Coimbatore, a city recognised for its industrial capabilities, is seeing a strong growth in both the residential and commercial real estate markets.
Rapid growth is due to the rapid expansion of the IT industry in the city, which has shaped real estate values and its market. The emergence of IT parks has further solidified Coimbatore’s position as a technology hub and fueled the demand for office space and a stronger economy.
In this blog, we will examine the IT boom, which, along with other factors, has transformed the real estate market in Coimbatore South- specifically, changes in real estate values and investment hotspots in the commercial real estate market over perhaps the next five years. So, let’s get started!
Coimbatore South: A Nexus of Commercial Real Estate Expansion
- Economic and Industrial Growth
The employment of Coimbatore is primarily industrial, with its manufacturing base, particularly thriving in textiles, engineering, and IT, resulting in a corresponding demand for commercial properties.
The additional influx of professionals moving to Coimbatore to work has enhanced demand for offices and business districts; hence, Coimbatore South has emerged as a hot zone for demand on commercial property. Future developments such as the Metro Rail and Western Bypass will improve connectivity and interest in real estate.
- New Commercial Hubs
Areas like Saravanampatti, Peelamedu, and RS Puram are emerging as the new hot spots for commercial real estate activity. Saravanampatti, especially in Coimbatore South, is an area known as the IT hub, with an expansion of tech companies and ease of start-up venues. IT parks and business centers in the areas enhance demand for commercial property.
- Saravanampatti: The IT and Technology Hub in Coimbatore South
Saravanampatti has become the gem of the commercial real estate market in Coimbatore South. This area has seen explosive growth in IT infrastructure developments, numerous technology parks, and multispecialty commercial complexes. Some of the major highlights are:
- Large IT park with modern workspaces
- Adjacent to educational institutions
- Appealing to domestic and international technology firms
- Singanallur: The Industrial and Logistics Centre
Singanallur is a central commercial area that connects industrial needs to new real estate solutions that have the benefit of:
- Strategic positioning of highways and access roads enhances commercial real estate growth.
- Extensive industrial parks, well-designed warehousing, and logistics
- Peelamedu: An Education and Commercial Interface
Peelamedu has developed into a unique commercial ecology of educational institutions and appropriate commercial infrastructure. Notable features that enhance commercial real estate growth are as follows:
- Availability of renowned academic facilities
- New mixed-use commercial areas that serve students as well as businesses and professionals
- Expanding retail and service-oriented commercial activity
- Existence of infrastructure/economy to support knowledge-based industries
L&T Bypass: Revamping the Commercial Landscape of Coimbatore South
The L&T Bypass has emerged as a game-changing corridor in the commercial real estate ecosystem in Coimbatore South due to its optimal location and thorough infrastructural development.
The key arterial road that traverses through the southern stretch of Coimbatore has attracted businesses, investors, and developers, differentiating itself through connectivity potential and growth opportunities.
The bypass maximises connectivity between southern industrial zones, educational centers, and economic corridors. The L&T Bypass is more than a transportation route; it is an impactful catalyst, inducing the commercial real estate development of the overall region.
- Links prominent industrial zones in Coimbatore South
- Close to the technology precincts of Saravanampatti and Peelamedu
- Direct access to Coimbatore International Airport
- Custom-built IT and technology parks
- High potential for long-term capital growth
3. Rental Yield and Financial Appeal
The Coimbatore South area is becoming increasingly attractive to investors who appreciate the phenomenally high rental yields between 6% to 8%. The area’s attractive returns can be attributable to the development of high-quality IT parks, technology corridors, and new mixed-use projects.
Certain parts of Coimbatore South, such as Saravanampatti, Peelamedu, and the L&T Bypass corridor, have seen rapid commercial real estate growth and are offering investors multiple and compelling investment opportunities.
4. Infrastructure & Urban Development
The changing landscape of urban change in Coimbatore South is driven by smart government policies and forward-thinking urban design strategies. The Tamil Nadu government’s Smart City Mission and targeted development strategies have improved infrastructure, facilitated investment, and created an enticing context for new commercial real estate growth. These interventions improved physical infrastructure as well as the appropriate mechanisms for urban sustainability.
5. National Highways: Catalysing Commercial Real Estate Growth in Coimbatore South
The strategic positioning of National Highway 944 (previously referred to as NH-209) and its connectivity to NH-83 have begun to act as a differentiator in Coimbatore South’s commercial real estate environment.
As an important transportation corridor connecting Coimbatore to several industrial and economic centres, this location has appreciably improved access and economic value in the area.
The highway runs through several commercial nodes, including Saravanampatti, L&T Bypass, and Singanallur, generating a significant ripple effect in enhancing commercial real estate growth in Coimbatore South.
Businesses are now attracted to areas along this highway as logistics are improved, lowering transportation costs and increasing connectivity to large manufacturing and technology hubs in Tamil Nadu and neighbouring states.
G Square City 2.0 – Premium Villa Plots on L&T Bypass Road, Coimbatore Awaits You!
G Square City 2.0 is located along the Coimbatore L&T Bypass. Featuring luxury villa plots, developed as a Smart City, it is an excellent opportunity for villa-constructing families. G Square City 2.0 includes modern living and world-class amenities, situated within a peaceful and secure community, surrounded by a 109-acre expanse with 1688 units.
- First integrated Smart City of Tamil Nadu
- The prime location of Coimbatore (L&T) Bypass Road
- 1688 villa plots available on 109 acres
- Plot sizes range from 1.15 to 10.85 cents
- 240 world-class amenities, including a helipad and drive-in theatre
- DTCP-approved plots
With an unparalleled location advantage, high-quality features, and a safe neighborhood, G Square City 2.0 is the ideal option for potential investors in Coimbatore.
If you want to build a home of your dreams, or just invest for solid returns, this is the opportunity you have been looking for. Schedule a site visit to see what the project offers! If you would like more information and want to arrange a free site visit, contact us today!
FAQs
- Why is Coimbatore South a good option for commercial real estate investing?
Coimbatore’s strong economic growth, location, and developing infrastructure make it an appealing destination for commercial real estate investing.
- What regions in Coimbatore South are good for investing in real estate?
Areas such as Peelamedu, L&T Bypass Road, and Saravanampatti are emerging as destinations for investing in commercial real estate due to their access and economic activity
- What amenities are available in G Square City 2.0?
G Square City 2.0 features more than 240 world-class amenities, including interesting public features, such as a helipad, a drive-in theatre, and science-themed amenities, to enjoy luxury living.
