Coromandel Engineering Company Ltd (CECL) eyeing Coimbatore, Madurai and Trichy for real estate projects apartments and townships

Coromandel Engineering Company Ltd (CECL) is planning to set up apartments and residential townships in Coimbatore (next best city after Chennai in Tamil Nadu), Madurai and Trichy.

While CECL considered Coimbatore as the second most important city in Tamil Nadu for its real estate activity after Chennai, it is also eyeing other tier II towns in the State such as Tiruchi and Madurai, he said.

The company is also executing in the city a 34 apartment complex which is nearing completion with a sale value of Rs 16-17 crore. Terming Coimbatore as the ‘next best city'(after Chennai) in terms of business development, educational facilities etc, he said his company was working with its partners for the land for three or four projects in Coimbatore to be launched in the coming months.