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Property registrations up in Coimbatore

Posted on Apr 28, 2016
Summary: It indicates revival in real estate and property sectorsThe number of property registrations in Coimbatore in the last one year indicates revival in the real estate and property sectors. In terms of revenue, though the realisation is lower than the target, it is more than last year in Coimbatore and Coimbatore zone. According to JLL India, it is a buyers market now and there is difference between the quoted price and the market price in several places. In the case of Coimbatore zone, the number of documents registered went by up 5.8 per cent last year compared to 2014-2015. Rajesh Lund, president of Confederation of Real Estate Developers Association of India (CREDAI) – Coimbatore, said there are good enquiries and many of these are getting converted into sales too.

It indicates revival in real estate and property sectors The number of property registrations in Coimbatore in the last one year indicates revival in the real estate and property sectors. According to data available with the registration department, the number of documents registered in Coimbatore increased by nearly six per cent in 2015-2016 compared to the previous year. In the case of Coimbatore zone, the number of documents registered went by up 5.8 per cent last year compared to 2014-2015. In terms of revenue, though the realisation is lower than the target, it is more than last year in Coimbatore and Coimbatore zone. Rajesh Lund, president of Confederation of Real Estate Developers Association of India (CREDAI) – Coimbatore, said there are good enquiries and many of these are getting converted into sales too. Even compared to the October-December quarter, the last three months of the 2015-2016 financial year were better.

Several promoters are now looking at low cost housing and are studying ways to make the buildings efficient and control the prices. There is a good demand for such projects and there are several incentives too, he said. According to JLL India, it is a buyers market now and there is difference between the quoted price and the market price in several places. The registrations are more for villas and apartment units within the city.
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Time to invest in real estate in Coimbatore

Posted on Jan 15, 2016
The textile city of Coimbatore is one of the 10 cities in the country that offers low budget real estate investment opportunities, according to a study by real estate firm Jones Lang Lasalle (JLL).The study looked at places where residential properties within the budget range of Rs. 30 lakh to Rs. 50 lakh are available, and are classified either em ...
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Proposals for apartment bldgs fall 50%

Posted on Feb 16, 2015
COIMBATORE: To a resident of Coimbatore, it may seem like every other bungalow is making way for an apartment complex but according to documents from the Local Planning Authority (LPA) there has been a drop in the number of applications for approval for multistoreyed and commercial buildings in the 2014-15 financial year compared to previous years. ...
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Coimbatore sees boom in homes for elders

Posted on Dec 23, 2014
COIMBATORE: The textile city has become a paradise for retirees with development of properties exclusively for senior citizens reaching a peak. As many as 14 projects involving nearly 3,000 dwelling units like apartments, town houses and villas for senior citizens are either under construction or are all set for launch soon in Coimbatore, making it ...
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Is it right to invest in tier II cities?

Posted on Oct 17, 2013
When a dejected Utpal Srivastava, a white collar professional working in Delhi, could not afford his dream abode in East Delhis Mayur Vihar and invested in a 2BHK housing unit in his hometown Raipur instead, he didnt realise hed hit the jackpot. The said property, bought in 2010 “for a pittance” has appreciated almost 70 per cent in three years ...
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Provident Housing enters Coimbatore city with 'Provident Greenpark' project

Posted on Jul 11, 2013
Provident Housing, a wholly- owned subsidiary of real estate developer Puravankara Projects has launched 'premium affordable' homes in the city. The township, spread across nine acres, is located at Selvapuram in the city, Jackbastian K Nazareth, Group CEO, told reporters here. The 560-unit project is equipped with modern amenities such as swimming ...
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First villa project in Coimbatore to be ready by April 2015

Posted on Jul 05, 2013
Real estate developer Casa Grande on Wednesday announced launch of a residential project of 79 luxury villas and 32 apartments here.      Villas at 'Casa Grande Eternia' are priced between Rs 67 lakh to Rs 1.2 crore, while the apartments range from Rs 21 lakh onwards.The project would be ready for occupancy by April 2015, M ...
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Realtors are pouring big money into homes for retired people

Posted on Feb 27, 2013
Vasant Kumar Nair bought a retirement home in Rajasthan about seven years ago, but initially was not entirely convinced he could live there after he retired. The housing complex in Bhiwadi had just a few families living there and the town was not completely developed. But after Nair's children grew up and moved out, he and his wife found themselves ...
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Puravankara to launch 8 new projects

