A plot of land in Saravanampatti, Coimbatore, has been sold for ₹3,000 per square foot, driven by the ongoing expansion of IT parks and the growing demand for commercial and residential properties in the region. This price point marks a significant milestone for the area, reflecting its emergence as a prime location for both real estate development and investment.

Saravanampatti, located in the western part of Coimbatore, has long been a hub for the city’s IT industry. The expansion of IT parks and the establishment of more tech-based companies in the area are fueling both commercial and residential real estate growth. As companies set up new offices and residential complexes for employees are built, the demand for land and property in this location has skyrocketed.

The land sale at ₹3,000/sq.ft. is a clear indication of the area’s growing importance as a business hub. Developers are increasingly eyeing Saravanampatti as an attractive location for mixed-use developments, including commercial spaces, residential projects, and gated communities. The region’s improved infrastructure, including better road connectivity and proximity to major educational institutions, makes it even more desirable for potential buyers and investors.

Experts believe that land prices in Saravanampatti are set to continue appreciating as more IT companies establish their presence and residential demand from employees and professionals rises. Additionally, the development of Coimbatore’s Smart City Project and other government initiatives are expected to further boost the area’s real estate potential.