the Uppilipalayam flyover and ends at the Neelambur by-pass intersection. This enhances its connectivity to other parts of the city. Avinashi Road is lined by a plethora of exclusive schools, medical facilities, hotels, parks, temples, and shopping areas. It also offers various employment opportunities due to the presence of various IT hubs and commercial businesses in closer proximity. Some of the popular commercial hubs in this area are Bosch, HCL, Aricent, Wipro, and more. 

3. Vadavalli 

Vadavalli is one of the booming residential localities in Coimbatore. It has better access to other popular residential localities like Gopalapuram, Kovaipudur, Ganapathy, Koilmedu, New Siddhapudur, Madampatti, Saibaba Colony, and Puliakulam. This locality offers a wide range of ready-to-move-in flats, from affordable to premium pricing. It is well-connected to other parts of the city and has excellent infrastructure due to the presence of various educational institutes and healthcare. The top schools and healthcare centers in Vadavalli are PUMS Vadavalli South Primary School. Chinmaya Vidyalaya Matriculation Higher Secondary School, Mowthi Nursing Home Pvt. Ltd., and Akshaya Maternity Center. 

4. RS Puram 

RS Puram is a well-known residential and retail area in the Coimbatore district. Multinational corporations, significant government buildings, educational institutions, athletic facilities, tourism attractions, dining places, and cultural centers are all abundant in the area. Situated between Thadagam Road and Mettupalayam Road, RS Puram shares its boundaries with Sukrawarpettai, Tamil Nadu Agiru University Campus, Saibaba Colony, and Gandhi Park. Some of the must-visit places in RS Puram are Varasiddhi Vinayakar Temple and Gass Forest Museum. This is one of the ideal localities in Coimbatore to invest in flats, as it has excellent social infrastructure. 

5. Race Course 

Race Course, situated in Coimbatore, emerges as a flourishing residential locality within the city. Enjoying seamless connectivity to other popular residential areas like Saravanampatti, Sidapudur, Gopalapuram, Ram Nagar, and Puliakulam, Race Course offers a diverse range of ready-to-move-in flats catering to various budget segments, from affordable to premium pricing. The locality boasts excellent infrastructure and accessibility to key parts of the city, further enhanced by the presence of esteemed educational institutions and healthcare facilities. With all these factors, it would be an ideal destination to invest in flats. 

Key Highlights and Advantages of Buying Flats in Coimbatore 

• Coimbatore has excellent infrastructure, encompassing well-connected roads, a wide range of amenities, and well-efficient public transportation. 
• Coimbatore has a diverse array of facilities, as it encompasses places of worship, entertainment zones, shopping centers, educational institutes, healthcare facilities, supermarkets, and more. 
• There is an increased demand for residential housing in Coimbatore due to the wide range of amenities it offers. 
• The property value of the apartments in Coimbatore is appreciating due to the increased demand, which makes them a good investment choice. 
• Investing in an apartment in Coimbatore will also offer higher returns in the future. 
• It has a flourishing textile industry with a wide range of job opportunities for residents of Coimbatore. 
• It has excellent connectivity as a result of the well-planned road and rail network. This makes commuting easy for its residents. 
• The stamp duty and registration charges in Coimbatore are 7% and 4% of the total market value of the property, respectively. 
• Some of the most popular localities in Coimbatore offering the best residential housing options are Singanallur, Avinashi Road, Vadavalli, RS Puram, and Race Course. 
• Some of the top builders in Coimbatore are Casagrand Builders, G Square Housing, Puravankara Limited, Marutham Groups, and Appaswamy Real Estates Limited.  

Current Market and Price Trends in Coimbatore 

Coimbatore is home to more than 25,000 small, medium, and large companies, ranging from software and poultry to textile and jewelry factories. Coimbatores growing commercial activity, the Smart City initiative, and the citys industrial needs are all contributing to its development as a significant hub, which has increased the residential demand in this area. The top 10 localities in Coimbatore to buy flats, with the approximate cost and property value appreciation in the last decade, are listed. 

• Singanallur- 6,000 INR per sq ft, with a 16.6% increase 
• Avinashi Road-  6,500 INR per sq ft, with a 78.5% increase 
• Vadavalli-  5,500 INR per sq ft, with a 33.3% increase 
• RS Puram-  5,000 INR per sq ft, with a 11.1% increase 
• Race Course-  10,500 INR per sq ft, with a 708% increase 
• Gandhipuram-  4,500 INR per sq ft, with a 64.1% increase 
• Vilankurichi-  9,500 INR per sq ft, with a 35.6% increase 
• Saravanampatti- 5,500 INR per sq ft, with a 34.3% increase 
• Saibaba Colony-  8,500 INR per sq ft, with a 8.3% increase 
• Thudiyalur-  5,000 INR per sq ft, with a 39.2% increase 

Disclaimer: This data is purely based on the Market research