Vijaya Hyyde Park - Coimbatore

The Vijaya Groups is one of the largest land owner, a leading promoter and a developer in Coimbatore. Among many promotions Vijaya Hydde park, a joint venture project of Maris Cements Private Limited (Vijaya Group of Companies) and Shriram Properties Private Limited, is a milestone in the real estate market in Coimbatore by setting up one of the biggest residential properties.

Reasons for 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.

Demand for luxury apartments and individual houses

A 'big boom' in housing sector not just in Pune, Chennai, Cochin but also in Coimbatore, mainly among the middle and the upper middle class segments. 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.