India's Top 10 Property Destinations - Page 7

India's Top 10 Property Destinations

By siliconindia   |   Wednesday, March 14, 2012   |    18 Comments

8) Coimbatore:

The second largest city of Tamil Nadu is mainly flourished due to commercial industries. Coimbatore is mainly driven by the textile industry followed by software services, education and healthcare that leads to the growth in real estate market.

The growth pattern of the city is likely to change because of several planned infrastructure and commercial projects. Nangpal of DTZ cited that “The region currently has two operational SEZs. Five more are expected to become operational over the next three years. The new SEZs will generate employment and bring migrant population. This is expected to boost real estate growth in the city”, reports Business Today.

Himadri Mayank, Senior Manager, research and real estate intelligence service, Jones Lang LaSalle India said that, Coimbatore is known for its industries which have become one of the favorite hot spot for the IT industries.

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