Things to Know about Coimbatore’s sudden Status change in the Realty market.

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Information about Things to Know about Coimbatore’s sudden Status change in the Realty...
Real Estate

Published on March 7, 2014

Author: Akshaya-homes

Source: slideshare.net

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.

Coimbatore’s sudden Status change in the Realty market. Things to Know. 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. As a matter of fact, apartments were lesser in number when compared to homes then. But today, the city is home to luxurious apartments much like any other metro in terms of quality and price and is also witnessing great demand. Properties in Coimbatore have abundant reasons contributing to growing demand.

Why Coimbatore There are a number of factors that attribute to favoring Coimbatore as a preferred destination for real estate investment. The weather in the city is highly favorable. Many industries and organizations from other countries find the climate pleasant and favorable to set up establishments and centers. The city is today home to many expatriates and this migrant community prefers to live in tastefully constructed and comfortable apartments for sale in Coimbatore. The city is today devoid of congestion and offers a more relaxed and laid-back living and hence preferred by a large group of real estate investors who want to stay away from hustle, bustle and speed. Coimbatore is home to some of the country’s best educational institutions, state-of-the-art medical facilities, infrastructure and roads. It has always been so and the city manages to maintain and nurture the status even today. Properties in Coimbatore hence find takers easily and quickly.

Coimbatore continues to have a large percentage of demand from senior citizens who are looking at homes to live in post retirement. The city’s status as retirement destination has not deteriorated over the years. Unlike Chennai that has only 5 to 10 percent of senior housing, Coimbatore faces demand from NRIs and South Indians located in other parts of India who intend to settle down in the city. A lot of US based NRIs also find interest in Coimbatore. The city also has a steady demand from Kerala residents who have bought apartments for sale in Coimbatore. Big and premium builders have arrived in Coimbatore to create architectural marvels that stand the test of time and quality. This kind of entry indicates several growth factors that include potential of the city to develop over time and cheaper and better availability of land to be consumed in commercial and residential properties in Coimbatore.

ABOUT US Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu, a leading light of the real estate industry in India. It has grown into one of the most awarded companies in the country acclaimed for its transparent business practices and innovation. The journey over the last 19 years has seen the company excel in both the home and commercial domains by building more than 150 magnificent edifices in South India. CONTACT US Akshaya Services Private Limited Capitale, No. 22, 2nd Street, Nehru Nagar, Adyar, Chennai - 600 020. Tel: 044 - 2445 1818 Website: www.akshaya.com

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