Blog Type- Factual
Read Time- 5 mins
Being amongst the top 3 cities in India with the least real estate stock, Coimbatore is often called the ‘Textile Valley of India’. It boasts of the vast textile industry since long but now has become an electronics manufacturing hub too. A lot of IT companies have branched out to Coimbatore already and the remaining are following suit in the two IT parks planned within this 2nd largest city of TN. Hospitality too, is on a boom here with all major upscale hotels nearing completion. There is a lot of scope of real estate development in the city, which shall definitely be a cheaper deal vis a vis a Tier I city.
Below are 4 reasons for you to
invest in Coimbatore-
Industrial Development- The
city houses the first integrated textile park of India, Palladam Hi-Tech
Weaving Park. It is also big on gold manufacturing and motors/pumps. It has
been chosen as a part of the smart city proposal by the Ministry of Urban
Development. With over 25,000 businesses of all sizes flourishing in the city,
the scope of development is quite evident. Moreover, most of the IT/ITeS
companies are moving towards Coimbatore to set up their bases after Chennai.
Connectivity- As part of
the Government’s initiative and vision, Coimbatore is an important station in
the Coimbatore Salem Industrial Corridor which is expected to attract
investments to the tune of greater than Rs 14,000 Crore and thus creating lakhs
of white- and blue-collar jobs in the process. Being so welcoming to all kinds of businesses implies
that Coimbatore is not economically growing owing to one industry only, rather
it has a home for every kind of business that can benefit its economy.
alone houses 7 universities, 54 Engineering colleges, 2 medical colleges and
many other educational institutions, making sure there is no dearth of talent
in the area. Further, the healthcare and hospitality industries are on a steep
rise in the area because
of the many residents migrating from different arears of the country for either
work of for the purpose of investments.
Growing Real Estate Market- With a booming commercial real estate, Coimbatore has seen a large increase in the demand in residential projects owing to its green pastures and likely retirement comfort. Especially around the key micro markets namely R.S. Puram, Perur Road, Race Course etc. the investments have risen exponentially mainly due to 40% of the investments coming from people stationed in metros like Bengaluru, Chennai, etc. Additionally, areas at the outskirts of the city are yet to be recognized for their potential fully; leaving a ton of further scope of development.
In short, Coimbatore makes for an
ideal investment hub for reasons more than a singular one and its time we
tapped its potential with the aim of a better life. It has been identified as
the country’s top 10 cities that provide low budget investment opportunities in
real estate. If you are looking to invest in Coimbatore, Provident
Green Park, a project by Provident Housing is the perfect example of
affordable luxury. Spread over 9 acres and offering 1, 2 and 3 BHK apartments,
this project is surrounded by well-planned amenities. With most of the amenities within a short
distance, the project is made of well-lit and warm apartments surrounded by the
much-needed amenities. We invite you to come and experience the small-city joy