Making Sense of the Villa Market in Coimbatore

The Smart city initiative of the Government of India has had a significant impact on the Indian real estate market, especially in the first 20 cities that are going to be developed initially. This list includes Coimbatore. There are several factors that make a city ‘smart,’ such as adequate water supply, housing for every economic category of the society, uninterrupted electricity supply, IT connectivity, digitization, health and education, sustainable environment, sanitation, waste management, efficient urban mobility, availability of public transport, safety and security of women, children and elderly, and particularly good governance.

Coimbatore is among those few cities that qualify to an extent on the parameters of a smart city and this is also a reason for the rapid development of real estate sector in and around the city. The commercial activities in the city have diversified beyond the traditional textile industry to incorporate general engineering, automobile parts, manufacturing, and IT. The real estate sector here was driven by small commercial developments, local businesses, high street retail, and individual houses. But after the emergence of the IT and other modern sectors, real estate is being driven by organized retail development. It has also raised the overall cost of property in the region but it is still not as high as other metros like Mumbai and Delhi.

Such developments have also given a boost to the villa market in the city. Many major builders are targeting the upper class by offering them theme-based, fully-furnished luxury villas. These villas usually have all the amenities and luxuries that one can ask for in a modern home. A large number of these villas are also located in gated communities, improving security and services considerably.

Locations such as Avinashi road, Trichy road, Saravanampatty, Race Course, Gonapathy, and Vadavalli are the prime areas of the city that are witnessing rapid development in terms of the capital appreciation in the recent years. The same applies to the villa market as major developments in the IT and commercial sector has given the builders a chance to build luxury villas for the high-end home seekers and investors. Most individuals who prefer such villas are CEOs or senior executives of major corporates but the clientele is expanding to include young entrepreneurs and new families. Infrastructure development projects like Gandhipuram Flyover, Ring road, Eastern Bypass, Western Bypass, Airport Expansion, and Bus Rapid Transition System can be considered as major stimulating factors for both the development of the city and the real estate sector.

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Fast and Efficient Ways of Finding an Apartment in Kovaipudur City

It is not easy to buy an apartment in a country like India where finding a good property feels like a race against time. In the southern part of the country, the development of the real estate sector is on the rise and Kovaipudur, a region in Coimbatore, is developing rapidly. This is because the real estate sector in Coimbatore and surrounding region has extended its reach making the area viable for people looking to invest or buy a home.

Finding an apartment in such a place is never easy but it can be eased if you follow certain steps. Some fast and easy ways to find an apartment in Kovaipudur city are mentioned here.

Define a Budget: This is one of the most important aspects of finding an apartment. A good decision here will save you from having to approach multiple builders and real estate agents or even going to multiple sites. Having a clear idea of your spending capacity in relation to your present and future needs helps you to allocate your hard-earned money wisely. Defining a budget also helps you to have a clear idea about the facilities in a particular society. By doing that, you can look for the features that you need in your apartment instead of trying to balance numbers in your head.

Keep the Bigger Picture in Mind: You should not just pay attention particularly to the beauty of the interiors and the features of the apartment. Keeping a bigger picture in mind helps you to get the maximum out of your investment. You should check the status of the neighborhood, connectivity with emergency and medical facilities, water and power supply, shopping malls, markets, and definitely travel time and accessibility to your workplace. By checking the connectivity with all of these essential elements will save you a lot of time and money on a daily basis after you move in. Also, it will make your apartment a performing asset.

Narrow the Area of Search: Narrowing down the area of search will greatly help you locate an apartment quickly. Prioritizing your requirements is the best way to do that. You do not have to look for everything that is available. You just have to ensure that the things you need are available. Anything over and above that is a bonus. You can take pictures and ask questions from the builder or owner about the various items you have enlisted as your top priorities.

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