things to know about coimbatore’s sudden status change in the realty market
DESCRIPTION
If you have to move from metropolitan cities and shift focus to Tier II cities when it comes to real estate investment, then you better have concrete reasons to do so. Coimbatore is an interesting choice to make. Apartments for sale in Coimbatore were once constructed with the purpose of catering to a laid-back retirement oriented community.TRANSCRIPT
Coimbatore’s sudden Status change in the Realtymarket. Things to Know.
If you have to move from metropolitan cities and shift focus to Tier II cities when itcomes to real estate investment, then you better have concrete reasons to do so.Coimbatore is an interesting choice to make. Apartments for sale in Coimbatore wereonce constructed with the purpose of catering to a laid-back retirement orientedcommunity. As a matter of fact, apartments were lesser in number when compared tohomes then. But today, the city is home to luxurious apartments much like any othermetro in terms of quality and price and is also witnessing great demand. Properties inCoimbatore have abundant reasons contributing to growing demand.
Why Coimbatore
There are a number of factors that attribute to favoring Coimbatore as a preferreddestination for real estate investment.
The weather in the city is highly favorable.Many industries and organizations from othercountries find the climate pleasant andfavorable to set up establishments and centers.The city is today home to many expatriatesand this migrant community prefers to live intastefully constructed and comfortableapartments for sale in Coimbatore.
The city is today devoid of congestion andoffers a more relaxed and laid-back livingand hence preferred by a large group of realestate investors who want to stay away fromhustle, bustle and speed.
Coimbatore is home to some of the country’s besteducational institutions, state-of-the-art medicalfacilities, infrastructure and roads. It has alwaysbeen so and the city manages to maintain andnurture the status even today. Properties inCoimbatore hence find takers easily and quickly.
Coimbatore continues to have a largepercentage of demand from seniorcitizens who are looking at homes tolive in post retirement. The city’s statusas retirement destination has notdeteriorated over the years. UnlikeChennai that has only 5 to 10 percent ofsenior housing, Coimbatore facesdemand from NRIs and South Indianslocated in other parts of India who intend to settle down in the city. A lot of USbased NRIs also find interest in Coimbatore. The city also has a steady demand fromKerala residents who have bought apartments for sale in Coimbatore.
Big and premium builders have arrived inCoimbatore to create architectural marvelsthat stand the test of time and quality. Thiskind of entry indicates several growth factorsthat include potential of the city to developover time and cheaper and better availabilityof land to be consumed in commercial andresidential properties in Coimbatore.
ABOUT US
Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light ofthe real estate industry in India. It has grown into one of the most awarded companies in thecountry acclaimed for its transparent business practices and innovation. The journey over thelast 19 years has seen the company excel in both the home and commercial domains bybuilding more than 150 magnificent edifices in South India.
CONTACT US
Akshaya Services Private LimitedCapitale,
No. 22, 2nd Street, Nehru Nagar,Adyar, Chennai - 600 020.
Tel: 044 - 2445 1818Website:www.akshaya.com