Investing In Coimbatore

Otherwise known as The Manchester Of The South – Coimbatore has grown on the back of the textile industry which took root as early as the late 19th century. The textile mills needed skilled labour and people from all over India flocked to this city which borders Kerala’s Palakkad district on one side and has the Western Ghats and reserve forests on the other. Looking at the towering buildings which house both commercial and residential space, it is hard to believe that Coimbatore was once a small town prone to drought and earthquakes. So what is making Coimbatore real estate tick now?
  • Vibrant manufacturing sector
  • Service sector set to boom
  • Health care on the rise
  • Retail sector on the rise
  • Pleasant climate

Textiles– the primary growth factor: The growth of real estate and the various suburbs of Coimbatore can be directly linked to the growth of the textile industry in the city. The city is home to a number of textiles mills, in categories which range from small, medium and large. The entire Coimbatore belt is known for the quality of its cotton and dyes. Most of the produce is exported. The growth of textile manufacturing machinery has been a natural fallout of the growth of the textile industry. Some of the best known global brands in textile machinery and component manufacture are based in Coimbatore. However, textile is not the only industry which Coimbatore boasts of. Coimbatore today is a centre for engineering, hosiery, poultry and Information Technology. The city has some of the oldest flour mills in the country.

Technology– Coimbatore real estate has also benefitted from the city’s new status as the second largest producer of software in Tamil Nadu; second only to Chennai. The city ranks 17 among the global outsourcing cities. The growth of Information Technology (IT) and business process outsourcing (BPO) got fresh impetus with the launch of Tidel Park and other IT parks. IT majors such as TCS, Cognizant and IBM have operations in this city.

Gold adds to real estate demand-The city is one of the major hubs for the manufacture of gold jewellery. The units in Coimbatore specialize in cast jewellery and machine made jewellery. The city is also a centre for diamond cutting. Coimbatore has more than 3000 jewellery manufacturers and over 40,000 goldsmiths.

Healthcare boosts real estate – Gold adds to real estate demand: The city is one of the major hubs for the manufacture of gold jewellery. The units in Coimbatore specialize in cast jewellery and machine made jewellery. The city is also a centre for diamond cutting. Coimbatore has more than 3000 jewellery manufacturers and over 40,000 goldsmiths. Healthcare boosts real estate: Coimbatore is a centre for health care and has a large number of specialty hospitals which cater to orthopedics, cardiac, kidney and others. A large number of people visit Coimbatore from the neigbhouring districts for healthcare. Coimbatore real estate has boomed as a result of the growth of these industries. One of the off shoots of a pleasant climate and good healthcare facilities has been a large number of retirement homes. This is a big business in the city. Retail adds spice to realty: Coimbatore has always a vibrant retail sector specializing in gold and textiles. The city attracts shoppers from the towns close by and also from Kerala. Today, the Coimbatore-Tirupur-Erode industrial corridor is an added boost for the real estate market.

So what’s not to like about the city? It seems like the perfect place to watch your money grow.

Leave a Reply

Coimbatore

B-2, Elysium Towers, Door No:21, ATT Colony,
Coimbatore – 641018, Tamil Nadu, India

Coimbatore

B-2, Elysium Towers,
Door No:21, ATT Colony,
Coimbatore – 641018
Tamil Nadu, India

Chennai

6/2, First Floor, Chittaranjan Rd,
Sri Ram Nagar, Teynampet,
Chennai – 600 018
Tamil Nadu, India.

DISCLAIMER
By using or accessing the Website you agree with the Disclaimer without any qualification or limitation. The Company reserves the right to terminate, revoke, modify, alter, add and delete any one or more of the terms and conditions of the website. The Company shall be under no obligation to notify the visitor of the amendment to the terms and conditions and the visitor shall be bound by such amended terms and conditions. The visuals and information contained herein marked as “artistic impression” are artistic impressions being indicative in nature and are for general information purposes only. The visuals contained marked as “generic image” and other visuals/image/photographs are general images and do not have any correlation with the project. The imagery used on the website may not represent actuals or may be indicative of style only. Photographs of interiors, surrounding views and location may not represent actuals or may have been digitally enhanced or altered. These photographs may not represent actuals or may be indicative only. Computer generated images; walkthroughs and render images are the artist’s impression and are an indicative of the actual designs. No information given on this Website creates a warranty or expands the scope of any warranty that cannot be disclaimed under the applicable laws. The information on this website is presented as general information and no representation or warranty is expressly or impliedly given as to its accuracy. Any interested party should verify all the information including designs, plans, specifications, facilities, features, payment schedules, terms of sales etc. independently with the Company prior to concluding any decision for buying in any of the projects. While enough care is taken by the Company to ensure that information in the website is up to date, accurate and correct, the readers/users are requested to make an independent enquiry with the Company before relying upon the same. Nothing on the website should be misconstrued as advertising, marketing, booking, selling or an offer for sale or invitation to purchase a unit in any project by the Company. The Company is not responsible for the consequences of any action taken by the viewer relying on such material/information on this website without independently verifying with the Company
©️ 2022 All rights reserved. Elysium Properties. Graphic Design / Website / Digital Marketing : Meriton Technologies Pvt. Ltd.

Blog

Privacy

Terms

Sitemap