The State government (Tamilnadu) planning to expand the Coimbatore corporation limits. Beacuse of that, land prices have skyrocketed in most areas of Kovai. especially in the north and east of city in the last few years.
Many IT companies and manufacturing firms setting up shop here and the government planning to add to the existing area of the corporation, this trend seems all set to continue.
Like Ganapathy, Vadavalli, Kalapatti, Sarvanamapatti, Kovaipudur, Mettupalayam, Periyanaickanpalayam Thonadmuthur land Registrationis high. The total number of registration, which was 11,805 in May 2010, has increased to 16,930 in May this year, according to Tamilnadu registration department . The growth is mainly in areas surrounding the arterial Tiruchi Road, Avinashi Road and Mettupalayam Road.
A cent of land that was bought at Rs 25,000 about 5 years ago now costs nearly Rs 7 lakh in Sarvanampatti
Property development in areas surrounding Vadavalli, which is preferred for constructing residential buildings have picked up.
But saturation in these areas meant realtors had to move to places like Thondamuthur.The mid-segment group is in a buying spree and houses are getting sold out at Rs 2,000 to Rs 2,800 per sqft. People who bought residential houses for Rs 60 lakh two years ago are selling it at nearly Rs1.2 crore now.
Coimbatore - Fastest Growing City
Coimbatore also called is one of the top 10 fastest growing cities of India. Coimbatore district has a population of about 50 Lakhs . It is also a district capital. There are nearly 25,000 small, medium, large scale industries and textile mills.
The District has 6 taluks namely Coimbatore North, Coimbatore South ), Mettupalayam, Sulur, Pollachi and Valparai and two revenue divisions of Coimbatore and Pollachi. Coimbatore is famous for Schools, Universities, Engineering Colleges, Medical, Management Schools, Textiles- Yarn, Knitted Garments, Handlooms, Textile Machinery, Motors, Pumps, Industrial goods, Cotton, Tea, and now IT Software.
Many IT companies and manufacturing firms setting up shop here and the government planning to add to the existing area of the corporation, this trend seems all set to continue.
Like Ganapathy, Vadavalli, Kalapatti, Sarvanamapatti, Kovaipudur, Mettupalayam, Periyanaickanpalayam Thonadmuthur land Registrationis high. The total number of registration, which was 11,805 in May 2010, has increased to 16,930 in May this year, according to Tamilnadu registration department . The growth is mainly in areas surrounding the arterial Tiruchi Road, Avinashi Road and Mettupalayam Road.
A cent of land that was bought at Rs 25,000 about 5 years ago now costs nearly Rs 7 lakh in Sarvanampatti
Property development in areas surrounding Vadavalli, which is preferred for constructing residential buildings have picked up.
But saturation in these areas meant realtors had to move to places like Thondamuthur.The mid-segment group is in a buying spree and houses are getting sold out at Rs 2,000 to Rs 2,800 per sqft. People who bought residential houses for Rs 60 lakh two years ago are selling it at nearly Rs1.2 crore now.
Coimbatore - Fastest Growing City
Coimbatore also called is one of the top 10 fastest growing cities of India. Coimbatore district has a population of about 50 Lakhs . It is also a district capital. There are nearly 25,000 small, medium, large scale industries and textile mills.
The District has 6 taluks namely Coimbatore North, Coimbatore South ), Mettupalayam, Sulur, Pollachi and Valparai and two revenue divisions of Coimbatore and Pollachi. Coimbatore is famous for Schools, Universities, Engineering Colleges, Medical, Management Schools, Textiles- Yarn, Knitted Garments, Handlooms, Textile Machinery, Motors, Pumps, Industrial goods, Cotton, Tea, and now IT Software.
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