11-03-2022

Category: Real-Estates

Author: Srivari

Coimbatore Becoming An Investment Hub

Coimbatore is one of India’s fastest growing metros, and it is no surprise that it is becoming a major investment hub. The city has a highly diversified economy, and it is a renowned manufacturing centre. In the recent years, Coimbatore has witnessed a huge inflow of investment in real estate, and its rapid infrastructural development is the reason for that.

Here are some of the highlights of Coimbatore’s development trajectory:

Steady economic development

Coimbatore has a revenue growth rate of 65%, which is more than twice the growth rate of all of India (30%). As per the Indian city survey conducted by India Today in 2014, Coimbatore was ranked the best emerging city in the country.

Major sectors of growth

Manufacturing:Coimbatore has a thriving manufacturing industry. Some of the leading manufacturing sectors in the region are automotive, motors and pumps, wet grinders and jewellery.

IT: Coimbatore is being hailed as the next software and IT hub in India. Some of the big corporate names that have a strong presence in Coimbatore are Aditi Technologies, Cognizant Technology Solutions, Wipro,FORD, Robert Bosch GmbH, IBM, Tata Consultancy Services, Tata Elxsi, Dell, CSS Corp, and KGISL. Coimbatore is also known as a BPO hub.

Textiles: A major textile hub, Coimbatore has more than 17% of India’s textile mills.

Food: Coimbatore has a large number of poultry farms and is one of the leading producers of chicken eggs and meat in the country. The city is also home to the oldest flour mills in India.

Smart City

Coimbatore has been selected as one among the 100 cities as part of the Smart Cities Program by the central government. Some of the items on the development agenda are lake development, energy-saving street lights, surveillance, non-motorized transport corridors and Wi-Fi facilities, in order to further boost the city’s economy.

Looking to invest in Coimbatore? Explore the many real estate offerings by Srivari Developers, one of the finest builders in Coimbatore city.

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