Planning to buy a residential property? Know why Coimbatore is the best place to invest right now!
At present, investing in residential property is emerging as a significant achievement in people’s lives. The term ‘Residential Investment” refers to the process of buying a new house for your own living or renting out to earn income. Investing in the right residential property at a perfect location brings a plethora of perks for the investors now and in the future. According to real estate statistics, owning an apartment in the developing areas increases the value over time.
Coimbatore, the second largest metropolitan city of Tamil Nadu, is in a top position in the ranking for the best places for real estate investment. The city offers residential property with low budget investment right now that can yield huge benefits later. Are you interested in knowing why the best time to invest in Coimbatore is NOW?
The scope of investing in the apartments of Coimbatore
Coimbatore, also referred to as ‘Manchester of South India’, is being developed as a smart city by the Government of India. The city is growing at a fast pace in terms of economy, infrastructure, job opportunities and living standards. With the IT and ITES sector established in the prime location of the city, the professionals are settling down here from various parts of the country. The scope of development in the city increases the demand for residential properties and elevates the market value.
What makes Coimbatore the right place to live?
Salubrious Climate: The city’s location on the banks of the Noyyal River and the Western Ghats gives a pleasant climatic condition throughout the year which makes living a great experience.
Educational Hub: With 70+ engineering, arts and science and medical colleges, Coimbatore acts as the educational hub for major areas around. In addition to this, there are popular academic centres and research institutes.
IT Parks: The IT and ITES sectors have been springing up in areas like Saravanampatti, Kalapatti and Avinashi Road of Coimbatore. Some major software companies that have their offices set up here are Amazon, HCL, Bosch, Wipro, CTS, etc.
Healthcare Centres: Coimbatore is well known for its growing medical tourism and renowned hospitals that offer quality healthcare at a reasonable cost for all.
Entertainment Spots: There are incredible number of tourist attractions in and around the city. Some of the significant highlights are malls, amusement parks, falls, Isha Yoga Centre and much more, which attracts potential number of visitors from across the country and all over the globe.
Connectivity: Well-connected road, rail, and airways via three national highways, train services and an International Airport are the highlights of the Coimbatore city.
Safety & Security: Being a semi-metro, Coimbatore never fails to ensure protection of its people.
What are the top localities in Coimbatore for residential investment?
As per the search terms of the home buyers, more than 10 localities are listed as top destinations to buy a residential property in Coimbatore. Among various areas, Saravanampatti and Avinashi road stand out with its infrastructural development. Investing now in the residential properties developed in and around these spots can benefit you with high capital appreciation in the next 5 to 7 years.