Jaipur, the pink city, is one of the most popular tourist destinations in India. The capital of Rajasthan, Jaipur, is famous for its gem and jewelry business and is among the fastest growing commercial hubs in North India. It is one of the planned Indian cities located in the vicinity of Delhi, well connected by the Delhi-Jaipur highway. It offers good connectivity to all major cities in the country through all means of transportation, ie road, rail and airline.
Jaipur real estate is experiencing a boom in its real estate market in the current times for various reasons. They could be listed as:
o First of all, it is a ‘planned city’ which underlines the fact that its foundations have been laid after careful planning and diligent research.
o Secondly, its close connection to the national capital, Delhi, has made it a favorite for property developers.
o Thirdly, Jaipur, the tourist destination denotes heritage and culture which attracts more and more Indians to invest in available properties in the city.
o The low property prices in Jaipur’s booming real estate market are another major factor that captures the attention of investors.
o Furthermore, the global standards of living and housing facilities offered by property developers in Jaipur are attracting more and more investment from NRIs.
o In addition to this, the wave of IT and boom of BPO sector in Jaipur is considered by market experts to be a great development for the Jaipur real estate sector as it has boosted the demand for modern commercial spaces.
o Also, property in Jaipur promises excellent returns on investments with several leading real estate developers like Ansal API, Omaxe City, Vatika City etc. residential projects such as Royal Greens, Suncity, etc. and commercial projects like Okay Plus Square coming soon to the city.
All the above reasons are more than enough to induce property developers and property buyers to invest money in Jaipur real estate.
The complete commercialization of Delhi has completely congested it and almost choked its real estate market. Property prices are reaching an all-time high, but this has proven to be very beneficial for the cities around Delhi. The development of the UP districts of Gurgaon and Noida, followed by Greater Noida and Faridabad, now extends to Jaipur. Jaipur already ranks high in its tourism and hospitality sector and is now heading towards the real estate industry in full swing. Property prices in Jaipur have increased but are expected to rise further in the coming years after the completion of various construction projects. Property in the city is affordable despite rising prices as they are lower than in metropolitan cities like Delhi, Mumbai, Bangalore etc. There are many upcoming residential and commercial developments taking place throughout the city.
Some of the projects most anticipated by real estate development masters are:
Sushant City (Jaipur): Modern infrastructure, high security, natural environment and more than 40% space dedicated to playground, jogging track, parking lot and other community facilities make it special.
Vatika Group (Vatika City): This 800-acre Infotech city project is an integrated municipality with shopping complexes, recreation centers, gyms, medical and educational facilities, and much more. Destination Mall is also planned.
Several projects from Panchsheel Developes, Era Group, Mahindra World City and Melange offer mega-towns of global standards. The recently launched projects are numerous and include Platinum Greens, Green Heights, Garden City, Blossom city, Westend Heights, Vatika Greens, Elite Residency, Holiday Homes, Pearl Residency, etc. City Pulse, Crystal Mall, Crystal Palms, Crystal Courts, etc. are among the upcoming commercial projects.
The real estate sector in Jaipur will continue to enjoy the uptrend with huge residential and commercial investments being made. It is a lucrative upcoming investment destination for both property buyers and property developers.
