| Coimbatore, the textile city of South India, | | | | a 25-30 per cent jump in their prices last |
| is making rapid strides and seems to be the | | | | year. The current rates per sq. ft. in areas |
| busiest city in the state as far as | | | | such as Race Course and R.S. Puram hover |
| investments in commercial property is | | | | around Rs 2,000-2,200. Close on the heels are |
| concerned. There has been a sharp | | | | other locations like Saibaba Colony where a |
| appreciation in the prices of land in the | | | | sq ft costs Rs 1,600 ; Rs 1,400-1,500 in |
| last couple of years. | | | | Peelamedu and Rs 1,200-1,300 in Singanallur. |
| | | | However, the rates may vary according to the |
| The demand for properties in Coimbatore is | | | | location. |
| driven by genuine demand rather than by | | | | |
| speculation. | | | | Property boom in Coimbatore seems to be |
| | | | sustainable for at least another five years |
| Property prices in Coimbatore have gone up by | | | | since it was fuelled by speculative |
| 50-100 per cent in the last one year. The | | | | purchases. With a surging economy industry |
| increase in some areas is believed to be more | | | | and a high proliferation of IT companies, the |
| than 100 per cent. The locations that fall in | | | | Coimbatore real estate is pretty upbeat. |
| close proximity to Tiruchi Road have | | | | |
| witnessed a considerable spurt in land price. | | | | Coimbatore has a proposal of Rs 140 crore |
| These are Race Course, R.S. Puram, Peelamedu, | | | | Software Technology Park which will pave way |
| and Vadavalli. | | | | for real estate developers to come up with |
| | | | their exclusive real estate projects in |
| Apartment culture in Coimbatore is in its | | | | consonance. The project will come up at |
| full allure and attracting large interest of | | | | Avinashi Road and will incorporate world |
| the individuals who are planning to shift | | | | class amenities required by software |
| here. Apartments in Coimbatore have recorded | | | | companies. |