Jaipur Property, One of the Fastest Developing Markets

Jaipur, the capital of Rajasthan has emerged as the 2nd fastest growing city in India. A popular tourist destination, it is well connected to the nearby cities including the national capital. Being few hundred kilometers away from Delhi, it gets the advantage of its location as property in Jaipur comes in the spotlight and becomes popular among both developers and investors. This new destination of modern living is already counted among the most preferred centers for property buying and investing.

Jaipur real estate offers immense scope for development as Delhi property market reaches saturation. Some of the reasons that led developers to look for other potential realty destinations in the country are:
(a) The dearth of opportunities available for investment in realty markets of metro cities of Delhi, Mumbai and Bangalore,
(b) The sky rocketing property prices in metropolises made it necessary to look for other cheaper avenues around them,
(c) The plethora of options available in smaller cities in the form of low cost investment and promising returns in future make them highly lucrative.
(d) Being a part of the ‘Golden Triangle of India' (Delhi, Agra and Jaipur), it is one of the hottest tourist attractions and offers a huge sphere for land development and expansion.

Apparently, Jaipur is now among the upcoming property development hubs of the country. From residential to commercial and retail, all segments of property inJaipur realty are developing at a rapid pace. And the best part of it all is that these developments are carried out by leading private realty players of the country like Parsvnath Builders, Vatika Housing, Omaxe Limited, Panchsheel Developers, Sahara Group, Ansals, etc. Thus, from affordable and luxury housing, group housing apartments, integrated townships, row houses, villas etc. to office, spaces, SEZ and IT parks to shopping malls, multiplexes, convention centers, five-star hotels, leisure zones, amusement parks, etc., Jaipur property market is witnessing it all. Along with such developments, both the property rates and the rentals are multiplying speedily bringing in considerable hikes of around 15-40% particularly in the popular areas of the city.

The fastest developing areas in Jaipur real estate are mostly those surrounding the setups of IT companies like Malviya Nagar, Civil Lines, Bapu Nagar, etc. With new support policies from the government, the Pink City is developing from all sides without disturbing the basic town planning, ready to witness more than a dozen skyscrapers. Jaipur is the 1st planned city in North India heading towards becoming an ideal destination for investments. Known for jewelry and gems business, marble and granite mines, minerals like zinc and copper; Jaipur is the fastest growing commercial hub of North India. Besides being a business center, it also signifies culture and heritage presenting a marvelous blend of old and new or tradition and modernity. The high class facilities, the excellent infrastructure and the luxury living offered in Jaipur at affordable prices is what makes it an ideal place to live. It is for these reasons that property in Jaipur is favorable among both buyers and investors.

An established tourist spot, an upcoming IT destination and a rapidly developing realty center; Jaipur is on its way to becoming a world class city. The acceptability of mall culture has also opened various avenues for organized retail sector. Some of the major property projects are coming up in areas like Tonk Road, Bani Park, Patel Road, Ashok Marg, Bhawani Road, Kalwar Road, MI Road and Jaipur-Ajmer highway among others. The property market of the city can be seen progressing at an unprecedented pace as developers, investors, corporates and buyers come forward to create demand for realty in Jaipur.