Although the real estate sector in the suburbs of Chennai is growing rapidly, land is being sold in some parts of Tamil Nadu at the same time. In the suburbs of Chennai, the question has arisen in the minds of many people as to where they can invest in the future and see profits.
Many people in the construction industry believe that Coimbatore is the fastest growing city in the real estate sector after Chennai. Despite the construction of new houses in Coimbatore and its suburbs, real estate professionals believe that there are many investment targets here. In particular, the Coimbatore-Avinashi road and the areas adjacent to it have achieved tremendous growth in the last 10 years.
The days when only Panchayats were present in these areas have changed, and now various industrial companies have also invested here. Due to this, many people are interested in investing in land. Newly built flats are also being sold out before the construction work is completed.
Not only are small, micro and medium industries growing in the Avinashi area, but the value of land is also increasing manifold, according to real estate professionals. Construction entrepreneurs from Coimbatore say that construction companies are showing interest in building individual houses as the land value is less affordable compared to Chennai.
Construction engineers say that the experiences of disasters like rain and floods have also shifted investments in the real estate and construction sector centered in Chennai towards cities like Coimbatore.
Since a large number of workers will come to Tier 2 cities like Coimbatore and Kochi from different parts of the country, there is a need to improve the residential facilities for them. Therefore, it is clear that the real estate sector will also grow here.
In the case of Coimbatore, the existing textile mills and mechanical factories can be considered the main reasons. Moreover, the mild climate prevailing in Coimbatore is another reason for the growth of Coimbatore real estate.
Coimbatore is one of the cities in Tamil Nadu that is suitable for investment, and the fact that Tiruppur, Erode, Pollachi and Palakkad in Kerala can be reached from Coimbatore in a few hours, and the employment opportunities in these cities are always abundant, are the main factors for the growth of real estate in Coimbatore.
Data also shows that not only the people of the districts of Tamil Nadu surrounding Coimbatore, but also the people of Palakkad district in the state of Kerala are showing interest in investing in real estate in Coimbatore city.
Similarly, the state government is continuously investing heavily in improving the infrastructure of Coimbatore city, which is also helping the growth of real estate in this city.
Therefore, real estate investors believe that investing in areas within Coimbatore city and its surrounding suburbs, where there is potential for development, will be the goose that lays golden eggs.
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