Residential and Commercial Property in Coimbatore
Coimbatore, Tamil Nadu’s 2nd largest city on the foothills of the Nilgiris, is the highest revenue earner for the state after Chennai, with the textile, engineering and automotive industries accounting for 10% of the total sales tax collection. As a major export hub, Coimbatore’s 280 textile mills earn Rs 6,350 million from exports of 60 million kg of cotton yarn annually.
Residents and industry associations have been demanding a revamp of Coimbatore’s existing infrastructure. In response, several projects have been earmarked for the city, starting with a proposal to the Jawaharlal Nehru National Urban Renewal Mission for schemes worth Rs.3, 186 crore. The Indian Institute of Architects has been roped in for the city’s makeover plan. A Coimbatore Urban Area Development Authority as a statutory body for the planning and development of the Coimbatore urban area has been proposed for regulating the growth of Coimbatore city and its satellite colonies, including the textile hub of Tirupur.
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