Jaipur, the pink city, is one of the most popular tourist destinations in India. The capital of Rajasthan, Jaipur is famous for its gems and jewelry business and is among the fastest growing business centers of North India. It is one of the planned Indian cities located in proximity to Delhi, well connected by Delhi-Jaipur highway. It offers good connectivity to all the major cities of the country through all mediums of transport i.e. road, railways and airline.
Jaipur real estate is witnessing an upsurge in its real estate market in current times for various reasons. They could be listed as:
Firstly, it is a planned city that underlines the fact that its foundation has been laid after careful planning and diligent research.
Secondly, its close connection to the national capital, Delhi has resulted in it becoming a preference for property developers.
Thirdly, Jaipur, the tourist destination denotes heritage and culture which attracts more and more Indians to invest in property available in the city.
The low property prices in the booming Jaipur property market are another significant factor capturing attention of investors.
Also, the global standards of living and housing facilities offered by real estate developers in Jaipur is increasingly drawing investments from NRIs.
In addition to this, the IT wave and the boom in BPO sector in Jaipur are considered as the breakthrough for Jaipur real estate by the market experts as it has boosted the demand for modern commercial spaces.
Moreover, the property in Jaipur promises excellent returns on investments with various leading property developers like Ansal API, Omaxe City, Vatika City, etc; residential projects like Royal Greens, Suncity, etc. and commercial projects like Okay Plus Square coming up in the city soon.
All the above reasons are more than enough to induce property developers and property buyers into investing money in Jaipur real estate.
The complete commercialization of Delhi has made it totally congested and has almost choked its property market. The prices of property are touching an all time high but this has proved highly beneficial to the cities around Delhi. The development of UP districts Gurgaon and Noida followed by Greater Noida and Faridabad is now extended to Jaipur. Jaipur already ranks high in its tourism and hospitality sector and is now heading towards real estate industry in full swing. Property prices in Jaipur have been upped but are slated for further increase in next few years after the completion of various under construction projects. Property in the city is affordable in spite of the hike in prices as they are lower than in metro cities like Delhi, Mumbai, Bangalore, etc. There are many upcoming residential and commercial developments taking place across the city.
Some of the most awaited projects by masters of real estate development are:
Sushant City (Jaipur): Modern infrastructure, high security, natural environs and more than 40 % space dedicated to playing area, jogging track, parking and other community facilities makes it special.
Vatika Group (Vatika City): This Infotech city project on 800 acres is an integrated township with shopping complexes, recreational centers, health clubs, medical and educational facilities and much more. Destination Mall is also planned.
Various projects by Panchsheel Developes, Era Group, Mahindra World City and Melange offer mega townships of global standards. The recently launched projects are large number and include Platinum Greens, Green Heights, Garden City, Blossom city, Westend Heights, Vatika Greens, Elite Residency, Holiday Homes, Pearl Residency, etc. The City Pulse, Crystal Mall, Crystal Palms, Crystal Courts, etc are among the commercial projects coming up.
The real estate in Jaipur is to continue enjoying the upward trend with huge residential and commercial investments being made. It is an upcoming lucrative investment destination for both the property buyers and property developers.