Real estate in Coimbatore has been undergoing a shift in its real estate trends recently. While, the commercial properties of Coimbatore have reached a point when it is very difficult to purchase a property in prominent locations, the residential property preferences are also changing.
A Coimbatore real estate agent says that Coimbatore Property have been on rise since long, especially the commercial property rates.Coimbatore is primarily a Textile Hub. Further, the booming commercial segment and growing influx of educational and management professionals have pushed the residential demand and prices to a new high in Coimbatore over the last few years. Now, with increase in property tax by the state government the residential rental values have increased manifolds.
Moreover, with more exposure to other developed countries and salaries going up, people all over the country want a luxury life style. This trend has also caught up with property in Coimbatore as well, where the people are now more into 3 bedroom lifestyle homes.
Also property in Coimbatore is gaining popularity day by day due to the increase in population and lack of space. Many prominent builders in Coimbatore are building projects comprising of luxurious apartments, providing ultra modern facilities. With young professionals going in more for rented units the lifestyle apartments are attracting huge investments from people outside the state.Since, growing industries and infrastructure development is bound to give 100 per cent profit in the future and boast to the city, investment in the Coimbatore property is considered a wise decision by industry experts.
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