Tag: Coimbatore

IndustryLatest Stories

Godrej Properties buys 20-acre site in Bengaluru

NEW DELHI: Godrej Properties (GPL) has completed the acquisition of a 20-acre land parcel in East Bengaluru, as reported in a filing to the BSE. The company intends to develop a premium residential project on this site, with an estimated revenue potential of around ₹1,350 crore. Additionally, GPL has recently acquired a 44-acre land parcel in Coimbatore through an outright purchase, aiming to develop a premium plotted residential project with a developable area of 1.1 million sq ft and an estimated revenue potential of ₹450 crore. This marks GPL’s entry into the Coimbatore market. Published on Mar 18, 2026 at…

IndustryLatest Stories

Coimbatore: Steel Prices Up 20%, Hurting Construction Activity

COIMBATORE: This month, TMT steel prices—a critical component in construction—have surged by 20% compared to last month, leading builders’ associations to express concerns about a potential slowdown in construction activities, particularly in housing projects. A builder based in Coimbatore noted that steel prices have risen by ₹10 to ₹12 per kg, resulting in higher construction costs than originally anticipated. The price per tonne has now increased from ₹62,000 to ₹72,000. While cement and brick prices remain stable, the significant rise in steel costs has forced builders to adjust their project estimates accordingly. This increase equates to nearly ₹50 per square…

InfrastructureLatest Stories

Coimbatore’s Rainwater Reuse Model Gains Popularity

COIMBATORE: The Coimbatore Corporation’s innovative model for rainwater harvesting and reuse for non-potable applications is proving successful. While various government buildings, including the collectorate, have employed the rainwater harvesting system mainly for groundwater recharge, the Coimbatore Corporation pioneered a reuse model at its Town Hall office in July. After limited rainfall in August, the rains in September nearly filled the tank specifically built for rainwater storage and reuse. Notably, Coimbatore is the only city in the state implementing this model. Inspired by the success of this initiative, the corporation is set to introduce the system in its five zonal offices,…

InfrastructureLatest Stories

Coimbatore Metro Land Plan to Finish in Two Months

COIMBATORE: Chennai Metro Rail Limited (CMRL) is set to complete its final Detailed Land Plan Schedule (LPS) for the Coimbatore Metro project, estimating to finalize asset valuations for two proposed corridors within two months. This project includes Corridor-1, which extends from Ukkadam Bus Stand to Coimbatore Airport near Neelambur, and Corridor-2, running from Coimbatore Junction to Valiyampalayam Privu. The total length of both corridors is 40 km, with an estimated cost of ₹10,740 crore. Coimbatore MP Ganapathy P Rajkumar and Corporation Commissioner M Sivaguru Prabakaran provided a project update to the media on Tuesday. Rajkumar mentioned that an urgent LPS…

Latest StoriesRegulatory

40 Revenue Officials Served Show-Cause Notices for Sand Mining

AI-generated Representative Image COIMBATORE: Pavankumar G Giriyappanavar, the Coimbatore district collector, has issued show-cause notices to 40 current and former revenue department officials for their inability to halt illegal sand mining in Perur taluk from 2019 to 2025. The district collector informed TOI that officials have been requested to submit written explanations. Further actions will be determined based on their responses. Sources reveal that the notices target four tahsildars, 22 village administrative officers (VAOs), as well as some deputy tahsildars and revenue inspectors. These notices were issued under Section 17(a) of the Tamil Nadu Civil Service (Discipline and Appeal) Rules,…

Latest StoriesRegulatory

PNB Housing Finance Ordered to Compensate Customer for Lost Docs

COIMBATORE: The district consumer disputes redressal commission has ordered a housing finance firm to pay ₹10 lakh in compensation to a customer for the loss of original property documents. According to sources, S. Murugesan and his son M. Prabhakaran from Vadavalli took out a housing loan with DCB Bank in Coimbatore, using their property as collateral. Later, PNB Housing Finance Ltd., located in Pappanaickenpalayam, agreed to assume the loan and sanctioned ₹22.90 lakh on November 11, 2018. As part of this process, the father-son pair submitted their original title deeds and other essential documents to the finance company after signing…