Coimbatore Realty on a growing spree
The property prices in the city of Coimbatore are at an all-time high. The last couple of years have seen a price increase shot by 25 to 30 percent. The price increase however has not diminished the attractiveness of the Coimbatore city that serves as an ideal destination for real estate investments. The specialty and uniqueness of this metro lies in its laid back aura and traditional charm. This feature of the city attracts the middle-income segment contributing significantly to the city’s real estate market.
The property market graphs have been going steady and experts don’t see any lull for a few more years. There is an estimated demand of 1 lakh housing units predicted in the next few years. Various projects like the Akshaya Homes, Srivari Vaibhav, TVH Vista Heights and Trident Harmony constructed on important destinations like Avinashi, Mettupalayam and Trichy road has directed the Coimbatore’s property market on a growth spree.
Property Trends
The property prices in Coimbatore have been showing a tendency to climb. Some of the reasons cited by the experts are industrial sector, II industry, BPO; further Coimbatore is a major textile hub. The recent price inflation has wrecked havoc in the real estate market and the investors and buyers safely chose to withdraw during this period. However, the last quarter has witnessed buyers coming back and showing interest in the real estate market especially in the suburban regions. An average 5 to 10 percent increase has revived the hopes of the investors and buyers supported by a decent demand and supply mechanism. Coimbatore real estate market shows a regular increase of 25 to 35 percent every two years.
Property Prices
The Realty prices are quite high in the Coimbatore city due to the commercial and industrial sector. The City’s prominence and industrial role highly influences the increase and decrease of the property prices. A typical house in a multi-storied building costs anywhere between Rs 3,500 per sq ft. to Rs 5,500 psf.
The demand for houses is increasing steadily and the prices are growing proportionally. Many senior citizens prefer to live in villa styled houses with multiple bedrooms that start at Rs 17 lakh and run upto Rs. 2 crore. However, the trend in Coimbatore has always been to buy land parcels and build independent houses, as the cost for buying lands here is relatively cheaper compared to other cities.
To find and buy a property in Coimbatore, Please visit http://www.realtycompass.com/real-estate-in-coimbatore
Source: http://www.realtycompass.com/blog/category/advisory/
The property prices in the city of Coimbatore are at an all-time high. The last couple of years have seen a price increase shot by 25 to 30 percent. The price increase however has not diminished the attractiveness of the Coimbatore city that serves as an ideal destination for real estate investments. The specialty and uniqueness of this metro lies in its laid back aura and traditional charm. This feature of the city attracts the middle-income segment contributing significantly to the city’s real estate market.
The property market graphs have been going steady and experts don’t see any lull for a few more years. There is an estimated demand of 1 lakh housing units predicted in the next few years. Various projects like the Akshaya Homes, Srivari Vaibhav, TVH Vista Heights and Trident Harmony constructed on important destinations like Avinashi, Mettupalayam and Trichy road has directed the Coimbatore’s property market on a growth spree.
Property Trends
The property prices in Coimbatore have been showing a tendency to climb. Some of the reasons cited by the experts are industrial sector, II industry, BPO; further Coimbatore is a major textile hub. The recent price inflation has wrecked havoc in the real estate market and the investors and buyers safely chose to withdraw during this period. However, the last quarter has witnessed buyers coming back and showing interest in the real estate market especially in the suburban regions. An average 5 to 10 percent increase has revived the hopes of the investors and buyers supported by a decent demand and supply mechanism. Coimbatore real estate market shows a regular increase of 25 to 35 percent every two years.
Property Prices
The Realty prices are quite high in the Coimbatore city due to the commercial and industrial sector. The City’s prominence and industrial role highly influences the increase and decrease of the property prices. A typical house in a multi-storied building costs anywhere between Rs 3,500 per sq ft. to Rs 5,500 psf.
The demand for houses is increasing steadily and the prices are growing proportionally. Many senior citizens prefer to live in villa styled houses with multiple bedrooms that start at Rs 17 lakh and run upto Rs. 2 crore. However, the trend in Coimbatore has always been to buy land parcels and build independent houses, as the cost for buying lands here is relatively cheaper compared to other cities.
To find and buy a property in Coimbatore, Please visit http://www.realtycompass.com/real-estate-in-coimbatore
Source: http://www.realtycompass.com/blog/category/advisory/
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