Learn everything about the Real Estate Growth Scenario for Jaipur and how investing in Jaipur Real Estate can give you better ROI
Brief Overview about Jaipur
Established in 1727, by the Rajput ruler Jai Singh II, then ruler of Amer, and designed by Vidyadhar Bhattacharya. It was one of the earliest planned cities in India. Jaipur (also famously known as the pink city), is historically known for its spectacular monuments, culture, food, dance, and traditions.
A city home to several amazing sites is now emerging as a hub where development is spreading its root in every corner. Jaipur is witnessing a significant transformation when it comes to infrastructural developments and attracting various kinds of business investments from various economic sectors.
The Real Estate sector in Jaipur is growing massively. Hence, providing a golden opportunity at the hands of future investors and homebuyers. This blog explores the growth scenario of the real estate sector in Jaipur and why Jaipur should be the top priority for investors around the world. (Also refer to How investing in Properties can be a great decision.)
Why You Should Invest in Jaipur Real Estate?
Investing in property is one of the most important decisions in life. It is because of the huge money involved apart from influencing your future. Wrong property investment can be a very daunting experience, that could hamper your growth and overall well-being.
Check out our guide on – Top 10 things to look at before buying a property.
Investing in the Jaipur real estate market would be a fantastic idea because it is one of the top locations in the country that has the fastest expanding markets with significant infrastructure development.
Property values are expected to rise sharply in and around the city once the metro, ring road, and other infrastructure projects are completed. With Jaipur drawing the attention of several major MNCs and big corporations, there is much room for future growth and development. Even short-term investments can be really beneficial at this point in time.
Some reasonable arguments to invest in Jaipur are as follows:-
- Opportunities for persons looking for work and advancement.
- People are nice and welcoming.
- The city’s proximity to major Indian cities like Delhi, Gurugram, Noida(roughly 3 -4 hours away).
- Less pollution in the environment.
- With domestic and international flights, the airport has excellent connectivity to all parts of India and the world.
- Excellent connectivity through railways and roads.
- Wide and excellent roads.
- Major Indian Industrial corridor DMIC (Delhi-Mumbai Industrial Corridor) passes through it.
- The Golden Quadrilateral includes Jaipur, which is anticipated to become a megacity by 2025.
- Over the next five years, more than $2 billion in investments are anticipated to change Jaipur.
- Jaipur is one of the country’s busiest tourist destinations and a gateway to the state’s most popular attractions.
- It is a major industrial center for Silver jewelry, gemstones, clothes, carpets, handicrafts, marble and stone items, footwear, engineering products, and others.
- Mahindra & Mahindra is developing a massive SEZ (Special Economic Zone) near Jaipur.
- Jaipur is also the home of the Reliance Group’s Medicity and is one of the country’s most rapidly developing healthcare and educational hubs.
- With leading firms like Infosys and Genpact establishing their operations in Jaipur, the IT and ITeS sectors are thriving.
Property Rates in Jaipur’s Realty Market
Property rates are influenced by a variety of factors, including the type of facilities, location, infrastructure support in the area, builder reputation among others. According to property experts, the current property valuation in Jaipur and its neighborhood range from Rs 3,500 to Rs 4,500 per square foot, which is the basic selling price.
Future of Jaipur’s Real Estate
Being the capital of Rajasthan, Jaipur city had a fast growth and is still growing. Under the Smart cities mission, both the Union and State governments are pushing a very swift drive towards the development of 100 major urban centers in India by 2025.
Governments are projecting them as “Pillars of modern India” Jaipur being part of it along with Udaipur, Jodhpur, Ajmer is bound to emerge as a booming market for real estate purposes.
With the Smart city mission, the city aims to improve the overall quality of life by holistically addressing each pillar of the development, including social, economic, physical, and institutional aspects. Because of the royal heritage and modern lifestyle, Jaipur is the city of attraction for new investors.
Also Read: Real Estate Market in Jaipur
Popular Places at Jaipur
If a city has some popular places which attract tourists regularly, it is valued beyond anything. Jaipur, the pink city is blessed with plenty of amazing locations that hold immense historical value. The city has something to offer for every age group. Given below are some of the most famous places in Jaipur City.
- Amer Fort
- Nahargarh Fort
- City Place
- Jantar Mantar
- Nahargarh Biological Park
- Galta Ji
- Chokhi Dhani
- Jaigarh Fort
- Albert Hall Museum
- Hawa Mahal
- Pink Pearl
Places like these give us many reasons why Jaipur is the best location for investment in Real Estate.
Top Residential Property Locations to Invest in Jaipur
Being one of the fastest developing cities in Rajasthan, Jaipur at present offers various premium locations where investment in residential property can bring back amazing returns in the future.
Given below are some of the best locations that one should consider for investing in real estate purposes:
- Mahindra SEZ
- Jagatpura
- Vaishali Nagar
- Sitapura Industrial Area
- Malviya Nagar
- C-Scheme
- Mansarovar
- Bani Park
This blog by Manglam radiance is an attempt to introduce you, the world to the limitless potential of Jaipur city. It is soon going to be number one in many other things in obvious ways. It’s a golden opportunity for investors and homebuyers to onboard their stake in the future land of prosperity.
Other related articles:-
