Property Investment in Coimbatore: A Comprehensive Overview

Coimbatore, the second largest city in Tamil Nadu, is currently ranked as one of the top locations for real estate investment. The city offers affordable residential properties with the potential for substantial returns in the future. Thus, if you want to know about property investment in Coimbatore, come along!

What is Property Investment in Coimbatore?

Coimbatore, known as the 'Manchester of South India', is undergoing development as a smart city by the Indian government as it has been selected as one of the 100 Indian cities to participate in the Smart Cities initiative's development. Since then, this city has experienced increased demand for residential properties and increased market value.

The city is experiencing rapid economic growth, infrastructure, job opportunities, and living standards. With the establishment of the IT and ITES sector in a prime location, professionals from across the country have chosen to settle in Coimbatore.

Factors To Consider Before Property Investment in Coimbatore

Economic Growth

Coimbatore has a strong and varied economy that provides a solid base for investing in real estate. It is called the "Manchester of South India" because of its thriving textile industry. The city is also a key manufacturing, engineering, and information technology centre. The city's numerous multinational companies like ABT info systems, Aperta, Dutch Plantin Coir India, FEIN Power Tools India and industrial parks like Anna Industrial Park and Kisan Park Industries create a consistent need for commercial and residential properties, making Coimbatore an attractive investment option.

Infrastructure

In recent years, Coimbatore has experienced significant growth in its infrastructure, establishing itself as a city with promising prospects. The town features strong connectivity through well-maintained roads such as Trichy Road, Mettupalayam Road, Palakkad Road, and Pollachi Road, as well as the Coimbatore International Airport, which serves as a key transportation hub for the industrial areas of Coimbatore. Additionally, the upcoming Coimbatore Metro Rail project is set to improve internal connectivity within the city. Coimbatore is well-linked to major cities like Bangalore, Mumbai, Delhi, and Kolkata through national highways like NH 544, NH 81, and NH 181, facilitating easy access to and from the city.

Affordability

Coimbatore offers a variety of residential options, including plots, apartments, and villas, to suit various budgets and investment preferences. The living expenses are lower, and the average property price ranges from Rs. 50 Lakh to Rs. 77 Lakh.

Rental Yield

With such ongoing improvements in Coimbatore, the rental yield in the locality has spiked. Thus the average rental yield for property investment in Coimbatore is around 4%.

Potential for Growth

Coimbatore has been recognised as one of India's 100 Smart Cities, attracting more infrastructure, technology, and sustainable growth funding. The government's emphasis on boosting sectors such as textiles, IT, and manufacturing enhances Coimbatore's appeal as a prime location for investment.

Demand of the Location

The increasing population and influx of professionals in Coimbatore have created a higher need for housing. Investment in residential property in Coimbatore guarantees a 10–15% increase in marketability in 2024, making Coimbatore an attractive investment.

RERA

The Real Estate (Regulation and Development) Act (RERA) is significant because it promotes improved governance and transparency within the real estate sector. This legislation is crucial for enhancing project efficiency, establishing standards, and ensuring quality.

Builder Credibility

Real estate projects by well-known developers such as Sree Daksha Property Developers, Green Field Housing, Casagrand Builder and Bhuvana Promoters are expected to increase in value over time due to their strategic choice of prime locations and meticulous project planning.

Steps To Property Investment in Coimbatore

Step 1: Conduct a market survey and finalise your investment budget.

Before searching for a property in Coimbatore, conducting a market survey and determining your investment budget for residential properties is important.

Step 2: Shortlist a few properties based on your requirements.

When selecting properties for investment, take into account the location, potential sale value, and type of property. To evaluate different choices, consult with real estate agents, browse online listings, and participate in property expos.

Step 3: Plan a field visit to the properties to assess daily lifestyle.

Potential buyers should visit properties in person to assess factors such as infrastructure, transportation access, and proximity to hospitals, as these elements significantly influence the decision.

Step 4: Check the background and property documents.

Conduct a comprehensive background check on the property using RERA guidelines to prevent fraud and legal disputes and carefully review all property documents pre-purchase.

Step 5: Prepare all the necessary documents to purchase the property.

The procedure includes gathering all necessary paperwork for buying a property, such as the sale deed and agreement. Collaborate with legal experts to verify these documents and intricacies related to the transaction.

Step 6: Pay for the property, stamp duty and registration charges.

When buying a house, you must cover costs such as stamp duty, registration fees, property ownership transfer, and service fees for real estate agents or consultants.