Posted on Dec 07, 2012
Bangalore-based Puravankara Group has plans to launch 8 new residential projects in Bangalore and Chennai over the next 6-7 months. The total developable area is about 5.86 million sq. ft. The projects will target the mid-income and high-end segments.AshishPuravankara, JMD, Puravankara Group, said, “South continues to be a steady market in terms of ...
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Kamat Hotels to revamp operations; plan to sell 3 land parcels

Posted on Nov 02, 2012
Kamat Hotels India, the hospitality chain that runs The Orchid Hotel, is restructuring its business operations. It is planning to sell three land parcels and adopt the franchisee route for expansion.The move comes even as lenders are considering restructuring the Mumbai-based companys debt aggregating Rs 435 crore.According to Vikram Kamat, Execut ...
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Amid slowdown, banks look at tier II, III cities to grow home loan book

Posted on Sep 24, 2012
As home and auto loan markets get saturated in the creamy layer Tier 1 metro cities, banks are looking at the Tier II and Tier III cities for expansion. The country's largest mortgage lender, HDFC is looking at Tier II and Tier III cities for growing its home loan book. The top management (Deepak Parekh, Keki Mistry and Renu Karnad) of the company ...
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Tata Realty to float funds to create mall chain

Posted on Sep 14, 2012
Tata Realty and Infrastructure Ltd (TRIL) will float domestic and overseas funds to acquire and build malls to create a mall chain.It is keen on expanding its Trilium mall brand as a chain of a dozen malls in large and small cities over the next three years.Cyrus Engineer, Head – Sales & Marketing, TRIL, said the company is planning a domestic ...
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Covai Senior Care Constructions to invest $104 million in senior housing projects

Posted on Sep 10, 2012
Demand for retirement villas and apartments continue to grow in India and one developer who has spotted that niche is Covai Senior Care Constructions of Coimbatore, India. The firm announced it is investing $104 million (Rs 500 crore) over the next three years on the construction of dwellings for retired senior citizens in south India.P B Anand, di ...
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Casa Grande launches signature villas at Perungudi in Chennai

Posted on Aug 28, 2012
Casa Grande, one of the fastest growing property development company in Chennai, has recently launched Casa Grande Auburn signature villa project at Perungudi, a southern industrial — residential hub of the city, and located at the beginning of OMR, Chennais IT Corridor.The project offers 25 signature villas with all lifestyle amenities including ...
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Essel Group’s Fun Republic mall to open in Coimbatore this month

Posted on Aug 28, 2012
Coimbatore is bracing itself for the formal opening of the second mall in the city -- Fun Republic -- from E-City Ventures of the Essel Group. The group straddles across different industrial spectrums -- media, entertainment, technology, infrastructure etc.Located on Avinashi road in Peelamedu area in the city amid a cluster of educational institut ...
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Bangalore seeing appreciation along Namma Metro

Posted on Aug 25, 2012
The under-construction Namma metro in Bangalore has already become an asset of the city. The metro is being hugely in discussion and end-users, developers, realtors are hoping an eye on it. The property market has already witnessed progressive trends along the upcoming metro route. According to Ashwin Raghvengra, property consultant at Shanders Pro ...
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Builders protest rise in sand, cement prices

Posted on Aug 25, 2012
Over 500 people including builders and workers participated in the protest rally by Builders Association of India to voice their disapproval over the soaring prices of cement and sand in the state.Five associations including Confederation of Real Estate Developers Association, Indian Institute of Architects, Association of Licensed Building Surveyo ...
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Developers focussing on amenities to attract Chennai buyers: JLL

Posted on Aug 17, 2012
In order to attract home-buyers in Chennai, who are seen as conservative, developers are planning several township projects with a host of amenities in the coming months, says a report released by property consultancy firm Jones Lang LaSalle India."There has, so far, been no scope for the growth of large-sized township projects within the city. Che ...
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Evocon unveils ‘Space Aura’ project at Navalur, Chennai

Posted on Aug 17, 2012
Evocon, a group company of Chennai-based VIP Housing, has recently lau¬nched Space Aura, a resi¬dential apartment project at Navalur, OMR, Chennais IT corridor. The project coming up on 1.17 acres will offer 76 ‘stylish and luxurious resi¬dential apartments. Residential apartments comprising 2BHKs and 3BHKs come in sizes ranging between 854 sq ft ...
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Coimbatore growing on the back of commercialisation

Posted on Aug 14, 2012
Coimbatore is witnessing enhanced demand and supply in both residential as well as, commercial sectors these days. A large number of residential projects have been launched in the city since the last few months and many more are in the pipeline. According to R Govindam from Govindam Properties, “The expanding commercial sector, primarily driven by ...
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