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Real estate boom in Coimbatore
In Coimbatore whether it is plush apartments or medium budget houses or commercial / office complexes, the city has not witnessed such a frenetic construction activity in the past as it is seeing now. The current real estate boom in Coimbatore, where land prices have shot up by 50-100 per cent in the past one year, looks sustainable in the near term since it is fueled more by genuine demand rather than by speculation.

Coimbatore is shedding its conservative image and taking competition head on in its effort to come on top in the globalised environment.More on real estate properties from Coimbatore

Demand for luxury apartments and individual houses
There has been a significant increase in the demand for luxury apartments and individual houses in the Rs 35-50 lakh plus range and recently investors lapped up the opportunity to buy apartments at a staggering price of up to Rs 1.50 crore and more.

Buyers have become more discerning and facilities that were earlier perceived to be luxuries like swimming pool, community hall, gym and R.O. plants have become necessities now. There was a noticeable interest from NRIs hailing from nearby cities like Pollachi and Udhagamandalam in buying properties in Coimbatore.

Real estate boom in Chennai
Chennai (Tamil: சென்னை, formerly known as Madras (help·info), is the fourth largest metropolitan area of India and the capital city of the Indian state of Tamil Nadu. Located on the Coromandel Coast of the Bay of Bengal, Chennai had a population of 4.2 million in the 2001 census within its municipal corporation.
More on real estate properties from Chennai ( Madras)

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