Benefits of Property Investment in Coimbatore

Medical Facilities

Coimbatore is home to several highly regarded hospitals that provide excellent healthcare services at affordable prices. These include NG Hospital & Research Centre, Sree Abirami Hospital Pvt Ltd, and Kongunad Hospital. Dependable healthcare facilities make Coimbatore an appealing destination for individuals interested in investing in residential property.

Travel and Sightseeing Opportunities

Coimbatore is more than just a city known for its industries; it is also a cultural and spiritual significance centre. The city boasts renowned temples like the Temple of Adiyogi Shiva Statue, Sidhapudur Sree Ayyappa, Eachanari Vinayagar Temple, and Dhyanalinga Temple, making it a diverse and welcoming residence place. Other sightseeing options include Vydehi Falls, Isha Yoga Centre, and Kovai Kondattam.

Growing IT Sector

Coimbatore hosts several research institutes and key employment arenas like Saravanampatti, Kalapatti, and Avinashi Main Road. Major software firms such as Amazon, HCL, Bosch, Wipro, and CTS have opened offices in Coimbatore, leading to a surge in demand for residential properties and creating a promising investment prospect.

Long-Term Growth

Over time, the Coimbatore real estate market has steadily increased property values. With ongoing infrastructure improvements, residential areas have shown a strong potential for long-term appreciation, such as Avinashi Main Road (35%), Siganallur (20.2%), and Ramanathapuram (14.6%), over the last 5 years.

Amazing Connectivity

Coimbatore can be easily reached via Trichy Road, which serves as the primary entrance into the city from the Southern and Eastern regions of Tamil Nadu. The city is also well-connected through Coimbatore Junction railway station and Coimbatore International Airport, linking it with different cities and towns across India. However, there are no waterway connections to Coimbatore.

Top Locations for Property Investment in Coimbatore

Race Course

Race Course is a wealthy neighbourhood. It's often compared to Switzerland. It is a popular spot for fitness enthusiasts and nature lovers, offering a sanctuary for joggers and walkers who prioritize health and environmental consciousness. Some of the residential areas in the locality include Elysium The Address, Global Bella Casa in Peelamedu, and Casagrand Amber in Kallimadai. The average property price for this area is approximately Rs.13,000 per square foot.

Saibaba Colony

Saibaba Colony is a prestigious residential area in Coimbatore with affluent residents. The region boasts numerous banks, restaurants, and dining options due to its proximity to job centres such as AK Tech Park and Bharati Park. Numerous residential communities like Patteeswara Heritage, RR Yazh, Marutham Bhaghya, and RR Harmony offer exceptional facilities and services. The average property price ranges from Rs. 4,200 to Rs. 29,000 per square foot.

RS Puram

RS Puram, located west of Coimbatore, is a prestigious neighbourhood popular among working professionals. It is known for its reputation as a hub for shopping and education within the city. Many housing developments offer exceptional facilities and services, such as Dhiya Brindhavan, Town Elite City, and Sree Dakshas Ivadvi. The average property price ranges from Rs. 6,384 to Rs. 10,469 per square foot.

Peelamedu

Peelamedu, a residential neighbourhood in the eastern part of Coimbatore, is known for its mix of standalone houses and high-rise apartment buildings. Its appeal is enhanced by its proximity to the Coimbatore International Airport and various technology parks, such as Tidel Park and ELCOT SEZ, which cater to the IT industry. Numerous residential communities like Ravi Murugaa Sai Gardenia, Chathamkulam Kadambari, and Globus Arima Legend provide outstanding amenities and services. The average property price ranges from Rs. 4,846 to Rs. 20,230 per square foot.

Avinashi Main Road

Avinashi Main Road is near the Civil Aerodrome Post and the BR Puram Industrial Estate in Indira Nagar. This area features upscale residential properties, including apartments, individual houses, and land parcels such as Casagrand Jubilant, Sattva Navaratna Residency, and Vakaman Kota Gold Fields. Serving as a vital thoroughfare connecting neighbourhoods in both the eastern and western parts of Coimbatore, it also offers convenient access to the city's airport. Property costs vary between Rs. 4,346 and Rs.17,308 per square foot.

Vadavalli

Vadavalli is a luxurious locality that offers a range of affordable villas, apartments, and residential plots for immediate occupancy. Known for its pleasant climate and groundwater resources, it has grown from an agricultural area into a prime residential locality. 

The average property rate is Rs. 4,550 per sq ft. It is well-connected with Coimbatore International Airport and Vadavalli New Bus Terminus. The area hosts reputed institutions like Bharathiar University and Chinmaya Vidyalaya. IT firms like Redfox Web Design Company and  Technoduce Info Solutions Pvt Ltd enhance the area's appeal, making it a fast-developing region.

