Jaipur, also known as the Pink City, is one of the most famous tourist destinations of India. The city is popular for its old forts and gems/jewelry business, and is also one of the fastest growing business centres in North India. It is one of the most well planned cities in India and is located in close proximity to Delhi, as it is well connected by the Delhi-Jaipur highway. It has good connectivity with all major cities, through road, railways and airline.
A major trend in Jaipur’s real estate market is that people are shifting their preference from houses to residential apartments, primarily for security reasons. In recent times, the demand for residential apartments in Jaipur has grown manifolds. As the number of IT firms and business houses in the city are increasing, the city’s residential as well as commercial real estate market is flourishing like never before. With the number of new residential projects in Jaipur increasing constantly, the city is becoming a top notch real estate destination of the country. Continue reading
In India, the real estate market is a much better investment option that that of any other. The main reason behind it is the better return on the investment. However, prior investing in any sector, you need to know everything about the market along with the sector in which you want to invest your money. Currently one of the booming sectors is the real estate market, and specially of a developing city. Real estate in Jaipur can be taken in consideration for the same, as Jaipur is developing at quite a rapid speed and today, people are considering the city as their preferred location.
When we talk about this city with the investment prospective, it is very important to know what are the possible sectors in real estate to invest. You can invest in both residential as well as commercial sectors. Presently, there are a lot of plots for sale in Jaipur in which you can invest. Also, various builders are coming up with different types of projects in Jaipur. Projects not only include apartments and floor houses, but also independent house in Jaipur. In recent times, the builders investing in the real estate in the city are taking care of the locality as well as all the amenities.
Further, the sub-sectors of the city are growing constantly which means, we will see a well developed city in another year or two. With so many magnificent views and popular places, Jaipur is going to be the next metro city of India. The city demonstrates a good option for real estate growth and also a great business prospect is there which tempts the investors from different parts of the country.
Jaipur, being one of the fastest developing cities of Northern part of India is establishing beautifully with good infrastructure, including striking landscape, well-maintained roads, magnificent gardens and more. Moreover, the city’s current structure and surroundings are perfect for commercial growth as well. Its present market indicates a good growth of institutional and corporate sector. It has also been computed as the safest destination for both investors as well as the people who want to start their lives here.
The Pink City, Jaipur forms one of the three constituents of the ‘Golden triangle’ – Delhi, Jaipur and Agra. It is today considered to be the fastest growing city in Northern India after Gurgaon. The city is known for its historical forts, monuments, handicrafts, jewellery and its scenic beauty. A popular and a favorite tourist destination of the country, this city is also making its mark in the real estate in recent years.
Reasons for Popularity
- There are a number of factors that are leading to a rise in the demand for properties and houses in Jaipur. Some of the most important ones are:
- Clean city, less pollution, wide and improved roads, environmental friendly and close to Delhi.
- Easily connectivity via roadways, airways and railways.
- Major companies, brands, MNCs are coming here like as Honda, Infosys, Cisco, Wipro, HCL, Coca Cola, Mc Donalds etc.
- Stable political scenario
- The city boasts of the best 5 star hotels by the Taj group, Welcome group, Oberoi Group, including other heritage hotels.
- Fast becoming a centre of quality education, healthcare and superb infrastructure
- Better scope for businesses
- Low cost of establishment
Property Prices Rising
Yes, the prices of Jaipur Residential Property are increasing. According to a report published in 2013, the per square feet (psf) price for buying Residential Properties in Jaipur was Rs. 2,989 which was a appreciation of 22% compared to the previous year when the psf price was Rs. 2,455. In 2014, the price is anywhere between Rs. 3000 to Rs. 3500 per square feet. Infact, certain localities have much higher rates. There has also been an increased demand for residential plots in Jaipur Ajmer Highway as these are now available at very cost effective rates but very soon the prices will increase.
Commercial and Residential Projects in Jaipur
One of the biggies in the real estate market, Vatika Group is developing a large number of Projects in Jaipur, both commercial and residential. These projects in Jaipur comprises houses, plots, row housing, condominiums, IT parks, recreational centres, shopping centres, hotels, malls and many other facilities. With a social environment conducive to economic growth and prosperity, Jaipur is projected to be India’s Mega City by 2025.