Real Estate Market in Coimbatore: Best Money Making Investments

Posted by JRD Realtorss on January 3rd, 2017

Investment in Coimbatore’s real estate market has always been an attractive proposition. The city of Coimbatore, sometimes also referred to as Kovai, borders Palakkad district of Kerala on one side and the Western Ghats on the other. It is known for the rapid growth in its textile industry which took roots in the late 19th century. It is also known as the “Manchester of South India” since it is a textile powerhouse. 

The textile mills in Coimbatore required skilled labour and people from different parts of the country flocked to it. The towering buildings housing both commercial and residential space tells the story of the real estate market boom in Coimbatore. Here a few major reasons why real estate market in Coimbatore is the best money making investment for anyone. 

Growth of the Textile Industry 

Coimbatore is known for the export of textile products mainly because of the fine quality of its cotton and dyes. The city is home to a number of textiles mills in all categories ranging from small to large industries. The growth of real estate in and around Coimbatore can be directly linked to the growth of the textile industry in the city. 

Boom in the IT Industry 

Coimbatore has two special economic zones (SEZ) with five more in the pipeline. The Coimbatore real estate has also benefitted from the city’s software industry which is the second best in Tamil Nadu after Chennai. IT majors such as TCS, Cognizant and IBM have major operations in this city with a sizable number of employees. 

Fillip from the Manufacturing Industry 

Maruti Udyog, Tata Motors and many other automotive companies source their components from Coimbatore. This industry has improved the employment opportunities for people tremendously. All this bodes well for the real estate market in the city. 

Healthcare Boosts Real Estate 

Coimbatore is a centre for health care and boasts of a large number of specialty hospitals. A large number of patients also visit Coimbatore from the neighbouring states and districts for healthcare. This has led to a big boom in Coimbatore’s real estate market. 

Retail Adds Spice to Realty 

Coimbatore has always had a vibrant retail sector specializing in gold and textiles. The city attracts traders from the close by towns and cities. There are many opportunities while investing in real estate sector which is connected to retail. 

The average prices in the real estate market in Coimbatore have registered a considerable percent of increase over the past few years and growth estimates are even more optimistic for the future. It is by far the best bet to make an investment in Coimbatore’s real estate market now, both in the commercial and residential sectors. 

About The Author: 

R.Deepak Vignesh Var is the CEO of JRD Realtorss. JRD Realtorss is one of the best Builders of Villas in Kovaipudur and Land Promoters of Properties. They have a well-managed architectural and engineering team that has closely partnered and worked with globally acclaimed architects and many others, to achieve both aesthetic and efficient designs. They create best ultra-luxury villas in Kovaipudur, Coimbatore and very serene place of living with great environment.