Thudiyalur

Thudiyalur is a rapidly growing area that offers a diverse range of properties, including plots, independent houses, villas, and multistory buildings. Located 10 km from Town Hall, it has strong connectivity via NH 181, Thudiyalur railway station, and frequent bus services. 

The area hosts major industries like Texmo, IT parks like KCT Tech Park, institutions like Sri Ramakrishna Engineering College, and key healthcare centres, including Venugopal Hospital. With markets, shopping malls, temples, and upcoming infrastructure like a planned flyover, Thudiyalur is a thriving residential and commercial hub in Coimbatore.

Veerakeralam

Veerakeralam, a rapidly expanding residential area within the city's corporation limits, provides a blend of urban convenience and natural surroundings. 

It is surrounded by prominent areas, including Vadavalli, PN Pudur, and Selvapuram North. It hosts educational institutions like PSG High School and UnSchool, while healthcare facilities include Sivashanta Mother and Child Care. With an average property rate of Rs. 3,200 per sq ft, Veerakeralam is an emerging real estate hub.

Vilankurichi

Vilankurichi is a prime locality that offers housing at an average rate of Rs. 6,500 per sq. ft. It has excellent connectivity via Saravanampatti-Kalapatti Road, Kalpatti Main Road, and Coimbatore International Airport. 

The area is close to employment hubs like Tidel Park, which attracts IT professionals. For shopping and entertainment, it includes Prozone Mall, Fun Republic, and Brookfields Mall, which are within reach. It also boasts schools like DOBBS Public School and hospitals like Ashwin Hospital, making it a perfect spot for property investment in Coimbatore.

Saravanampatti

Saravanampatti is a rapidly growing area that emerged as the "IT Corridor of Coimbatore," with major companies like Cognizant and Bosch attracting professionals and boosting real estate demand. 

The area is well-connected via NH-948, Sathy Road, and CThudiyalur-Saravanampatti Road. Key amenities include Prozone Mall, reputed schools like Little Elly Pre School, and hospitals like KG Speciality Hospital. 

Situated 11 km from Coimbatore Junction and the airport, Saravanampatti has an average property rate of Rs. 5,000 per sq ft, making it a prime investment destination.

Singanallur

Singanallur, a rapidly growing suburb, offers ready-to-move apartments, villas and residential plots. It offers excellent connectivity to major areas like Peelamedu Uppilipalayam, SIHS Colony, and Kallimadai. 

The area is home to renowned educational institutions like K.S.G. College of Arts and Science and Sri Jayendra Saraswathy Maha Vidyalaya. Healthcare facilities include Vela Hospital and Govt Medical College & ESI Hospital. Shopping destinations like Prozone Mall and Brookefields Mall enhance convenience. Prominent IT office hubs like Tidel Park and ELCOT IT Park are within easy reach.

With an average property rate of Rs. 6,550, Singanallur has become a sought-after location for families and professionals.

Prominent Real Estate Projects in Coimbatore

1: RR Harmony in Saibaba Colony

Address	RR Harmony, Ganapathy Layout, Chinnammal Street KK Pudur, Saibaba Colony, Coimbatore 641038
Price	Rs. 1.1 Crore - Rs. 1.2 Crore
Possession	Ready to Move
BHK	3
Super Built-Up Area	1610 Sq Ft - 1615 Sq Ft
No. of Units	52
No. of Towers	1
No. of Floors	5

RR Harmony in Saibaba Colony is a premium residential project by RR Promoters that features spacious 3 BHK apartments intended for comfort and modern living. 

Spanning 0.74 acres, the project features an open-view layout, contemporary interiors, and top-tier amenities, including a multipurpose play court, jogging track, yoga room, and a themed landscape garden. Residents enjoy conveniences like a society office, a senior citizen sitting area, and 24/7 security. 

Notable schools like Lisieux Matriculation HSS and Angappa Senior Secondary School are nearby, ensuring quality education access. Healthcare facilities like Ganga Hospital and Shri Hari Hospital provide essential medical support. 

Shopping hubs like Amesha Complex and Vathra Shopping Center cater to daily needs, while dining options such as Gardee Restaurant and Balle Balle offer diverse culinary experiences.

2: RR Poonthalir in Veerakeralam

Address	RR Poonthalir, Thondamuthur Road, Chandrakala Nagar, Veerakeralam, Coimbatore 641007
Price	Rs. 50 Lakh - Rs. 70 Lakh
Possession	Ready to Move
BHK	2
Super Built-Up Area	845 Sq Ft - 1075 Sq Ft
No. of Units	30
No. of Towers	1
No. of Floors	5

RR Poonthalir in Veerakeralam offers a blend of modern amenities and serene living that spans 0.2 acres. Developed by RR Housing, the project features open-view apartments with aesthetic interiors and top-notch infrastructure. 

