Real Estate In Jaipur
25 Sep 2014 12:05:53 PM
Jaipur is proving to be one of the most lucrative options for Property investment among Tier II cities. It is scoring on the back of factors such as proximity to Delhi, affordable rates, infrastructure development, good returns and several reputed Builders having projects there. Experts believe that property rates are expected to rise in the future owing to the infrastructure Development planned in addition to many high-rise buildings also coming up in the city.
Jaipur is just 258 km from Delhi and is one of the fastest growing business hubs of this region. It is also acquiring a name for itself for its planned city layout and architecture. A state rich in mineral resources like zinc and copper, Jaipur offers innumerable options and varied opportunities. Rajasthan Industrial Corporation has planned an IT park in Sitapur with excellent connectivity with Jaipur. The companies that changed the face of Gurgaon have now shifted focus to Jaipur. IT companies like Infosys and Wipro are also scheduled to set up bases in Jaipur. Reputed Developers have plans of developing integrated townships with world-class infrastructure. The government is also giving added incentives like allowing 100% private investment. An upgraded airport at par with international standards caters to tourists as well as corporates.
Available at affordable rates even now, the expected appreciation of Jaipur Real Estate is a huge attraction for investors within and outside the country. Land prices range between Rs. 10000-60000 per square yard while Gurgaon offers land at Rs.48000-85000 per square yard. High Rentals, good returns on investment, a secure environment, and improving infrastructure make Jaipur one of the most attractive investment options among Tier-II Indian cities. Forming a part of the golden triangle along with Delhi and Agra, business activities are flourishing in Jaipur. Education, employment, and tourism are some of the major attractions here and the city is witness to a large number of tourists from all over.
Development of large-scale self-contained integrated townships comprising of Residences, Commercial Establishments, shopping complexes, a 50-acre IT park, five-star hotels, medical facilities, educational establishments, and recreational facilities are attracting investors to Jaipur.
in the last fiscal year 2012-2013, the rates were improved by 8-10%, while some of the posh localities of Jaipur, like Civil Lines, Vaishali Nagar, Subhash Marg and Ajmer Road displayed a comparatively higher growth rate of 15%. There has been surging demands for the Residential Properties in the city, which led many Developers and Builders to come up with their world-class residential projects. The process of these new projects is 5-7% higher than the current market prices; still they are selling like hot cakes owing to the specifications they offer. The market analysts are expecting the year 2013 to bring in higher prices of the properties by more than 20%.
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