Peelamedu, Chennai

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News

Tamil Nadu Tier-2 Cities Emerge as Real Estate Hotspots Beyond Chennai

Trade Brains · 17 days ago · Infrastructure

Airport expansion and infrastructure investments in Coimbatore, Madurai, Salem, Thoothukudi, and Trichy are driving property demand and prices across Tamil Nadu's Tier-2 cities.

Key facts

Tamil Nadu's real estate growth is shifting beyond Chennai to Tier-2 cities fueled by airport connectivity and infrastructure spending.

Coimbatore: IT, electronics, and aerospace hub with Wipro, Cognizant, Infosys present. Saravanampatti and Peelamedu are IT hotspots; Kalapatti booming near airport. Prices ₹7,600/sq ft in Kalapatti, ₹8,895/sq ft in RS Puram. 2BHK rent ₹10,000–₹25,000/month.

Madurai: Expanding with IT parks, road upgrades, airport expansion. Madurai International Airport and four-lane highways connect to Chennai, Coimbatore, Trichy. Samayanallur and Perungudi emerging. Prices ₹6,501/sq ft. 2BHK rent ₹7,500–₹15,000/month.

Salem: Industrial hub with SAIL's Salem Steel Plant, JSW Steel, textile mills. Chennai-Salem, Chennai-Coimbatore, Bangalore-Chennai expressways boost logistics. Prices ₹6,270/sq ft. 2BHK rent ₹9,000–₹25,000/month.

Thoothukudi: Port city attracting investments from Cochin Shipyard Ltd, Indian Oil Corporation in EV manufacturing, green hydrogen, space-sector. Airport, sea-port, improving connectivity. Prices ₹4,807/sq ft. 2BHK rent ₹8,000–₹20,000/month.

Trichy: Fourth-largest city with BHEL, Ordnance Factory. Srirangam and Karumandapam seeing residential activity. Prices ₹5,756/sq ft. 2BHK rent ₹8,000–₹20,000/month.

Tamil Nadu acquired land worth ₹2,938 crore for ongoing airport projects at Chennai, Coimbatore, Madurai, Tiruchirappalli, Thoothukudi, with ₹350 crore for Salem's airport. Better air connectivity attracts businesses, tourists, investment, boosting housing and commercial demand near airports.

News items from other publishers are their reports, condensed; follow the link for the full report. PropertyWala.com is not their source.