Last Update: November 07, 2022, 15:27 IST
The growing industrial sector in Coimbatore, Tamil Nadu has led to an increase in real estate not only in the main city but also in the surrounding areas.
The growing industrial sector in Coimbatore, Tamil Nadu has led to an increase in real estate not only in the main city but also in the surrounding areas.
The growing industrial sector in Coimbatore, Tamil Nadu has led to an increase in real estate not only in the main city but also in the surrounding areas. Known for its serene climate and adaptable climate, Kovaipudur is currently gaining recognition as the latest hotspot for real estate investment in Coimbatore. Moving towards the ongoing industrial development in the state, several notable IT giants including Tata Consultancy Services and Cognizant have established their bases in Coimbatore city over the years, news agency ANI reported.
As the region developed into a residential and industrial centre, Kovaipudur also known as ‘Little Ooty’, a large town near Coimbatore on the slopes of the Western Ghats, is now popular with real estate investors and investors. Attracting the interest of buyers. Due to the industries set up for housing the growing population, residential areas are being built nearby. In order to improve living conditions, infrastructure projects such as public facilities such as educational institutions, malls and retail centers such as entertainment centers and industrial businesses are also coming up. The availability of these facilities adds to the already attractive mark of Kovaipudur’s residential market.
The land acquisition by real estate plot developers has already gained momentum after the project of the Western Ring Road went on floors and went ahead, the news agency reported. The construction of the 32.4 km, four-lane road connecting Madukkarai on the Coimbatore-Palakkad road to Narasimmanaikanpalayam on the Mettupalayam road has resumed after a long delay in land pricing. According to real estate analysts, after the commissioning and commissioning of the Western Ring Road, large tracts of land in Kovaipudur are expected to be in great demand.
While the boom is still in its initial stage as the construction of the Western Ring Road is still in progress. According to analysts, this could be the only opportunity for the buyers to buy the land of Kovaipudur property at a reasonable price. Once the development of the neighborhood has reached its height and has completed all the phases, the property prices are likely to rise further.
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