Latest Realty News

Despite-online-approval,-nod-for-building-plans-comes-slowly
Feb 14, 2015
COIMBATORE: Despite online approval, nod for building plans comes slowly
'Fizz is back in Coimbatore realty market'
Dec 30, 2014
COIMBATORE: An upbeat mood prevails among real estate buyers in Coimbatore
Exclusive gated community of villas launched in Coimbatore
Dec 05, 2014
COIMBATORE: Casa Grande Pvt. Ltd., Chennai's leading villa developer, has forayed into this textile city, with its exclusive gated community of villas and apartments
Industrial corridors around Coimbatore drive realty
Nov 11, 2014
Coimbatore: The fast developing Coimbatore-Tirupur-Erode Industrial Corridor is all set to give a boost to realty in Coimbatore
TN gives big infra push to Coimbatore
Aug 25, 2014
Chief minister J Jayalalithaa today announced a slew of projects worth more than Rs 2,000 crore which would bring new amenities and infrastructure upgradation in the industrial and textile city of Coimbatore
Borrowers with higher credit score have more chance for loan
May 22, 2014
COIMBATORE: Borrowers with a credit score of 700 and above have a higher chance of getting their loan and credit card applications approved by banks, according to a study by Credit Information Bureau (India) Ltd (CIBIL).
Builders demand separate ministry for construction sector
May 04, 2014
COIMBATORE: With the demand for skilled workers set to nearly treble by 2020, the construction industry wants a separate ministry both at the Union and the state level to address the issues affecting the sector. The construction industry, which employs about 10 million skilled workers now, would require at least 30 million such workers by 2020, said S K Basu, president of Builders' Association of India (BAI). The construction industry would require 55-60 million workers by 2020, he said.
New Credai Coimbatore team
Apr 17, 2014
COIMBATORE: Rajesh B Lund, Partner, Srivari Property Developers, Coimbatore, will take over as the President of Coimbatore chapter of Credai (the Confederation of Real Estate Developers’ Association of India) for a two year term (2014-16).
Coimbatore, a home away from home for 12,000 Rajasthanis
Mar 31, 2014
COIMBATORE: The white marble temple with its Gopurams and yellowish-range flag on Rangai Gowder Street is a centre of activity on a Sunday morning. Rajasthanis in the city who predominantly belong to the Jain community have come in large numbers to meet a seer.
Open spaces a premium attraction in residential complexes
Mar 31, 2014
COIMBATORE: Every evening Shyam Veluswami and his friends play an hour of badminton in the indoor court situated on the first floor of the marble, wood and glass three storey club house in Shobha Harishree residential community. Very often, as he walks out, he waves a hello to his mother who takes an evening walk with two of her friends on the walking track provided around the community or just sits down for a chat on one of the benches provided along the roads.
Coimbatore builders want exemption
Mar 22, 2014
COIMBATORE: Builders and property promoters in Coimbatore have appealed to the Commissioner of Central Excise, Customs and Service Tax to address the issues they faced in payment of Service Tax, taking into consideration the difficulties faced by the sector in the last one year.
IDFC Alternatives raises Rs 750 crore for its first real estate fund
Mar 20, 2014
COIMBATORE: IDFC Alternatives, one of the largest multi-asset class fund managers, with a corpus of Rs 14,414 crore, has announced the close of its first real estate fund -- IDFC Real Estate Yield Fund, a domestic fund focused on the residential real estate segment in the country.
No water for tax defaulters: Municipal corporation
Feb 08, 2014
COIMBATORE: The city municipal corporation is resorting to stringent measures to ensure that property tax defaulters of the second half of 2013-14 financial year pay up the arrears without further delay.
Credit metrics of real estate firms continue to deteriorate on weak demand
Jan 22, 2014
COIMBATORE: Credit metrics of real estate companies will continue to deteriorate in 2014-15 as high residential prices continue to impact sales, India Ratings and Research has said. The rising bank credit to the sector indicates an increase in inventory, it said.
Global realty brokerage chain RE/MAX enters Coimbatore
Dec 28, 2013
COIMBATORE: RE/MAX India, a division of RE/MAX International Property Group of the US, has entered Coimbatore with appointment of a Regional Franchisee Owner for the Rest of Tamil Nadu.
LMW joins hands with Sobha to launch project in Coimbatore
Dec 20, 2013
COIMBATORE:Textile machinery manufacturing major Lakshmi Machine Works has partnered with property developer Sobha to promote a housing development project, élan, at Ganapathy in Coimbatore. The project is coming up on a 4.76-acre plot owned by LMW.
Rakindo launches the next phase of Orchids in Coimbatore
Dec 14, 2013
COIMBATORE: Rakindo Developers, a joint venture between Rakeen, a company promoted by the Government of Ras-al-Khaimah and Trimex, an infrastructure company in India, is developing a residential project in Coimbatore, Orchids. The affordable gated community houses over 800 1, 2 and 3 BHK apartments, ranging from 672 sq. ft to 1,459 sq. ft.
Property dispute leads to brutal attack, one held
Dec 11, 2013
COIMBATORE: A 34-year-old man was brutally attacked by two persons with a knife generally used for scaling fish on Monday night. The injured person has been admitted at Coimbatore Medical College Hospital (CMCH). Police have arrested one person in this incident.
Resilient Coimbatore is a safe bet
Aug 26, 2013
COIMBATORE: Coimbatore market may have cooled down from the buoyant days of 2009 to 2011 but has not lost steam. Property price have been stable last year, unlike the rise of 20 to 40 per cent seen in the past. Data from National Housing Board’s Residex Index shows that the city’s index has risen from its base value of January 2007 to 184 in January-March 2013. This has been quite moderate compared to a rise to 310 for Chennai during the same period.
Coimbatore property fair from August 2
Jul 31, 2013
COIMBATORE: Property fair FAIRPRO 2013 is offering property buyers keen on investing in Coimbatore a 2 to 3 per cent discount on the basic price for bookings made at the fair or during August.
Low cost realty makes Inorbit Malls plan South India expansion
Jul 19, 2013
HYDERABAD: K Raheja Corporation entity Inorbit Malls India has chalked out a plan to expand its operations significantly in Southern India region thanks to low cost realty in the region compared to other parts of the country, said a top official.
Provident brings ‘premium affordable’ homes in Coimbatore
Jul 11, 2013
DELHI: Provident Housing Limited, a wholly-owned subsidiary of the premier real-estate developer Puravankara Projects Limited, is set to launch ‘premium affordable’ homes in Coimbatore. The innovative residential project will be located at Selvapuram, Off Perur Main Road, near R S Puram, in the vicinity of the city center.
First villa project in Cbe to be ready by April 2015
Jul 04, 2013
COIMBATORE: Real estate developer Casa Grande today announced launch of a residential project of 79 luxury villas and 32 apartments here.
Purple Bay makes foray into housing projects at Tirupur
Jun 20, 2013
COIMBATORE: City-based real estate home decors company Purple Bay Foundation today made its foray into housing development projects at the nearby hosiery hub of Tirupur.
Micro Industrial estate coming up at Thirumazhisai: Rural Industries Minister
Jun 07, 2013
COIMBATORE: As part of efforts to give a push to the micro industries, steps have been initiated for the establishment of a multi-storied industrial estate at Thirumazhisai near Chennai at a cost of Rs 20 crore, according to P. Mohan, Minister for Rural Industries, Government of Tamil Nadu.

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