A snapshot of the real estate scenario in Coimbatore
Avinashi Road continues to be in huge demand in Coimbatore. Apartment prices have touched Rs 3,500 per sq ft now - up 9% in two months. The Peelamedu area along Avinashi Road is also witnessing some demand now. Shreeram Properties have launched their project in Peelamedu at Rs 2100 per sq ft and villas are priced at Rs 2,600 per sq ft.
Sai Baba colony too has seen a significant increase over the last two months, with close to a 50% appreciation, and higher end projects now command Rs 4000 per sq ft.
According to estimates, approximately 3,000 apartments are under construction in Coimbatore. Major development is also underway on Trichy Road and Mettupalayam Road where many developers hold large land parcels.
Source: High Rise
