Kovaipudur, Coimbatore’s next big real estate investment hub

November 7: Kovaipudur, popularly known as Little Ooty, famous for its serene environment and pleasing climate at present is slowly gaining a reputation for being the latest hotspot of real estate investment in Coimbatore.

Coimbatore termed as the ‘Manchester of South, is already considered a paradise by people due to its amalgamation of nature-friendly climatic conditions and the strong presence of reputed industrial companies. Its presence in the rain shadow region of the Western ghats enables it to enjoy a very pleasant climate throughout the year, aided by the fresh breeze that flows across the city. The region’s rich black soil which benefits the agricultural industry, mills, and factories in addition to the ongoing industrial development wherein the numerous prominent IT giants such as TIDEL park, Tata Consultancy Services, Cognizant Technology Solutions, Robert Bosch DELL, KGISL, and CSS Corp Pvt Ltd have already set up their bases makes Coimbatore one of the top preferred destinations to reside within the state.

Kovaipudur, the large township at the foothills of the Western Ghats, within Coimbatore is now grabbing the attention of real estate investors and buyers. The locality acting as a residential cum industrial neighborhood due to its recent infrastructural developments is beginning to see the setup of fine civic amenities such as educational institutions, entertainment avenues like malls and shopping complexes, industrial companies, and residential projects. The presence of these amenities along the area’s beautiful landscape, the population’s communal harmony, and the resident’s etiquette and respectful mannerisms are further adding beauty to the already alluring picture of Kovaipudur’s residential market.

The most recent progress of the Western Ring Road has already increased the momentum of land acquisition by real estate plot developers. The 32.4km-long, four-lane road which will connect Madukkarai on Coimbatore – Palakkkad Road to Narasimmanaickenpalayam on Mettupalayam Road will be instrumental in reducing traffic congestion on city roads by almost 40%, mainly for motorists who will take the route to travel to Mettupalayam, Nilgiris, and Mysuru. The project currently has picked up pace after lagging execution for a long time due to numerous land value fixation delays.