Updated: Mar 14, 2021
Coimbatore is the third-largest city in Tamilnadu and one of the fast-growing industrialized cities, listed Top 10 best place to live in India. In the country, the focus has already shifted towards tier II cities owning to the huge demand in these cities, and many investments are pouring into them because of the good business propositions they offer. The market dynamics has increased the demand and Coimbatore is already witnessing the developments.
Coimbatore has over 25,000 small, medium and large business enterprises functioning in the city. The major industries are textile and engineering, and the city still continues on its track of being hardware-centric. This makes it unique when viewed against other South Indian cities like Chennai and Bangalore, which rely more on the software industry for growth. The City is an epic centre of Manufacturing and remains as the Educational hub of Tamilnadu. Coimbatore has great pride drastically developing in the Information Technology sector. Also, it has experienced rapid growth with a lot of infrastructure and welfare developments for the people, many to be named under Smart City projects.
Having said that, let me tell Why Coimbatore is emerging as the Top destination for Global Investment and the Best place to live?
Coimbatore, categorized as a Business & Industrial Centre, has the pride label of one of the top 20 cities chosen by the Ministry of Urban Development, Government of India under the Smart Cities Mission initiative. The city focuses on five nodes for the smart city proposal, such as best-in-class civic services which envision strengthening all the utilities, seamless mobility which focuses on NMT, parking and intelligent transport system through CCTV surveillance, a sustainable environment by implementing LED street lighting and increasing green cover, E-governance and efficient infrastructure for industries.
IT, ITES and IT Infra:
On the software side, Coimbatore ranks 2nd following Chennai in terms of software products in the state. Cognizant Technology Solutions, Wipro, FORD, Aditi Technologies, Robert Bosch GmbH, IBM, Tata Consultancy Services, Tata Elxsi, Dell, CSS Corp and KGISL, PAYODA, SKAVA are already having their presence in the city. Coimbatore is also known as a business process outsourcing (BPO) hub of note. Further, it is the largest non-metro city for e-commerce in South India due to the growing online shopping, e-ticketing and e-billing adaptation being deployed in the city. Several e-commerce companies are also based out of Coimbatore.
Health care and Education:
The Coimbatore is also known as the Textile capital and commonly known as “The Manchester of South India”, which is an epic centre known for its enthusiastic Entrepreneurs; emerging Manufacturing hub for Textiles, Motors, Pumps, Automobile components, Machineries etc… The exports from the city range from poultry, jewellery to software. Also, Coimbatore make itself pride to be the educational hub of Tamilnadu, it also houses 7 universities, 54 engineering colleges, 2 medical colleges, 35 polytechnics and over 700 other educational institutions. This attracts a major population both from within and outside the state for quality education. On the flip side, Coimbatore is specially identified for it's quality of service in Health care, which is one of the leading destination for 100+ private multi-specialty hospitals in India providing world-class treatment & healthcare services at an affordable rates.
Coimbatore has witnessed potential growth in all sectors. Based on the Increasing flight traffic, Coimbatore international airport is in the proposal of extending to 605 acres with Rs 2,64.47 crore which was allotted during 2018-19 and 2019-20. Also, the city has constructed multiple bridges for easy mobility and metro rail project feasibility study has been already completed. Coimbatore infrastructure growth will soon match the Tier I cities of the country.
Real estate and Commercial properties:
Coimbatore has been identified as one of the top 10 cities in the country that offers low budget real estate investment opportunities. Eventually, the city is strongly visualized to captivate upcoming investments into its real estate sector in the near future.
With the increased demand for commercial activity, coupled with the Smart City initiative and industrial demand, Coimbatore is emerging as a major nexus for well-established and sustainable residential real estate. The market has witnessed a substantial increase in demand for housing, and the demand for second home and retirement communities continues unabated.
Trade fair complex:
Codissia trade fair complex is one of the states of art exhibition venues in the city, spanning across 1,60,000 sq.m of the total area has 6 exhibition halls. Most of the top national and international events are happening in this venue.
Entertainment and Shopping:
Coimbatore has more engagement in fun and entertainment too. The city has 3 water theme parks, 3 larger malls, Multiplex cinema theaters, Racing tracks, Resorts, etc... Also this a place know for taste and food. Coimbatore has the choice of Street foods, Restaurants, Multi cuisine at all ranges...
Conclusively, Coimbatore has emerged as a strong and growing economy based on manufacturing and services sectors. This tier-II city boasts of a distinctive economy, quality education, an extensive labour pool and focused sustainable development objectives, making it an attractive destination in South India giving positive anticipation for future investments. With the onset of positive sentiments and the city’s business-friendly environment, its real estate market will grow tremendously in the coming years.
Coimbatore is one of the best destinations for Tourism which is a mix of City and Nature having Temples, Museums, Hill stations, Waterfalls, Dams, Wildlife sanctuary, Resorts, Theme park etc…
The top attraction includes Adiyogi shiva, Perur pateeswara temple, Marudhamalai, Dhyanalinga temple, Parambikulam Tiger reserve, Monkey falls, Velliangiri mountain, Kovai kutralam waterfalls, Siruvani waterfalls, Silent valley national park, Ge Dee car museum, Ooty hills, Pykara falls, Dodapetta peak, Kotagiri hills, Valparai hills, Black thunder theme part, Maharaja theme park, Kallar river, Brookfields mall, Fun mall, Prozone mall, Bhavani Sagar Dam, Aliyar Dam etc…