Coimbatore becomes highly lucrative city for realtors

As real estate market has witnessed of downturn in demand for properties from last couple of years but Coimbatore has caught the buyer’s attention and becomes highly lucrative city for real estate market. There is high upsurge in demand for residential and commercial segments. Current FY’11, 1Q from Jan to Mar 2011 has witnessed the stable appreciating comparatively previous years Oct to Dec 2010. According to the market experts space is available at less unit price, so this has resulted into the various forthcoming projects in the entire city.
As per reports there is high rise in demands for residential section as there several affordable and premium projects are coming in the city. A buyer can book a 1 BHK apartment starting at Rs 15 lakh to a premium 4 BHK apartment priced at over Rs 1crore.
Most of the forthcoming projects in the city are located at Sanganur Road, LGB Nagar, Saravanampatty, RS Puram and Trichy Road. Some key developers in the city are Shriram Properties Pvt Ltd, Sahara City Homes, Ramani Realtors Pvt Ltd, Sobha Developers, Oasis Group and many more.
The upcoming projects in the city will boost the real estate market in the Coimbatore, market analyst said.





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