A suburb located in Coimbatore, Peelamedu is an important commercial centre and one of the oldest residential areas of the city. The rapid development here in the last decade can be traced to the IT boom in Coimbatore. The locality is a perfect blend of old Chennai and New Coimbatore. The strategic location of Peelamedu, aided by its advantage in terms of connectivity to other parts of the city, has led to the emergence of Peelamedu as a successful residential and commercial hub in Coimbatore that connects the rapidly developing business class IT corridor. Peelamedu traverses the area from Nava India to Coimbatore International Airport near SITRA and is surrounded by major educational institutions, hospitals and industries. In addition major textile and wet grinder industries, a number of foundries, and motor industries of the district are situated in Peelamedu.

Connectivity
Avinashi Road is the main arterial road that runs through Peelamedu and is maintained by Highways and Minor Ports Department. Running diagonally across the city, this 17-kilometres strh has developed into the business hub of the city. Peelamedu is situated at a distance of three kilometres from the airport, six kilometres from Gandhipuram bus stand and six kilometres away from the railway station.

Real Estate
Favourable location and easy navigation has fostered the growth of real estate in Peelamedu, with a number of apartment complexes coming up, initiated by developers including Sai Associates, Victoria Realtors, Kovai Real Estate, TimeZone One .

Social Infrastructure
The social infrastructure of Peelamedu is well-developed. Some renowned educational institutions in and around the area include PSG Sarvajana Higher Secondary School, Sri Gopal Naidu Higher Secondary School, PSG CBSE School, GRG Matriculation Higher Secondary School, National Model Schools, PSG Institute of Medical Sciences and Research, PSG College of Technology, and Coimbatore Institute Of Technology. Healthcare facilities of Peelammedu are ensured by hospitals such as PSG Hospitals, Medical College Hospital, and Aravind Eye Hospital. Several banks including Karur Vysya Bank, Vijaya Bank, and Indian Bank have their branches in Peelamedu with ATM services.