There is a real
estate boom in our country India. And, it is almost like a gold rush. That is,
even a bit of information that an airport or / railway station or / SEZ (special
economic zone) is being planned in an area is enough to have both builders
& investors rush.
After Chennai,
Coimbatore is the largest industrial centre in TN (Tamil Nadu)/. It has
transformed into a preferred destination for IT and ITeS, as a result of
lucrative incentives given to IT companies by the TN government.
Main Suburb..!
Coimbatore city's
main suburb is Peelamedu. It lies on Avinashi Road, said to be the busiest road
of Coimbatore.
The area stretches
from Nava India to the international airport. Two years earlier, a 2 BHK in Peelamedu at Rs. 2,500 a square
feet. The property prices have shot up to. Rs 4,200 a square feet today. The
prices are expected to increase further.
Peelamedu is
developing in a big way as it is home to many major textile & wetgrinder
firms, schools, colleges, hotels & residential complexes. It is the
educational hub of Coimbatore, with renowned medical, paramedical, engineering,
arts and science colleges there.
Good
Infrastructure...!
Peelamedu is 7 km
from Coimbatore city and 11 km from Coimbatore airport. The area is said to
have good infrastructure, quality of life and low cost of living to offer.
The rapid pace of
infrastructure development & a
proactive Govt are aggressively promoting the city. R S Puram, Avinashi Road
& Race Course are plush areas. If you go 6 to 8 km from these areas, one
can find good flats, starting at Rs. 50 lakh.
Src: BS
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