Coimbatore or Kovai is a major industrial city in Tamil Nadu and the second-largest city in the state after Chennai. The city is referred to as the ‘Textile City of India’ and the ‘Manchester of South India’ due to the presence of flourishing textile industries.
Over the last few years, Coimbatore city has transformed into a popular industrial hub creating a large number of new job opportunities. Apart from the textile business, the economy of the city is influenced by many other industries like Manufacturing, Engineering, IT/ITES, Education, Commerce, and Healthcare. The city ranks 17th amongst the global outsourcing cities in the world. It is an ideal city in South India for real estate investments as these industrial developments have created a huge demand for housing facilities. You might be curious to know what makes Coimbatore an ideal investment destination. Here the top reasons why it is the best time to invest in Coimbatore.
Growing job opportunities
There is plenty of scope for real estate investments in Coimbatore as there is a steady growth in the job market. Coimbatore is home to a large number of small, medium, and large textile mills and textile research institutes like Meditech and InduTech. Some of the popular textile mills in Coimbatore include Lakshmi Mills, Kadri Mills, Premier Mills, Shiva Texyarn Ltd, Varadharaja Textile Mill, etc. Many reputed IT companies like TCS, Wipro, Bosch, Cognizant, etc have already opened their office spaces in Coimbatore. The IT/ITES industry in the city is expanding rapidly with the establishment of IT parks like SEZ-ELCOT, Tidel IT Park, KCT IT Park, etc. Kovai is also home to a large number of jewelry export businesses, yet another niche sector. Owing to these growing job opportunities, a large number of people are migrating to Coimbatore.
Best infrastructure facilities
Coimbatore is a city that boasts of excellent public infrastructure and civic amenities that make life easier and convenient. An efficient public transport system is in place which enables the residents to move around the city without any hassles. The city has all the necessary facilities like shopping malls, schools, colleges, and hospitals ensuring a seamless living experience for people. From big multiplexes and malls to reputed educational institutions and tech parks, Kovai has all the modern facilities that any homebuyer would be looking for. Some of the major shopping malls in the city include Brookefields Mall, Republic Mall, and Prozone Mall. The city offers excellent healthcare facilities and is home to many world-class medical institutions like PSG Hospital, Sree Ramakrishna Hospital, Kovai Medical Center, KG Hospital, etc.
Affordable living expenses
Despite the fact that Coimbatore offers a very modern lifestyle, living in the city is surprisingly very economical and pocket-friendly. There are plenty of affordable housing options available in the city. The living expenses in Coimbatore are less when compared to many other Tier-II cities in India. You can even find spacious villas for sale in Coimbatore at affordable prices in some of the best residential localities in Coimbatore. For those who are looking for budget food and dining options, the city offers plenty of amazing options.
Popular education hub
Coimbatore is one of the most sought-after academic destinations in South India offering quality education across various schools and colleges. Many nationally recognized colleges and universities are present in the city, making it a popular hub for higher education. A few reputed technology institutions in the city are Coimbatore Institute of Technology, PSG College of Engineering, Karunya Institute of Technology, etc. Other popular courses offered here are nursing, pharmacy, medicine, law, and management. Kovai attracts a lot of students who wish to pursue medicine and healthcare courses as it houses many top-rated medical colleges in South India.
Unlike many other cities in Tamil Nadu, Kovai features a very pleasant climate. Even during summers, the temperature is not unbearable as the weather is mostly windy. Owing to its proximity to the mountains of the Western Ghats, Coimbatore has a favorable and neutral weather condition. Ooty, the famous hill station of Nilgiris is just a 3-hour drive away from the city. It is one of the most popular tourist attractions in India attracting hundreds of tourists every year. There are plenty of other cool weekend getaways within a short distance from the city, making it one of the ideal places to settle down and enjoy a relaxed life.
Coimbatore is well connected to the neighboring states Kerala and Karnataka by road. Major cities like Mysore and Bengaluru are easily accessible from the city. Coimbatore International Airport operates flights to other major cities in India and abroad. With a strong public transport network, traveling within the city and to neighboring cities like Tirupur and Erode is a breeze. The state government has various proposed projects such as road widening, flyover construction, and the like which are aimed for the development of the city.
All these are added benefits for people who are planning to buy a new home in Coimbatore.
Location is one of the most important factors to consider while investing in real estate. Buying a new home in a wrong location can put your money at risk and cause huge losses. If you are searching for the right location to buy your dream home, look no further than Coimbatore city. You can explore our nature-friendly gated villas in Perur featuring state-of-the-art homes in a beautiful green locality in Kovai.
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