Salarpuria Sattva Group Plans Entry into Coimbatore Real Estate Market
The Bangalore-based Salarpuria Sattva Group is venturing into the Coimbatore real estate market before entering the Chennai market. Despite the current slowdown in the city's property sector, the company remains optimistic about a market recovery due to attractive attributes that can draw investors.
Strategic Reasons for Entering Coimbatore
From an investment perspective, Chennai is a mature market, whereas Coimbatore is just emerging, making it an ideal time to enter. The state government is also promoting city development, and with growing industrialization, Coimbatore is attracting a wide range of residents, including top developers.
Plans for First Residential Project
The group plans to launch its first residential project shortly, with a key advantage being its location between the railway station and the airport. The company aims to offer affordable pricing, leveraging its reputation for high-quality construction, lifestyle amenities, and timely delivery.
Future Expansion Strategies
Although the city is currently experiencing a challenging phase, it boasts a diverse range of industries from IT to healthcare and retail. The Salarpuria Sattva Group views the downturn as an opportune time to invest, anticipating future market recovery and significant returns.
The firm is also considering acquiring more land and plans to develop commercial, retail, and township projects in the near future.
The group is confident that its strategic entry into the Coimbatore market will position it well for future growth and success.