The project also includes amenities like a gymnasium, clubhouse, multipurpose hall, themed landscape gardens, and a jogging track, ensuring a well-rounded lifestyle for residents.

Schools like Yuvabharathi Public School and Vishwankar Junior School are nearby, ensuring quality education access. Healthcare facilities such as Mowthi Nursing Home and Baalaje Hospital offer excellent medical services. 

Shopping needs are met with Harini Arcade Shopping Complex and Joel Stores, while dining options include Priyadharshini Hotel and Amo Family Restaurant, ensuring a well-connected lifestyle.

3: Mayflower East Gate in Avinashi Main Road

Address	Mayflower East Gate, Near GS Home, Codissa Road, Avinashi Main Road, Coimbatore 641004
Price	Rs. 1.05 Crore - Rs. 1.35 Crore
Possession	30 December 2026
BHK	2, 3
Super Built-Up Area	1420 Sq Ft - 1810 Sq Ft
No. of Units	42
No. of Towers	1
No. of Floors	9

Mayflower East Gate, developed by Mayflower Enterprises, is an elegantly designed residential project that seamlessly blends modern architecture with functional living spaces. Spanning 0.55 acres, the project offers spacious 2 and 3 BHK apartments with signature designs, grand elevations, and top-notch amenities. 

Residents enjoy a gym, jogging track, multipurpose play court, indoor games, meditation zone, and clubhouse. The project also features rainwater harvesting, a themed landscape garden, a drip irrigation system, and an organic waste converter.

Nearby educational institutions include PSG Public Schools and Kovai Vidya Mandhir School, which ensure quality education. Shopping options include Lulu Hypermarket Coimbatore and Fun Republic Mall, while PSG Hospital and Kovai Medical Center offer healthcare needs. Dining choices like Hotel Junior Kuppanna and Kannappa add to the convenience, making Mayflower East Gate an ideal urban living space.

4: Sree Daksha Lucien in Vadavalli

Address	Sree Daksha Lucien, Vadavalli-Thondamuthur Road, Lakshmi Nagar, Vadavalli, Coimbatore 641046
Price	Rs. 75 Lakh - Rs. 1.05 Crore
Possession	Ready to Move
BHK	2, 3
Super Built-Up Area	1120 Sq Ft - 1430 Sq Ft
No. of Units	72
No. of Towers	1
No. of Floors	5

Sree Daksha Lucien in Vadavalli is a mid-range residential project offering comfortable living across a well-planned 0.5-acre space. Developed by Sree Daksha Property Developers, the project features open-view apartments with modern interiors and various lifestyle amenities. 

Residents can access a gymnasium, jogging and cycle tracks, a meditation zone, and indoor games. With Vastu-compliant designs and eco-friendly features like a drip irrigation system, Sree Daksha Lucien ensures a contemporary and sustainable living experience.

The project is close to Sri Ragavendra Vidyalaya and Chidvikas VidyaMandir schools, while Baalaje Hospital and Sree Subiksha Hospital provide healthcare support. 

Shopping is convenient with options like Harini Arcade Shopping Complex and Sri Velavan Complex. Pizza Paradise and Salkara Family Restaurant offer diverse cuisine options for dining, making it the perfect choice for homebuyers seeking an unparalleled blend of luxury and convenience.

5: Town Delta City in Vilankurichi

Address	Town Delta City, Thanneer Pandhal Road, Near Block 7, Vilankurichi, Coimbatore 641004
Price	Rs. 20 Lakh - Rs. 50 Lakh
Possession	30 July 2028
BHK	1, 2
Super Built-Up Area	580 Sq Ft - 1100 Sq Ft
No. of Units	80
No. of Towers	1
No. of Floors	5

Town Delta City by Town & City Developers offers a contemporary living experience in Vilankurichi. Spanning 0.5 acres, this residential project features open-view apartments with modern interiors and smart home specifications. 

Residents enjoy amenities like a community club, jogging and cycle tracks, a children's play zone, and a senior citizen sitting area. For the safety of the residents, it includes 4/7 security, CCTV surveillance, and a fire fighting system to ensure a secure living environment.

The project is close to Vidhya Niketan School and Lisieux CMI Public School, while healthcare facilities like Vimal Jyothi Hospital and Sree Andal Hospital are nearby. Shopping destinations include Lifestyle Stores and VB Complex, with dining options such as Thirupathi Restaurant and Curry Garden Family Restaurant, adding convenience for residents.