Perur, Coimbatore

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.

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