Coimbatore, known as the €Manchester of South India', is making ripples in the real estate market again. After the boom in the years 2009 to 2012, properties in Coimbatore are again gaining steam. With its excellent weather conditions, and being a popular choice for the retired folks to settle, Coimbatore is seeing a lot of investment opportunities.

The real estate scenario in Coimbatore is in its good phase now after the short inactive period. With a lot of options according to the size of your pockets, this place has something for everyone. Being an industrial and commercial zone in Tamil Nadu, this place offers a lot of potential for prospective buyers.

If you're interested in Coimbatore as well, let's see what's hot in Coimbatore for you, and what the most sought-after localities in the city are.

What's The Demand For, In Coimbatore?

With an increasing number of IT professionals building their base in the city, there's a lot of demand for beautiful villas, costing mostly within the price range of INR 40 to 60 lakh, among properties in Coimbatore. The young IT crowd is mostly opting for smaller apartments, the price ranging from INR 30 to 45 lakh.

There hasn't been much demand in land and luxury property. A trend has been observed though, wherein a lot of people from the senior citizen category are opting to stay in Coimbatore. They mostly look for two-BHK apartments under 1000 sq. ft. or one-BHK apartments under 600 sq. ft.
The demand for villas and apartments are almost equal as per the trends prevailing in the city now.

But with time, more and more people are showing interest in buying properties in Coimbatore, keeping in mind the future value of these properties. The prices are sure to rise with the increasing demands, and investing now while the prices are still not too expensive would be a profitable investment.

People who're looking for investment rather than settling down are going for plots. With a lot of vacant lands, independent constructions are on the rise.

There's also an increase in demand for fully furnished properties in Coimbatore. The end-users prefer properties that are ready to be settled in, even if that means paying a little more for the convenience. This trend has been pushing up the prices for these standalone properties to new levels.

Coimbatore's Commercial Demand Is On The Rise

With the city having a huge sector dedicated to industry, IT, textiles, BPO and tourism, properties in Coimbatore are showing an upward trend in this area. The last quarter saw diversity in buyers entering the market on the lookout of good places, especially in the suburban areas. There's a lot of demand for office spaces, especially the smaller ones. Large spaces are facing lesser extent in demands, but has people interested nevertheless. For instance, the Tidel Park has been seeing the rental rates at INR 25 per sq. ft. for the smaller places.

The Localities In Coimbatore That Are Attracting Buyers

Out of so many localities that are attracting buyers to the city, some of them seem to be a favorite amongst the investors. The properties in east and south can be a little heavy on your pocket, considering their association with the upcoming IT park and commercial area. But to name a few, places like Saravanampatty, Avinashi Road and Vadavalli are attracting many buyers. Localities like Pollachi or Pallakad roads are being looked up too, according to the builders.