Coimbatore’s property sector is seeing a fresh surge in demand as it emerges as a hub for warehouses and with an increasing number of “Coimbatore-made” Information Technology (IT) companies.
Gugan Ilango, president of Confederation of Real Estate Developers’ Associations of India (CREDAI), Coimbatore, says the Coimbatore-Palakkad road, especially the Coimbatore bypass, is becoming the preferred destination for warehouses. Since many jobs are generated at the warehouses, there is a huge demand for affordable housing in this area. Further, with many Coimbatore-based IT companies growing, there is a demand for residential units. Apart from these, even large brands are aiming at developing co-working spaces in Coimbatore.
