If you are planning to invest in a property, the first thing you worry about is the fluctuating market values and market sensitivity. The Coimbatore real estate scenario, when compared to the other larger markets, is considerably more stable and worth investing.
One of the reasons behind this assessment is that the city, although big and developing by the minute, is not as big as the metros. There have been tremendous developments in the real estate market in Coimbatore in recent years. From big shot realty developers to local estate agents, many have come in to create new development projects here and have succeeded in creating masterpieces. And, unless these masterpieces are sold, they are not going to gain any profits, and that seems not to be the case.
There are still many projects that are developing and selling in places like Kovaipudur. This is a reminder that unlike big cities, small cities, even one this big and developed as Coimbatore, works differently when it comes to market sensitivity.
Another fact which decides the future of the Coimbatore real estate is the business perspective. Here, the 70-80% population is a business crowd. When the business is good, the real estate escalates to no end. When it is bad, it does not fall or drop-down, but stabilizes, showing that people love to own homes that can be lived in for generations.
The fact of the matter remains that the Coimbatore real estate is always on a rising trend, or it just stagnates for a period when the business is down. Still, even at such trying times, the sale and purchase of a house go on, since people love owning properties here. And again, the impact of economic slowdown first hits the metro cities and then percolates down to this level. When the investors of real estate are mostly those who have done it for investment purpose, the market sensitivity or the slowdown does not hit Coimbatore real estate as bad as the others.
So, if you are wondering whether to invest in Coimbatore, just check in the current trends to understand the impacts of an economic slowdown before hitting the market!