Starting January 2019, Real estate developers and builders confirm that registrations has increased across all segments including residential, commercial and even industrial. It is noted that good movements of residential and commercial lands and even a few industrial land plots. People are willing to invest. The growth is estimated at 25% both from outskirts and suburbs faring better. Residential land is moving better than commercial lands on the outskirts.
The main reason being real estate landowners have brought down their land prices in the last one year to remain competitive are the ones who have shown successful sales.
Coimbatore is one of the widely developing cities and has earned the sobriquet of “Manchester of South” because of its vast manufacturing sectors. The city is clamouring with modern growth like cars, material, building and IT sectors.
The implementation of the smart city project and commercial development has led to rapid increase in demand for real estate in Coimbatore. It is the one of the quickest and developing level II urban areas of India and turning into an essential land centre point. The property market of the city is in awesome interest because of the expanding number of organizations and instructive establishments.