Coimbatore, one of the fastest-growing cities in South India, is witnessing new growth opportunities in virtually all sectors. The growth seen in the city is likely to continue especially in Infrastructure. With this expansion comes an increased demand for land and property. The Outer Ring Road in Coimbatore has recently become a hotspot for residential and commercial plot investments for all the right reasons.
Coimbatore known for its town planning, accessibility and cost of living offers high quality of life to its residents. Perhaps one of the reasons that real estate investment is rapidly growing in the city, with townships being the flavour of the season.
A township provides innumerable benefits at the same price and advancements in recent projects project a life that is more peaceful, comfortable, and with all amenities at affordable prices.
Today, several prominent and experienced real estate developers offer gated community township projects that present a safe investment and living option for discernable buyers. A township provides safety and a host of amenities that individual buildings do not and some of these include, tennis court, cricket practice area, multi-purpose court, kids zone, morning walk parks, party halls, a mini theater, clubhouses, a swimming pool, and more. A medical center, ATM facility, and library are also located within the gated community for convenience and emergency purposes. All these amenities are provided at no or meager maintenance cost to all residents. Some well-known developers also offer free maintenance for the first few years.
The surroundings are well maintained and offer a tranquil, peaceful lifestyle away from the city’s hustle and noise pollution. The lush greenery all around the society ensures less pollution. A township is monitored under 24*7 camera surveillance that provides security throughout the year. Most township projects are located near IT employment hubs, allowing employees to maintain a healthy work-life balance.
This modernized, upgraded infrastructure and lifestyle promise high ROI and an easy resale option in the real estate market. A township gated community is the future of the Indian real estate market. There are several gated community residential plots available for investment in the outer ring road at Coimbatore.
Growth potential of investing in Outer Ring Road
The outer ring road is a highly sought-after for residential and commercial plots in Coimbatore and these are available at affordable prices. Advantages include convenience, location, and proximity to key city spots.
Investments in outer ring roads have a history of success attached to them when one considers how the outer ring roads at Bengaluru and Hyderabad have grown and seen phenomenal growth. With infrastructure development comes increased employment opportunities, life style amenities and before you know it, it becomes one of the life lines of a growing city. Similar successes are witnessed both in Chennai and Hyderabad as well.
Given the massive growth of IT employment hubs in the outer ring roads in other metropolitan cities, it is evident that Coimbatore’s L&T bypass and outer ring road will encounter significant growth and development in the coming years. Investing in these regions makes sense for investors looking to settle down in a residential plot, start a business, or invest today for ROI purposes. Today, investing in the L&T by-pass Coimbatore and the outer ring road of Coimbatore is one of the more attractive investment options for investors today.