Introduction
With the government’s constant support and schemes
along with people’s buying capacity, the real estate industry has witnessed a
boom over the last decade. Real estate sector in India is expected to reach a
market size of US$ US$ 1 trillion by 2030 from US$ 120 billion in 2017 and
contribute 13 per cent of the country’s GDP by 2025. Retail, hospitality and
commercial real estate are also growing significantly, providing the
much-needed infrastructure for India’s growing needs.
Sectors such as IT and ITeS, retail, consulting and
e-commerce have registered high demand for office space in recent times.
Commercial office stock in India is expected to cross 600 million square feet
by 2018 end while office space leasing in the top eight cities is expected to
cross 100 million square feet during 2018–20. Gross office absorption in top
Indian cities has increased 26 per cent year-on-year to 36.4 million square
feet between Jan-Sep 2018. Co-working space across top seven cities has
increased sharply in 2018 (up to September), reaching 3.44 million square feet,
compared to 1.11 million square feet for the same period in 2017.
Investments/Developments
The
Indian real
estate sector has witnessed high growth in recent times with the rise in
demand for office as well as residential spaces. Private Equity and Venture
Capital investments in the sector have reached US$ 4.1 billion between Jan-Nov
2018. Private Equity and Venture Capital investments in the sector have reached
US$ 4.1 billion between Jan-Nov 2018. Institutional investments in India’s real
estate are expected to reach US$ 5.5 billion for 2018, the highest in a decade.
According to data released by Department of Industrial
Policy and Promotion (DIPP), the construction development sector in India has
received Foreign Direct Investment (FDI) equity inflows to the tune of US$
24.87 billion in the period April 2000-June 2018.
Some of the major investments and developments in this
sector are as follows:
- New
housing launches across top seven cities in India are expected to increase
32 per cent year-on-year by 2018 end to 193,600 units.
- In
September 2018, Embassy Office Parks announced that it would raise around
Rs 52 billion (US$ 775.66 million) through India’s first Real Estate
Investment Trust (REIT) listing.
- New
housing launches across top seven cities in India increased 50 per cent
quarter-on-quarter in April-June 2018.
- In
May 2018, Blackstone Group acquired One Indiabulls in Chennai from
Indiabulls Real Estate for around Rs 900 crore (US$ 136.9 million).
- In
February 2018, DLF bought 11.76 acres of land for Rs 15 billion (US$ 231.7
million) for its expansion in Gurugram, Haryana.
Road Ahead
The Securities and Exchange Board of India (SEBI) has
given its approval for the Real Estate Investment Trust (REIT) platform which
will help in allowing all kinds of investors to invest in the Indian real
estate market. It would create an opportunity worth Rs 1.25 trillion (US$ 19.65
billion) in the Indian market over the years. Responding to an increasingly
well-informed consumer base and, bearing in mind the aspect of globalisation,
Indian real estate developers have shifted gears and accepted fresh challenges.
The most marked change has been the shift from family owned businesses to that
of professionally managed ones.
Real estate
developers, in meeting the growing need for managing multiple projects
across cities, are also investing in centralised processes to source material
and organise manpower and hiring qualified professionals in areas like project
management, architecture and engineering.
The growing flow of FDI into Indian real estate is
encouraging increased transparency. Developers, in order to attract funding,
have revamped their accounting and management systems to meet due diligence
standards.
Real estate sector in India is
expected to reach US$ 650 billion and its share in India’s Gross Domestic
Product (GDP) is projected increase to 17 per cent by 2040. Emergence of
nuclear families, rapid urbanisation and rising household income are likely to
remain the key drivers for growth in all spheres of real estate, including
residential, commercial and retail. Rapid urbanisation in the country is pushing
the growth of real estate. More than 70 per cent of India’s GDP will be
contributed by the urban areas by 2020.
About Coimbatore
and the best places to buy an Apartment here…
Do you know Coimbatore is one of the fastest growing
tier II cities in India? Yes, according to a recent survey the city offers
immense opportunities to the striving, fast-moving Indian. The city has started
growing fast in recent times and is now considered as an Industrial hub. It is
known for its textile industries, cotton material manufacturing, software
industries, and BPO outfits as well as auto-parts industries. Many economic
developments in the south are directly associated with this city. The second
largest city in Tamil Nadu, it attracts businesses, entrepreneurs, investors
& working professionals from all over the country.
The city has got its 8th position among the first batch
of the 20 smart cities in terms of implementing and completing projects under
the smart city mission. Chennai is at the 17th position.
Many have the opinion that Coimbatore would be
considered as the smartest City in India shortly.
Moreover, the city has a pleasant climate pretty all
throughout the year excluding the summer season. This pleasant climate is the
main attraction and gives a badge of pride for the city.
