Jaipur, a popular tourist destination in the state of Rajasthan, has emerged as a hot realty destination in India. With the growth of major industries, Jaipur is also one of the fastest growing business hubs. Read on to know about Jaipur real estate.
Pink city is now turning into ‘Golden City’… You must be thinking that how! Well, popularly known as the ‘Pink City of India’, Jaipur is emerging as a hot realty destination that makes it a Golden City for property investors! Associated with gems, jewelry, and tourist destinations, the city has much more to its credit. It is now also considered as the best option for property investments.
Real Estate in Jaipur
Known for its rich culture, heritage, lifestyle and traditions, Jaipur city is gaining the much deserved attention from property investors across the country. The presence of multinational companies attracts many job seekers, which in turn results in the rising demand for residential property.
Situated approximately at a distance of 260 km from Delhi, Jaipur is well-connected to nearby cities through rail, road and air. Business activities are increasing in the city as it constitutes a part of the ‘golden triangle’ with Agra and Delhi. Being the major attraction for tourists from across the globe, the demand for hotels, resorts, restaurants and lounge is increasing day-by-day. This in turn increases the demand for property in Jaipur. With excellent connectivity from Jaipur, the companies are increasingly shifting their base to the city. Apart from connectivity, there are numerous factors that make it a popular option among people willing to buy a house in Jaipur. Some of the major factors include affordable property price, reputed builders, job opportunities and educational institutions.
Residential Projects and Property Price
Jaipur real estate offers a broad range of residential options such as villas, independent house, and apartments. Some of the popular residential projects in the city include Mahima Elanza in Mansarovar, Gokuldham in Ajmer Road, Coral Srishti in Sikar Road, Jai Villas in Civil Lines, Virat Enclave in Kalwar Road, and the Grand Residency in Sirsi Road. Gokuldham in Ajmer Road offers 2, 3 and 4 BHK apartments at an attractive price range of INR 33.04 Lac (s) to INR 82.72 Lac (s). The property price in Jaipur is much affordable than other cities like Delhi, Gurgaon, Mumbai and Bangalore. One can buy a 3 BHK flat in Coral Srishti, Sikar Road at an attractive price of INR 26 Lac (s). (Price as on July 3, 2013)
Real Estate Builders & Infrastructural Development
The reputed builders in the real estate market of Jaipur play a crucial role in its growth. The renowned developers like Parsvnath, Emaar MGF, Omaxe and Ansals have offered numerous residential and commercial projects. The residential apartments in the city offer lifestyle amenities and attractive features. Not only in residential sector, the growth of property market in other segments like commercial, retail and office premises is also notable. The infrastructural development in the city is flourishing by the emergence of more IT Parks, Hotels, Special Economic Zones, Educational establishments, Automobile plants, and the rising mall culture.
Why to Invest in Jaipur Property?
Let’s take a quick look at the key features that make Jaipur one of the preferred realty investment destinations.
Estimated to become a Mega City by 2025, thus offering all the best features of a metropolitan city.
Proximity to the National capital of India, Delhi makes it a hot property location.
Developing as a prime location for IT/ ITEs companies make the city a major attraction for job seekers.
A major tourist attraction that adds to the glory of the city.
Availability of a plethora of reputed medical centers, hospitals and educational institutions.
Great connectivity
All these features contribute much to the growth of realty market in Jaipur city. So, what can you ask more than a beautiful house at an affordable price!
A little info about author:
Swati Srivastava is a professional writer who loves to write on various real estate topics for 99acres.com. The above article offers an idea about the real estate scenario in the city to help you find an affordable and beautiful house in Jaipur.