What is the price of under-construction flats in Coimbatore?
Under-construction flats in Coimbatore are priced ₹34L to ₹6.2 Cr — averaging ₹8,286 per sqft across 42 verified listings on Propspedia. Most active under-construction zones: Peelamedu, Kalapatti, Saravanampatti, Thudiyalur. Entry pricing typically runs below an equivalent ready-to-move flat in the same location.
Is it safe to buy an under-construction flat in Coimbatore?
Yes, if the project is TNRERA-registered. Registration obliges the builder to hold 70% of collections in escrow, publish quarterly construction updates with photos, and pay 10.5% annual interest for delays past the committed date. Never book an under-construction flat without verifying the registration number at tnrera.in.
Is GST applicable on under-construction flats in Coimbatore?
Yes — 5% GST applies (1% for qualifying affordable housing: carpet area up to 60 sqm and a price up to ₹45 lakh). GST is nil once the builder receives the Occupancy Certificate, which is why ready-to-move flats are cheaper net of tax than the headline price alone suggests.
What payment plans are available for under-construction flats in Coimbatore?
Common plans: Construction-Linked Plan (CLP, payments tied to physical milestones — the safest and TNRERA-recommended), Down Payment Plan (most upfront for a discount), and Possession-Linked Plan (balance on handover). Avoid any plan that front-loads payments ahead of matching construction progress.
