Deemed as one of the most planned cities in India, Jaipur is gaining its ground on the realty sector since the past few years. As the growth of a city is measured in terms of infrastructure and the focus of big corporate, Jaipur is on a roll as Special Economic Zones (SEZ) and big developments plans are on the prospective list. It is anticipated to be one of the 10 megacities of India by 2025. With the rise in the corporate sectors, there is an equal rise in the demand for residential properties.
Jaipur has the highest population growth among the tier II cities (49% in the last decade). With the high population growth, the demand for residential properties has increased. A large number of integrated townships have grown up in the city that includes everything from office spaces to exclusive residential spaces.
The heritage of Jaipur is also a reason there is an increasing amount of interest among the investors. The ‘Pink City’ is included in the ‘Golden Triangle’ tourist circuit that also includes Delhi and Agra. There are a number of famous tourist attractions including the World Heritage Site, Jantar Mantar.
The major advantage in location is the fact that it is in proximity to Delhi, the capital. Delhi is located around 4-5 hours’ drive from Jaipur. With its good network of transportation and connectivity, the city has grown into an attractive option for real estate investors. It is also located in the national highway network, Golden Quadrilateral, connecting major cities of the country.
Jaipur is also becoming a hub for big players in the IT and commercial sector with companies like Genpact, Infosys, IBM etc. already present. There are a lot of good colleges from where companies are ready to pick future employees, leading to the current boom in the industrial and commercial sector. With good prospects in the development of the city, there is a lot of potential of the city to attract investors.
Jaipur is one of the most favoured tourist destinations in India. More than 60% of tourists coming to India visits Jaipur, which is a reflection of the excellent law and order situation here along with stable political scenario. This makes the city favourable for investors.
New Projects being Developed
There are a number of upcoming projects in Jaipur. Let us take a look at the following projects that have been launched there:
Situated off Jhotwara Road, Manglam Aanchal is a new residential project launched by Manglam Build Developers. Offering perfect living conditions in Jaipur, the property consists of well-designed 2BHK and 3BHK apartments. The sizes of the apartments range from 1070 sq.ft. – 1590 sq.ft. and the price of these apartments are in between 35 Lakhs and 52 Lakhs (as of April 10, 2015).
Vardhman The Horizon
Another residential development in Jhotwara Road area, Vardhman The Horizon is being developed by the renowned Vardhman Group. Offering a number of facilities, the property consists of 2BHK and 3BHK apartments with sizes ranging from 901 sq.ft. – 1545 sq.ft. The prices of these apartments, as of 12th Nov 2014, start from around 33 Lakhs.
With the rapid development of the city and easy connectivity to Delhi, Jaipur is fast becoming a great option for investing. If you are interested in investing on your second home or a holiday home, Jaipur is the perfect choice.