Peelamedu - Review

Peelamedu, which has a mix of commercial and residential space, is a much sought after destination in Coimbatore. It is one of the most populated areas and is close to the airport. One of the prominent landmarks on this road is the corporate office cum production unit of the century-old Lakshmi Mills.Bustling with activity, the area is home to some of the finest educational institutions such as the PSG Group of Educational Institutions, GRD College and the Hindustan Group of Institutions besides hospitals like PSG Hospitals, Kovai Medical Centre & Hospital (KMCH) and Aravind Eye Hospitals.

Apartments in this area are always in demand and sold out within a few
days of launch

Commercial Almost all leading textile mills and banks have their presence in Peelamedu. Lease rentals range between Rs 25 and Rs 45 per sq ft per month, according to data available with the Builders’ Association of India, Coimbatore chapter. Residential Apart from a couple of IT projects proposed on Avinashi Road in Peelamedu, a number of residential projects is expected to come up in the surrounding areas. Property developers like Jain Housing, Coromandel (part of the Murugappa Group) and PS Srijan Projects are developing large residential projects in this area. Apartments in this area are always in demand and sold out within a few days of launch due to its proximity to schools, colleges and hospitals.

While lease rentals for apartments range between Rs 12-Rs 18 per sq ft, the capital value for new apartment projects range between Rs 5,000-Rs 5,500 per sq ft. Retail The area is an emerging retail area. Zee’s Essel Group has firmed up plans for setting up a multiplex and food & entertainment centre (FEC). Chennai’s PS Srijan Projects is also developing a 9 lakh sq ft of mall in Peelamedu. Rentals range between Rs 40-Rs 55 per sq ft per month. Some popular retail outlets on this road are Nilgris, Barista, Coffee Day, Crocodile and Sri Krishna Sweets.Peelamedu already has a three star luxury hotel The Residency and the Jenney Club owned by LA Group, promoters of the theme park Black Thunder. Kolkata-based Kenilworth Hotels has acquired five acres in Peelamedu.

Related Posts by Categories

General

• Indian navy felicitate shooters !
• Voters strength goes up by 9%
• Nuts 'n' Spices plansto enter cbe !
• உலகத் தமிழ் செம்மொழி மாநாடு - 5 நாள் நிகழ்ச்சி நிரல்
• ‘Manage the present industrial scenario well’
• Consumer body opposes ‘illegal, excess bus fare’
• Trial run on New Irugur - N.cbe Track !!
• Traffic diversions in city today
• New fire tenders for Coimbatore Airport
• Power cabels t go underground !!
• Eclipse Watch !!
• Army recruitment announcement
• SIEMA to develop ‘Made in Coimbatore’ brand
• Copenhagen summit: City students express solidarity
• Awareness campaign for TNSTC drivers
• Botanical garden: soil samples taken
• NASSCOM to help police ..
• YES plus from 5th Jan
• Training for women
• Youth urged to become entrepreneurs
• Six-a-side cricket to be conducted !!
• Wild jackals kill 39 sheeps !
• Biometric survey under houses for urban poor scheme
• Helmet must from 10th dec !!
• Kamal Nath thanked !

Infra

• ‘Medical Transcription Outsourcing Capital !
• Create infrastructure before Tamil meet: RAAC
• Modernisation of non-metro airports in 2 yrs
• Multi-storeyed buildings zones in other cities to be studied
• BSNL launches EVDO Data cards
• Provogue ventures into real estate !
• ICCI Protested The Powercut
• Smart Rooms 2009 Exhibition
• Flowserve to expand Coimbatore operations
• KGISL to invest 600 Cr in SEZ !
• Govt keen to develop Tier II cities
• Coimbatore – An Emerging Real Estate Destination
• Pilloor II Water Supply Scheme Likely By Mid 2010
• Focus Will Be On Road Repairs - Corp
• Residents protest against ST Plant !
• The needs of KOVAI !!
• Construction industry seeks speedy approval mechanism
• Tamizhaga Vivasayigal Sangham - No for Byepass !
• RAAC comes with " Vision Kovai Mission 10"
• ITC - Fortune park to set up Hotel @ Coimbatore !
• Coimbatore industy to set up 1000 MW Power plant !
• IT sector will Boost in 2 yrs ..
• Potholes on roads - Be safe !!
• Bosch to invest Rs 250 crore !!
• Civil engineers role - Expanding ..

Real estate

• Residential space: Coimbatore spins a growth story
• Tier II and Tier III cities witnessing real estate boom
• Rakindo builds Kovai Hill township !!
• Guideline value revision
• Provogue ventures into real estate !
• Smart Rooms 2009 Exhibition
• Coimbatore – An Emerging Real Estate Destination
• Beware during buying Sites !!
• Real Estate scenario Postive in Coimbatore !!
• BuildMat 2009 Exhibition Inaugurated
• Training & Skill Certification Stressed For Construction Industry
• Sahara Chosen Construction Company For Prime City
• Influence Lifestyle Store Eyes Coimbatore
• ITC Footprints Into Property Development
• Ungal Illam 2008 Housing Loan Expo
• Shriram Group Entering Lowbudget Homes In Coimbatore
• Ultratech Cement Opened 5 Retail Building Solution Outlets
• TCS Plans To Expand In Coimbatore
• Building Promoters Eyeing Agricultural & Industrial Lands
• Court Direction In acquisition Of 2,000 Acres In Kalapatti Village
• Build and Consumer Expo 2008
• REEL ESTATE BROKERS !!!!!!
• SIHS Colony TNHB Appartment
• Goldengate Enters Coimbatore
• Emami Group Foot Prints In Coimbatore