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Investing in Coimbatore Real Estate, a Safe Bet!

Manchester of South India', Coimbatore is known for its extensive textile industry, mills and factories, automobile parts manufacturing and engineering firms. The demand for property in Coimbatore has been witnessing a considerable rise leading to escalation in real estate investments. Both the residential and commercial properties of the city are selling like hotcakes which imply an increase in sales and revenue as well as in employment opportunities.

Sluggish Growth in Real Estate Coimbatore

Laxity in promoting Coimbatore as next IT destination after Chennai,time-consuming approval process, speculative land prices, conservative nature of people and lack of political clout are some of the key reasons identified behind the sluggish growth in real estate in the techcity. Speakers at a forum organised by Confederation of Indian Industry (Coimbatore) and Jones Lang LaSalle Meghraj (JLLM) here on Tuesday. However, believed the realty sector has enough potential and it is poised to pick up