Peelamedu is one of the premium localities in northern Coimbatore, Tamil Nadu. It is surrounded by localities like Ganapathy, Masakalipalayam, Neelikonampalayam, Singanallur, Sundakkamuthur, Trichy Road and Puliakulam are all located in a near vicinity Peelamedu.

Peelamedu real estate has many real estate projects by developers such as AV Properties India Private Limited, Elysium, KO Zone Reality, Mayflower, Sakthi Elegant, Srivari Infrastructures, Abhinitha Foundation, RR Housing, Noble Business Ventures India Pvt Ltd and Sri Gujan in Peelamedu. There are other projects offered by some developers in the region, including Caladium by Mayflower, Crimson Dawn by Pricol Properties Limited, Saarang Villas by Srivari Infrastructures, Anchal by Chathamkulam Builders, Flushing Meadows by Elysium, Acropolis by Elysium, Akshara by Sri Gujan, Nivasana by Nivasan Homes, Darshan by RR Housing and Windermere by Globuse Realtors Private Limited. The area of property in Peelamedu ranges from 700 to 4,500 sq ft,in 1, 2, 3 and 4 BHK configurations. Prices of Peelamedu property has increased by 5 per cent this year. The average price of the villas is Rs 12, 411 per sq ft.