Hot Spots for Property Investment in Tamil Nadu : Peelamedu, Coimbatore

There is a real estate boom in our country India. And, it is almost like a gold rush. That is, even a bit of information that an airport or / railway station or / SEZ (special economic zone) is being planned in an area is enough to have both builders & investors rush.

After Chennai, Coimbatore is the largest industrial centre in TN (Tamil Nadu)/. It has transformed into a preferred destination for IT and ITeS, as a result of lucrative incentives given to IT companies by the TN government.

Main Suburb..!

Coimbatore city's main suburb is Peelamedu. It lies on Avinashi Road, said to be the busiest road of Coimbatore.

The area stretches from Nava India to the international airport. Two years earlier,  a 2 BHK in Peelamedu at Rs. 2,500 a square feet. The property prices have shot up to. Rs 4,200 a square feet today. The prices are expected to increase further.

Peelamedu is developing in a big way as it is home to many major textile & wetgrinder firms, schools, colleges, hotels & residential complexes. It is the educational hub of Coimbatore, with renowned medical, paramedical, engineering, arts and science colleges there.

Good Infrastructure...!

Peelamedu is 7 km from Coimbatore city and 11 km from Coimbatore airport. The area is said to have good infrastructure, quality of life and low cost of living to offer.

The rapid pace of infrastructure development &  a proactive Govt are aggressively promoting the city. R S Puram, Avinashi Road & Race Course are plush areas. If you go 6 to 8 km from these areas, one can find good flats, starting at Rs. 50 lakh.

Src: BS

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