Jaipur, India’s pink city has recently been experiencing an upsurge in the city’s real estate industry. Jaipur is one of India’s planned cities and it is located in close proximity to India’s capital city of Delhi. Most of the potential homeowners are attracted by the budding property market in Jaipur. Property is more affordable in Jaipur as compared to India. The rapid growth in Jaipur’s property market can be attributed to factors that include:
The planned city structure upon which Jaipur is built -This means that the city’s foundations had been thought out ahead of time and all the mushrooming buildings had also been planned for. The planned city structure ensures that all property is erected according to set standards and it also prevents the emergence of slams which often arise from congestion and building of unplanned structures.
The city is closely connected to Delhi – This makes Jaipur attractive to property developers and potential home owners. The distance between Jaipur and Delhi has been shortened by the creation of the Delhi-Jaipur highway which connects the two cities.
Jaipur is rich in culture and heritage – This attracts tourists to the city and this in turn attracts property developers to develop property in the city to host the visiting tourists.
Low property cost in Jaipur – The low has attracted property developers to develop property in Jaipur. Investors and home owners have also been attracted to invest and buy into Jaipur’s property market.
The housing facilities and global living standards in the city of Jaipur continue to attract tenants from different cities in India.
The booming IT and IPO business in Jaipur continues to attract property developers to erect buildings for modern commercial spaces. This also contributes to the advancements seen in Jaipur’s property market.
The above mentioned factors have contributed to the upsurge being witnessed in Jaipur’s real estate industry. And this trend in the property industry is estimated to continue far into the future.
