The residential property market of Coimbatore is continuing to grow as interest to buy luxury villas is shown to increase in buyers from other countries and regions, like the Middle East. The emergence of gated communities and the prominence of higher standards of living in Coimbatore has made luxury villas more attractive to foreign investors, too. The city may be a great destination if you are looking to move to India or invest in property there. However, there are certain things you must consider before buying in any luxury villa in Coimbatore. Here are some of them:
- The builder and developer – Make sure that the real estate company responsible for developing, building, and promoting the luxury villas are licensed and recognized in Coimbatore. Remember that it is your responsibility to verify the reputation of the builder and developer, so do your homework and look up for its background and its projects in the city. Make sure that the company is authorized by the local government to build and develop luxury properties in Coimbatore.
- The location – Luxury villas in Coimbatore are not exactly within the city. In fact, many of them are in gated communities in Kovaipudur. Also known as ‘Little Ooty’ due to its noise-free environment and chilly climate, Kovaipudur is located at the mouth of Palghat Pass, adjacent to the Western Ghats, and is within a few minutes’ drive from Coimbatore’s city center. Make sure that the developments are linked by paved roads and public transport to and from the city, so it is easier for you to get around either by bus or by car.
- The procedure that comes with buying the home – It is advisable to buy a luxury villa from a reputable and experienced real estate promoter, builder, and developer that is based in Coimbatore. That way, they can easily guide you through the process of buying a home or customizing the luxury villa that you want.