Cheran ma Nagar, Coimbatore

Tamil Nadu has launched a Rs 1.5 lakh crore mission to improve urban infrastructure across the state, with Coimbatore being a key focus. The mission includes plans for drinking water, sewerage, solid waste management, roads, greening, waterbody restoration, and social infrastructure.

The state government has amended the Indian Stamp Act to streamline apartment registrations. A nominal stamp duty of Rs 50,000 will now be applicable for the transfer of common areas to the association of apartment owners, replacing the earlier provision that burdened buyers collectively.

In 2026, construction costs in Tier-2 cities like Coimbatore are estimated to be 10-15% lower than in major metros, offering a favorable 'sweet spot' for residential investments. While material costs may fluctuate, factors like government permissions, utilities, and contingency buffers are crucial considerations for budgeting.