14 Oct 2024

The Tamil Nadu Industrial Development Corporation (TIDCO) is set to allot parcels of land to various companies to establish their manufacturing units at the Aerospace and Defence (A&D) Park in Varapatti, Sulur taluk, Coimbatore district. TIDCO has already acquired 364.20 acres of land for the park, with 260 acres being allotted to companies under a 99-year lease. TIDCO plans to create "plug-and-play" office space at the park to accommodate startups, making it the first of its kind in Tamil Nadu. Additionally, TIDCO intends to acquire 197 acres of land adjacent to the Sulur Air Force Station to set up another A&D park for maintenance, repair, and overhaul (MRO) activities, further boosting the region's industrial and employment prospects.Read more

20 Sep 2024

Councilors in Coimbatore raised concerns over the use of drones for property tax assessments during a recent council meeting. Corporation Commissioner M Sivaguru Prabakaran explained that drones help identify commercial buildings, detect violations, and locate unassessed properties. Property owners have 15 days to contest findings. Despite some skepticism about the accuracy of drone-based assessments, the commissioner emphasized their importance for generating revenue. At the meeting, chaired by new Mayor K Ranganayaki, only 3 of 83 resolutions were approved, including those related to property tax and building permit fees.Read more

16 Aug 2024

Astrea Real Estate Developers, a subsidiary of The Phoenix Mills (PML), has acquired 9.03 acres of land in Coimbatore for INR 370.17 crore, marking PML's second retail project in Tamil Nadu. The acquisition involved purchasing equity in several entities and direct land purchases. PML holds a 67.1% stake in Astrea, with Reco Zinnia holding 32.9%. The project is part of PML's strategy to expand its retail portfolio in major Indian cities. The development is expected to enhance Coimbatore's retail landscape, following the success of Phoenix MarketCity and Palladium in Chennai.Read more

24 Jul 2024

Coimbatore's draft masterplan, a comprehensive 600-page document released in February 2024, faces delays due to overwhelming public participation. Authorities received over 3,000 petitions, surpassing expectations. The plan addresses population growth, infrastructure needs, and industrial development while identifying city challenges and proposing solutions. Many petitions, particularly from rural areas, request reclassification of agricultural land, raising concerns about real estate interests. Authorities are meticulously verifying each petition, causing an additional four to five-month delay. The finalised masterplan will guide Coimbatore's development, providing a clear framework for future growth and investment.Read more

14 Oct 2023

G Square Realtors Private Limited has launched G Square Orion, a wellness-themed plotted community in Coimbatore. This DTCP-approved and RERA-registered project covers 10.7 acres and offers 213 residential plots with over 40 world-class amenities. Positioned near Trichy Road, it enjoys excellent connectivity to key locations and upcoming developments, including a Defence park, biodiversity park, and Aerospace Industrial Park. The project aims to provide residents with a serene environment amidst rapid urbanization. Early-bird pricing starts at Rs. 9.25 lakhs per cent for the first ten bookings, making it an attractive opportunity in Coimbatore's real estate market.Read more

26 Aug 2023

Coimbatore Corporation is gearing up to launch a novel initiative that involves affixing QR codes to the exteriors of both residential and commercial buildings across the city. This move aims to establish a convenient and efficient system for garnering feedback from citizens and business owners alike. The QR code-based feedback system is anticipated to streamline the process of gathering opinions, complaints, and suggestions, enabling the corporation to better address the community's needs. This widespread implementation of QR codes underscores the corporation's commitment to embracing technological advancements for enhanced urban governance.Read more

19 Jul 2023

Coimbatore Police in India will launch a new software system designed to enhance security and management in mansions and hostels. The software aims to centralize resident information, provide real-time monitoring through CCTV integration, and enable quick response to security breaches. It will streamline administrative tasks, facilitate online payments, and offer a grievance redressal mechanism. The initiative reflects the police department's commitment to leveraging technology for public safety, ensuring a safer and more secure environment for residents while improving law enforcement effectiveness.Read more

08 Jul 2023

Coimbatore's town planning section of the corporation has introduced a new regulation pertaining to land development. According to an official from the section, any layout covering an area of 3,000 square meters or larger will now be required to allocate space for OR (Open Reserve) land. This decision aims to ensure the preservation of public spaces and enhance urban planning in the city. By mandating developers to earmark land for OR purposes, the Coimbatore civic body aims to strike a balance between urban development and the provision of adequate open spaces for the community.Read more