When comparing Coimbatore and Chennai, mid-career
people always prefer Coimbatore. In the latter one we can expect good growth
but have to sacrifice with its year-round sultry weather.
One more interesting fact about the city is its
centralized location. Most of the people prefer a life in Coimbatore. Why? It
is centered in the middle of some major cities like including Chennai,
Bangalore and Kerala. One can easily reach those locations within 8 to 9 hours.
Coimbatore has so much to explore around. There are
many temples, malls, waterfalls, and many more.
- Brookfields Mall- a lot of stores to shop from.
- Fun Mall — again shopping
- Prozone mall- more shopping
- Marudamalai temple- divinity
- Isha yoga centre- peace
- Kovai Kutralam- cold water
- Thirumoorthi Hills- divinity and falls
- Ooty- just a few hours travel and reach the best place
to explore
Which is the best place to buy apartments in
Coimbatore?
Due to its economic progress and owing to its selection
as a soon-to-be-developed ‘smart city’, Coimbatore’s real estate prospects have
also rapidly developed, and one can now find a plethora of
apartments and gated
communities in Coimbatore to cater to every requirement and budget.
While the city offers many luxury apartments in
Coimbatore as well as villas and bungalows, living in the city comes with its
fair share of drawbacks. To those looking for something off the beaten path,
the kalapetti area is proving to be the best place to
buy apartments in Coimbatore.
With the presence of many reputed schools, colleges,
institutions, banks, supermarkets and banks it is far from a typical
‘small-town’. In fact, it is the ideal place to live and develop a healthy,
balanced lifestyle.
Why are we giving most importance to Kalapatti?
There are also some places in Coimbatore like R.S.
Puram, Avinashi Road, and Race Course are too costly to spend in buying home if
your looking in a budget level then investing your money places like Avinashi
Road, Saravanampatti, Mettupalayam, Kalapatti textile city Coimbatore would be
more profitable.
So Kalapatti is one of the places which we would prefer
to invest money to
buy an
Apartment or to live in a rented Apartment. Most of the people wish to buy
2 BHK apartments and
3 BHK apartments in this
area , as it is near to Coimbatore airport.
Kalapatti is a pleasant place and a fastest growing
area in Coimbatore.
Famous IT companies like KGISL, Cognizant and Angler
technologies located near to Kalapatti.
Talking about the road transport this location is well
connected the major highways Sathy road and Avinashi road at SITRA junction and
most of them use this road to reach Ooty.
Third most good about this place is it is far near to
International Airport you can reach in Minutes without facing heavy traffics.
Talking about Famous Schools and Colleges two
high-quality International schools which includes NGP International schools and
Anan kids academy are here. Few of the famous colleges are Park Global College,
PSG Arts college, Dr N.G.P Arts and science college and Suguna polytechnic
institutions.
Multi-speciality hospitals named KMCH, Aravind Eye
hospital and Lotus Eye Hospital are available near Kalapatti road.
Famous Restaurants may be Chillum cafe, Curry factory
and 10 Downing street. Lots of famous restaurants and coffee shops are
available near Kalapatti road where you can grab a bite of your favourite dish
and sip a coffee with your family.
For entertainment you can visit Prozone Mall and the
Fun Republic mall is located near to Kalapatti with your Family.
So these are some benefits to this location.
And the demand for property in this location is much
high and also the resale value of this property will also be a good investment
in return.
Most of the famous builders are located here on
Kalapatti to satisfy their customers’ demands. Few apartments that are in the
area includes Mount Rain Drop, Shukran Villa Park, Omsai Villa Park, Omsai
Villa Park,
KR
Villa Park,
Mahalakshmi
Garden and Maple Garden.
Mount
Raindrop — Coimbatore’s Largest
Green
Home Community is a signature luxury project from
Mount Housing. What makes every
home at Raindrop a stunning success is its artful incorporation of nature’s
elements and aesthetic, architectural genius, seamlessly blended with a host of
superior amenities. So be it an exclusive 10x10 feet botanical balcony featuring
drip irrigation, a lush-green 50% open area across the project or refreshing
springs, water spouts, magical fountains, every home at
Raindrop is a perfect
blend of eternal luxury, comfort and delightful enchantment.
Another best place to buy apartments at Coimbatore is
Peelamedu. A number of projects are coming up within a few km radius of hope
college junction. This area is quite near to nice schools, colleges, healthcare
institutes, malls, shopping areas etc. Reputed builders are offering apartments
here, and many are ready to occupy. Cost is also reasonable.
Next time when you are planning to buy an apartment in
India thinks about buying one in Coimbatore.
