Coimbatore Real Estate is flourishing in leaps and bounds! located in the southern part of India and the heart of Tamil Nadu, Coimbatore is not only famous for its beautiful scenic surroundings but is also experiencing a constant rise in demand for real estate.
The exotic combination of both the serenity of the city and its growing business in the IT sector and manufacturing industry has made Coimbatore real estate a big attraction for homebuyers across cities.
In Coimbatore real estate, the residential investment is scaling up owing to the ample job opportunities and supporting infrastructure.
The homebuyers are anticipating a range of outcomes with the construction of the ring road and Coimbatore metro, which are seen as advantageous. They have also outlined the intentions of potential buyers, with the flourishing IT sectors and established manufacturing industries giving more and more scope towards the overall development of the city.
However, which parts of Coimbatore are attractive? Let’s explore!
Avinashi Road: Coimbatore Real Estate Potential Area #1
Avinashi Road is a hotspot for luxury markets, and arterial roads stretching from east to west in Coimbatore. The road starts at Uppilipalayam flyover and ends at Neelambur by-pass. The road is well-connected to NH47.
It goes through well-known areas like Neelambur, Peelamedu, and Chinniampalayam. The main factors influencing real estate expansion are proximity to the airport, employment centers, and quality public amenities.
The airport is at a 2km distance and the railway station is at a nearby distance of 4 km. Avinashi Road’s appeal is indeed elevated by the presence of luxury hotels like Fairfield by Marriott, Le Méridien, and Radisson Blu Park Plaza.
The upcoming Red Line Metro (Ukkadam-Kaniyur) along Avinashi Road will further boost its convenience and attractiveness for both residents and visitors. The metro project’s improved ease of living and connectivity will probably support the expansion and development of the region, increasing Coimbatore real estate potential.
It’s all about apartments and villas in this area, where the price can start from a cool one crore to six crores, suiting the homebuyer’s choice and investment.
Apartments start at 1 crore and go up to 3 crores, while villas are in the 3 to 6 crore range.
Check these projects listed in Roofandfloor or Avinashi Road-Globus Arima, Vakaman developers, RMC Gardenia, and Nivasan Homes.
Sathy Road Saravanmpatty: Coimbatore Real Estate Potential Area
For Coimbatore real estate, Sathy Road Saravanampatty is a full-fledged IT corridor, running from Ganapathi to Annur, spanning about 30 kilometers from Coimbatore. Projects are popping up to the end.
Annur is a crucial junction connecting Tiruppur, Mettupalayam, and Coimbatore. This area is buoyant with plotted developments from smaller promoters, usually under 3 crores.
Sathy Road can be split into two distinct zones: from Ganapati to Saravanampatti, with the IT corridor, is all about luxury high-end projects.
Beyond Saravanampatti to Annur, you’ll find numerous affordable plots by smaller developers.
Prices vary significantly – plots, villas, and apartments from 50 lakhs to 2 to 3 crores till Saravanampatti, and beyond that, new developments range from 20 lakhs to 80 lakhs.
Names to note here are Prozone Properties, Greenfield Housing with its 10 projects, Town and City Developers, and Skyrand Properties.
Moving on to the Next Preferred Area in Coimbatore: Mettupalayam Road
Mettupalayam Road is a major arterial road that runs about 10.78 km starting from Rangai Gownder Street up to northern Thudiyalur.
It links the communities of Koundampalayam, GN Mills, Thudiyalur, Vadamadurai, Narasimhanaickenpalayam, Therkkuppalayam, and Kuppakonam Pudur.
Mettupalayam is situated at the base of the southern part of the Nilgiri hills, over the Bhavani river valley. It is the third largest town in the Coimbatore district. It is located in the foothills of the Nilgiri hills above Coimbatore city on the way to Ooty.
The Nilgiri Mountain Railway starts at the Mettupalayam railway station which owns and operates the first rack railway in India connecting Ooty and Mettupalayam.
The two new flyovers, Kavundampalayam flyover and GN Mills flyover have eased up traffic congestion to a smooth commute experience.
Projects are in the price range starting from 60 lakhs to 3 crores.
One can choose premium projects offered by Cotton City, Marutham Group, and Sanbrix properties are some of the renowned names showcasing their projects in this stretch.
When this insight into Coimbatore’s best areas for high returns is analyzed, it becomes clear that the city’s real estate market is experiencing strong growth because of several factors, including ongoing infrastructure development, expanding employment opportunities, the IT industry’s decision to establish offices here, and the city’s thriving manufacturing sector. The top areas in Coimbatore mentioned in the blog are driving Coimbatore as a great place for homebuyers to settle down.
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