CONTENTS EXECUTIVE SUMMARY 5 1. NEED FOR THE STUDY 5 2. RESEARCH QUESTION 6 2.1 Aim 6 2.2 Objectives 6 2.3 Methodology 6 3. LITERATURE STUDY 7 4. COIMBATORE - CITY PROFILE 7 5. COIMBATORE - REAL ESTATE MARKET SCENARIO 8 5.1 Key Findings 8 6. STUDY AREA 10 5.1 Key Findings 12 5.2 Key Drivers of the Real Estate market 13 6.2 Unapproved plots hinder the real estate growth 15 LIST OF FIGURES 18 LIST OF MAPS 19 LIST OF TABLES 19 1. INTRODUCTION 20 1.1 BACKGROUND STUDY 20 1.2 NEED FOR THE STUDY 22 1.3 RESEARCH QUESTIONS 22 1.4 AIM . 22 1.5 OBJECTIVES AND SUB OBJECTIVES 22 1.7 SCOPE AND LIMITATIONS 23 1.8 STUDY AREA 23 2. LITERATURE STUDY 24 2.1 INTRODUCTION TO REAL ESTATE 24 2.2 REAL ESTATE - THE BUNDLE OF RIGHTS 24 2.3 DRIVERS OF REAL ESTATE MARKET 26 2.3.1 Social Factors 27 2.3.2 Economic Forces 28 2.3.3 Physical And Environmental Factors 31 2.3.4 Governmental Forces 32 2.4 INFLUENCE OF THE REAL ESTATE BILL AND SMART CITIES MISSION 33 2.4.1 Real Estate Bill 33 2.4.2 Smart Cities Mission 35 3. PROFILE OF COIMBATORE 38 3.1 INTRODUCTION 38 3.2 LOCATION AND CLIMATE 39 3.4 DEMOGRAPHIC STATISTICS 39 3.5 ADMINISTRATIVE FRAMEWORK 41 3.5 INFRASTRUCTURE 44 3.5.1UPCOMING AND FUTURE DEVELOPMENTS 46 3.6 COMMERCIAL DEVELOPMENTS 46 3.7 URBAN GROWTH PATTERN 47 4. COIMBATORE REAL ESTATE MARKET OVERVIEW 49 4.1 KEY MARKET TRENDS 51 4.2 CAPITAL VALUE AND RENTAL VALUE 53 4.3 PREFERRED LOCALITIES 54 4.4 DEMAND VS SUPPLY 55 Factors influencing the Real estate market of Coimbatore Koushik Dhanaraj l PP0003415 Faculty of Planning l CEPT University 18 4.5 PRIMARY SURVEY ANALYSIS 57 4.5.1 Zone Wise Analysis 58 4.5.2 Distribution of Supply (2012 and 2017) 58 4.5.3 Present ownership status (Vs) Preferred Investment option 59 4.5.4. Monthly Income (Vs) Preferred Typology 59 4.5.6 Monthly Income (Vs) Preferred Investment location 61 4.5.7 Key Drivers of the Micro market 61 4.6 KEY FINDINGS 62 5. STUDY AREA – AVINASHI ROAD 63 5.1 IDENTIFICATION OF THE STUDY AREA 63 5.2 LOCATION ATTRACTIVENESS INDEX 64 5.3 MAJOR ESTABLISHMENTS ALONG THE AVINASHI ROAD 65 5.4 REAL ESTATE DEVELOPMENTS ON AVINASHI ROAD 66 5.5 SELECTED PROJECTS IN THE STUDY AREA 67 5.6 ANALYSIS OF THE PROJECTS IN THE STUDY AREA 69 5.6.1 Unit Configuration 69 5.6.2 Ticket Size 70 5.6.3 Project completion (Vs) Composition of Sales 71 SOURCE: ANALYSIS 71 5.7 KEY DRIVERS OF THE REAL ESTATE MARKET 71 5.8 KEY DRIVERS OF THE REAL ESTATE MARKET 73 6. ISSUES AND SUGGESTION 74 6.1 NON-IMPLEMENTATION OF SCHEME ROADS 74 6.2 UNAPPROVED PLOTS AND DEVELOPMENTS ISSUES 75 6.3 LAGGING INFRASTRUCTURE DEVELOPMENT 75 6.4 UNAPPROVED LAYOUTS AND REGISTRATION ISSUES 76 7. BIBLIOGRAPHY 77