Coimbatore has become the destination of choice for anyone looking for a smart real estate investment in South India. Nestled right next to the Western Ghats, the city is known for its peaceful ambiance and rich cultural lifestyle. The city and its neighboring regions have seen rapid growth over the last few years and Coimbatore is now the second largest city in the state of Tamil Nadu after Chennai.
Though famous for its textiles and pumps, industries such as software, automotive components, engineering, jewelry, etc, have also emerged as key employers in the area. Some of the biggest corporate names such as Bosch, Cognizant, Dell, Ford, Maruti, Tata Motors, TCS and Wipro, among others have set up operations in the city or source their equipment from here. The city has also built up an enviable infrastructure over the years. The state and national governments have both announced investments in the area to take the city to the next level of making it one of India’s leading smart cities.
In addition to the investments and industries, Coimbatore is also known for the quality of life it offers its residents. The calm and serene environment of the city and its suburbs has always made it an attractive destination for people. The presence of a strong educational environment and healthcare facilities have also been responsible for people flocking to the city for higher studies and better healthcare and treatment.
The area has also seen rapid development in the real estate sector. Some of the best names in the industry have built exclusive luxurious real estate projects for people to invest in or make it their home. Areas such as the township of Kovaidpur have been witness to exceptional projects that serve as a hallmark for quality luxurious and yet affordable housing in the country. Experts predict a significant growth in the area and other suburbs around Coimbatore over the next few years. It is expected that the price of these affordable housing is likely to take a significant upswing in the near future. As industry and commerce grow and governments focus on making the city one of the model cities in India, the growth potential seems limitless and anyone investing right now in real estate is expected to profit considerably.