The Bangalore based Salarpuria Sattva Group is starting a venture in Coimbatore before entering the Chennai market. The present scenario of the property market in the city is under pressure due to the slowdown and the company is confident of the market bouncing back as it can see positive features than can draw investors to it.
From an investment view Chennai is a mature market, but Coimbatore market is just beginning so it is the right time to enter Coimbatore property market clarified the group.
The state government is also giving a push to the city development. As the city industrialization is growing, the widely travelled people are drawn towards it, top developers are also getting their foothold in the city’s market.
On the plan of entering a market that has huge unsold inventory, the main advantage of the first residential project that the Salarpuria Sattva Group will be shortly launching was it location. The location they have chosen is between the railway station and the airport.
The company is planning to enter the market with an affordable price range. The firm would bank on its quality of construction, lifestyle and timely deliverance.
The city was going through a rough phase but it has industries to IT, support services, educational institutions, health care, retail etc. The Group is hopping that the down time is the best time to invest to reap awards when the market will bounce back in near future.
The real estate firm is also thinking to acquire more land in future and is also thinking to develop commercial, retail and township projects in near future.