Raising Coimbatore

Though the self-made city saw a slump in the real estate sector after the serial bomb blasts in February 1998, the returns on investments (residential) now is above the average of 10-20%. Coimbatore is now a happening place in the real estate sector besides IT and manufacturing. While the local players (builders, promoters and all stake holders in the construction sector) are having a busy time for the last two years with new projects, some large-scale proposals are in the pipeline with multi-nationals and foreign companies partnering with local property developers for joint venture initiatives.Apart from the IT SEZ planned by the Electronics Corporation of Tamil Nadu (Elcot), private enterprises are also gearing up to set up IT facilities. Singapore-based Jurong Group has announced a 35-acre project for an IT-cum-residential project. The citybased Salzer group is also planning to develop one lakh sq ft IT Park in association with a US-based consulting service provider.
The Builders’ Association of India (Coimbatore Chapter) chairman G Srinivasan says: “The city is all set to witness a boom in the coming years, as there is a huge demand for both residential and commercial spaces driven by the IT boom. Almost all big players in the real-estate industry are vying to have their presence here.” Besides IT, retail seems to lead the commercial realty race here. “On the retail front, the city is witnessing the onset of mall format development. Around five malls with a built-up area of two million sq ft each, are scheduled to be operational in the next three years,” according to HDFC regional manager Mathew Joseph. Zee’s Essel Group plans to develop its retail format, Forum, along with a multiplex and Food & Entertainment Centre (FEC). Brookefields Developers is planning a three lakh sq ft mall that will become operational the year end.
Surat-based developers Daga Brothers is eyeing a mall on Avinashi Road and E-city Ventures has plans to develop a multiplex on a 3-5 acre plot along the Coimbatore-Tirupur Link Road.On the residential front, there is a huge demand for high-end housing. Top notch property promoters completed close to 700 units last year. Presidium Constructions’ had come out with KG Gardenia, the Rs 75 lakh-Rs 1 crore apartment project on the posh Race Course road while Pricol Property Developers (PPDL), the realty arm of auto comp major Pricol, is gearing up for launching its new project with an apartment priced at Rs 1.25 crore, which is considered a new high for property in the city. Most of these premium apartments include modern lifestyle facilities such as swimming pool, sauna, steam, shopping complex, food court and a banquet hall.
As commercial and residential realty are growing at a brisk pace, the mill land sale story is getting bigger by the day in the region with many old and sick textile mills being converted into apartments and other commercial spaces. The defunct Sri Hari Mills would soon become an IT park, whereas the surplus five acre of land of Shree Rangavilas Mills on the prime Avinashi Road will soon become a multiplex. Century-old Lakshmi Mills, which closed its Singanallur unit, has also sold its land to a leading residential property developer in the city.Public sector textile behemoth National Textiles Corporation (NTC) too has been engaged in selling its surplus mill lands, mainly situated in prime localities in Coimbatore, in phases to mobilise funds for its ambitious modernisation drive. NTC has sold over 25 acre in the past few months, garnering close to Rs 13 crore. The boom in traditional industries like textiles and engineering, coupled with the much awaited entry of IT companies, has led the property developers to bet big on this textile city.
printland5762 2p · 233 weeks ago
Custom face mask
varun · 232 weeks ago
machinerydukaan1 · 221 weeks ago
Power weeder dealers in Uttar pardesh
Power Sprayer in Uttar Pardesh
HTP Sprayer dealers in Uttar pardesh
Brush cutter in Uttar pardesh
Power Weeder
Diesel Engine in uttar pardesh
ajay · 208 weeks ago
machinerydukaan · 207 weeks ago
honda power weeder
honda power weeder in India
<a href="https://www.machinerydukaan.com/products/detail/small-power-weeder-power-tiller
">power weeder online
Greaves 1510 Diesel Engine
briggs & stratton xr2100
<a href="https://www.machinerydukaan.com/products/detail/small-power-weeder-power-tiller
">power weeder online
htp power sprayer
briggs & stratton xr550
honda power tiller
dfgfgfg55 · 186 weeks ago
ollieandjames.com · 186 weeks ago
prakriya hospital · 173 weeks ago
prakriya 13p · 173 weeks ago
peopletree · 172 weeks ago
trustwell hospitals · 171 weeks ago
trustwell hospitals · 171 weeks ago
trustwell · 171 weeks ago
trustwell hospitals · 171 weeks ago
anoopjhurani 4p · 168 weeks ago
Hip Replacement in Jaipur
Sivakumar · 167 weeks ago
anoopjhurani 4p · 166 weeks ago
Robotic Joint Replacement India
ROINET · 165 weeks ago
Are you looking for small business ideas for rural areas ? Then come and start your business with ROINET solutions. Be a partner with us and help us in serving the underserved. We provide facilities like digital banking, doorstep banking, AEPS, domestic money transfer, mini ATM, bill pay and utility services, insurance, loans, etc.
greenfield housings · 164 weeks ago
By
GreenField Housings Coimbatore
Greenfield Crown City
Greenfield Emerlard City
greenfieldhousing
greenfieldhousings@gmail.com
9750822467
royalpicks cars · 162 weeks ago
thanks for sharing
by
royalpicks self drive cars
self drive car rental in Coimbatore | self drive cars Coimbatore
self drive car rental in Theni | self drive cars Theni
self drive car rental in Chennai| self drive cars Chennai
self drive car rental in Madurai | self drive cars Madurai
self drive car rental in Trichy | self drive cars Trichy
self drive car rental in Salem | self drive cars Salem
royalpicks cars · 162 weeks ago
thanks for sharing
by
royalpicks self drive cars
self drive car rental in Coimbatore | self drive cars Coimbatore
self drive car rental in Theni | self drive cars Theni
self drive car rental in Chennai| self drive cars Chennai
self drive car rental in Madurai | self drive cars Madurai
self drive car rental in Trichy | self drive cars Trichy
self drive car rental in Salem | self drive cars Salem
ramajyothiji 6p · 153 weeks ago
vijay · 152 weeks ago
ram · 152 weeks ago
owen · 149 weeks ago