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 business centers 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 the main cities of the country through all means of transport, that is, roads, railways and airlines.
Jaipur real estate is experiencing an increase 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” that underscores the fact that its foundations have been laid after careful planning and diligent research.
o Second, its close connection to the national capital, Delhi, has made it a preference for property developers.
o Third, Jaipur, the tourist destination denotes heritage and culture that attracts more and more Indians to invest in properties available in the city.
o Low property prices in Jaipur’s burgeoning real estate market are another important factor capturing investors’ attention.
o In addition, the global standards of living and housing facilities offered by real estate developers in Jaipur are attracting more and more investment from NRIs.
o In addition to this, the IT wave and the boom in the BPO sector in Jaipur are considered by market experts as the breakthrough for Jaipur real estate as it has driven the demand for modern commercial spaces.
o In addition, the property in Jaipur promises excellent returns on investments with several leading real estate developers such as Ansal API, Omaxe City, Vatika City, etc; residential projects like Royal Greens, Suncity, etc. and commercial projects like Okay Plus Square that will soon be launched in the city.
All the above reasons are more than enough to induce property developers and property buyers to invest money in real estate in Jaipur.
The complete commercialization of Delhi has totally congested it and almost choked its housing market. Property prices are hitting an all-time high, but this has proven to be very beneficial for the cities around Delhi. The development of the UP districts Gurgaon and Noida followed by Greater Noida and Faridabad now extends to Jaipur. Jaipur already ranks high in its tourism and hotel sector and is now heading towards the real estate industry in full swing. Property prices in Jaipur have risen but are forecast to rise further in the coming years after the completion of several projects under construction. The properties in the city are affordable despite the price increase 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 most anticipated projects by real estate development masters are:
Sushant City (Jaipur): modern infrastructure, high security, natural surroundings and more than 40% of space dedicated to the playing area, 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, health clubs, medical and educational facilities and much more. The Destination Mall is also planned.
Several projects from Panchsheel Developes, Era Group, Mahindra World City and Melange offer mega municipalities of global standards. The recently launched projects are a 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. They are among the commercial projects to come.
The real estate sector in Jaipur will continue to enjoy the uptrend with huge residential and commercial investments being made. It’s a lucrative next investment destination for buyers and developers alike.