3 Reasons to Invest in Real Estate in Coimbatore

Coimbatore is known for its prominent manufacturing and service sectors. The city boasts of its quality education, widespread labour pool, and strong economy, which makes it a highly sought-after real estate destination. This blog highlights some of the reasons that make Coimbatore a great pick for real estate investments.

Coimbatore, a city in the southern state of Tamil Nadu, is strategically located near some of the most popular tourist destinations like Ooty, Kodaikanal, and Coorg. The city has seen some exponential development in the recent years which has increased the demand of the real estate projects here. Following are some reasons that make Coimbatore a real estate hotspot:

Amongst the top 20 Smart Cities

Coimbatore is now one of the top 20 cities that are chosen by the Ministry of Urban Development, Government of India, under the Smart Cities Mission. Under this mission, the city is expected to see some great developments that include better infrastructural facilities, improved parking and transport system with the help of CCTV surveillance, a sustainable environment with the implementation of LED street lighting, and E-governance and efficient infrastructure for industries.

Coimbatore property sale

Industrial Hub

Coimbatore houses over 25,000 small, medium, and large business enterprises. Some of the major industries in this city are textile and engineering which make it one of the few hardware–centric cities in the South India where cities like Chennai and Bangalore rely majorly on the software industry.

Emerging IT / ITeS destination

Apart from being hardware centric, Coimbatore also focuses on the software production and stands second in rank after Chennai. Some of the most prominent names in this domain are Cognizant Technology Solutions, Wipro, FORD, Aditi Technologies, Robert Bosch GmbH, IBM, Tata Consultancy Services, Tata Elxsi, and Dell that have entered the city. The city is also growing in the digital marketing and e-commerce domains which will ensure further development of the city.

The aforementioned reasons make Coimbatore one of the best pick for real estate investors as well as homebuyers. So if you are planning to invest in this city, you can simply look for property sale in Coimbatore online and come across a bunch of results that match your criteria.