Big Real Estate Property Developers in Tier-2 Cities of Tamil Nadu - Madurai Trichy Coimbatore

Real estate developers are increasingly exploring Tier II cities where there is a potential demand for quality built-up space. Leading players based in Chennai and national players have announced projects in smaller cities in Tamil Nadu, including Tiruchi, Madurai and Coimbatore.

These are cities that either have a strong industrial base or are tourist hubs attracting regular visitors as there is employment generation and infrastructure growth.

Developments are happening across market segments from the middle income segment to high-end luxury segments, say developers. Coimbatore, particularly with its traditional industrial base, is a focus market for many.

Interest in Coimbatore

Coimbatore has a growing investor base with buyers in neighbouring Palakkad, Tirupur and other towns looking at investing , he says.

According to Mr T. Chitty Babu, Managing Director, Akshaya Homes, the company is planning projects in the luxury segments in these cities with units priced around a couple of crore rupees. The apartment concept is catching on in these cities, but quality supply is yet to meet market demand.