Perur, Coimbatore

The Coimbatore Corporation is set to take over the operation and maintenance of the Pilloor III drinking water supply scheme from the TWAD Board. This takeover is expected to give the Corporation greater control over operations and potentially reduce costs by avoiding service charges to the TWAD Board.

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.

Coimbatore is emerging as a Tier-2 luxury real estate destination due to improving infrastructure, changing lifestyles, and quality-focused development. Developers are focusing on long-term value, meeting contemporary consumer demands for comfortable, sustainable, and technologically advanced homes.

Land acquisitions for real estate projects saw a slight dip in the last fiscal year, but listed companies remained active, particularly in Tier II and III cities like Coimbatore. These developers are increasingly focusing on housing projects in these cities, driven by shifting consumer demand towards branded developers.

Managed office provider SpazeOne is set to launch new centres in Coimbatore as part of its expansion across South India. These new facilities, planned for early 2026, aim to cater to the growing demand for flexible workspaces from enterprises and startups. This expansion will provide modern, scalable office solutions, supporting the city's growing business ecosystem.

The Coimbatore Corporation is nearing the launch of its 24x7 water supply project by the end of February 2026, investing Rs 646.71 crore to provide uninterrupted drinking water to all 60 wards. Additionally, the Coimbatore City Municipal Corporation (CCMC) has unveiled a Rs 2,200 crore project to revamp and expand the stormwater drainage network across all 100 wards

The Coimbatore Corporation's proposed 2026-27 budget primarily features ongoing projects, such as the Noyyal river front development, bio-CNG initiatives, and waste-to-energy plants, including provisions for the completion of projects like the Ukkadam bus terminal and underground drainage works.

Coimbatore's real estate market demonstrated steady growth in 2025, with Vilankurichi plots experiencing a 24.7% annual rise. Peelamedu and Saravanampatti averaged ₹4,900–9,450 per sq. ft. The report notes that urbanization is deepening in Tier-II cities like Coimbatore, supported by new highways and metro extensions, which have strengthened buyer trust through RERA compliance.