With the high rise in demand for commercial spaces in the city of Coimbatore, coupled with the Smart City initiative and industrial rise, Coimbatore is now emerging as a major city for well-established and affordable residential real estate. The market has recently been a part of substantial increase in demand for housing, by the people who are shifting here in regard to their jobs, colleges or those who choose this city as a retirement plan. Coimbatore’s residential market has recently witnessed a positive push in forward direction in regard to the increasing demands for residential units in the key areas of the city such as R.S. Puram, Race Course, and Avinashi Road which are considered as posh areas of the city.
Locations off Avinashi Road and Saravanampatti,Trichy Road and Mettupalayam Road are seeing a lot of low-budget projects which tends to offer 2 bedroom flat in coimbatore for really affordable prices.
In Coimbatore’s residential market, 40% of investors and consumers come from those living in cities such as Chennai, Kochi and Bangalore which are considered as posh cities. Therefore, the demands are expected to fulfilled by the great supply of 3 bedroom flats in Coimbatore. The preference for smaller apartments (1 BHK, 2 BHK) is shown really high among young IT professionals who are still living alone, while those who live an ultra luxurious life opt for the villas and row houses.