Category: Apartment Living

The Indian real estate market is a very closely watched domain, since there are variations and fluctuations in buyer demand and the prices – making it essential for industry watchers, investors, and end users to stay glued. The focus is now on properties in second-tier cities, and Jaipur is one of the most closely watched geographies.

Is It Affordable to Buy Flats in Jaipur?

Well, this is a subjective question since what may seem within reach for some buyers may not be for others. It, therefore, boils down to one’s financial health and also the willingness to splurge.

Jaipur’s real estate prices aren’t as rudimentary like before. There has been a spree of development projects implemented in the city. In fact, it is not as pink as it used to be since industries, educational institutions, and tower blocks are slowly defining the Jaipur landscape.

The local buyer who has seen property prices rising over the years may not be motivated enough to buy into the new blocks. However, his interests and preferences again fulcrum around what his objectives are and how financially strong are his resources. For the modern buyer who lives in the metros and is accustomed to the property scenario in the bigger cities, the prices in Jaipur may sound like a steal.

Should You Invest in Jaipur Flats?

Yes, absolutely! Regardless of whether you view the Jaipur property scene from an investment perspective or for personal occupation, the investment is likely to bear rich fruits in the long run since returns are expected to double in the coming years in Jaipur. This is courtesy their scope for growth and development, flourishing economy, superior infrastructure and stable government.

More than the 2 BHK or 3 BHK flat itself, the investments will turn out more profitable if the buying decision is timed right. At the end of the day, the matter of purchasing flats in Jaipur hinges on buyer market knowledge and proper forecasting. Those who know how to play the game are likely to return home the happiest.

Buying apartment flats has gained popularity over the past few years. For those who have a little bit of money to spend, they get too invest and buy to let as it were. However for majority of people owning glamorous pad is the ultimate price. However when delving in the real estate of Jaipur there are certain things to take in consideration, this however largely depends on the preference, taste and reason of purchasing property.

Off plan

For whatever reason of purchase one might have buying properties off plan, before development of any kind takes place means that it will be cheaper. As expected you will have less financial constraints than buying a finished furnished apartment flat.

Buying for rent

This greatly affects the choice of place to purchase the investment. As expected one will want the place to be in a relatively regeneration area. Near universities or colleges in Jaipur means that regardless of the economy, you will always have demand of tenants

Buy to live

For security reasons and preference, buying flat to live in has different consideration than buying flat to rent. Living a quiet life with a sense of privacy may drive one from the shopping centers to the outskirts of Jaipur. Smaller one bedroom flats are preferred by newlywed couples while 2BHK or 3BHK are preferred by families. However one with a garden flat is preferred and usually yanked off the market in their introduction.

There are property flats for sale in Jaipur that offer added amenities including, leisure complex with swimming pool sauna, gymnasium, Jacuzzi and sometimes tennis courts. These lifestyle apartment are however costly.

Benefits

One of the main benefits of owning apartments in Jaipur is the fact that it’s an area with relatively low insecurity levels. Others benefits of purchasing real estate flats include

• Increased security levels especially if the flat is not in the basement or ground floor.

• Lower tax property cost compared to owning a tax a detached single house

• Inclusion of various social amenities and facilities

• Companionship of having neighbors

• Lower cost of maintenance of a flat in Jaipur rather than houses that have garden maintenance and the likes

Serviced apartments and studio apartments are two common types of apartments with some differences.

Serviced apartments

These are apartments where tenants stay in for a short or long period of time. With these, they find all the amenities in them. Cleaning services are always included in the rent. They are like hotels only that they are relatively cheap and you stay there the for a long period of time. These accommodation facilities are convenient for the international travelers. With serviced apartments you will get additional benefits such as more space and privacy. In most of these apartments you will always have a children’s play zone around, a swimming pool and a health club as additional facilities.These serviced apartments are classified into different categories which are stand-alone,mix-use and apartholes.

Stand-alone apartments

They operate exclusively just like private residential apartments.Basic facilities such as swimming pools and maid services are provided.

Mix-use apartments

They usually have an added retail facility such as a shopping mall.

Apartholes

A type of apartments which are incorporated into a hotel. Tenants here are able to utilize services such as health club, spa and restaurants.

Studio apartments

A studio apartment also known as an efficiency apartment is a small apartment which combines living room, kitchenette and a bedroom in a single room. With this kind of property, you find that the kitchen is commonly at the center or in a very small separate room. The bathroom however, is always in its own room. The studio flats are always the cheapest facility in the real estate industry worldwide.

Though renting a 2 BHK or 3 BHK apartment is cheaper than serviced and studio apartments, they are much inconveniencing if you are staying somewhere for a short period of time.

Studio apartments are always cheaper as compared to serviced apartments. However, the serviced apartments are always comfortable to live in. This is because you get extra services in serviced apartments unlike the studio where you get no extra services.

The pink city of Jaipur had been a consistent performer in the last decade when it comes to the real estate demand for affordable flats. Among the Tier-2 Cities in India, Jaipur has seen a consistent demand for residential apartments. The rise has been steady unlike other Tier 2 Cities that have seen rapid fluctuations in apartment prices due to various factors.

Real Estate experts in Jaipur attribute the availability of affordable flats due to factors such as transparent pricing mechanism adopted by the builders and contractors and the availability of vast stretches of land at affordable costs. Jaipur is an excellent real estate option for families planning to settle there and also for those families looking for an investment opportunity. For families looking to settle there, Jaipur is endowed with world class educational facilities for children in different age groups, medical infrastructure, consistently growing labor market and a peaceful environment needed for raising a family.

If you are one such person looking to buy a residential apartment in Jaipur, there are a number of locations to choose from including Shastri Nagar, Ajmer Road, Manasarovar, Adarsh Nagar, Shankar Nagar and Jagatpura. You can look for a 1 BHK or a 2BHK, 3BHK apartment based on the size of your family and future requirements. There are apartments in Jaipur that come with more than 5 bedrooms. These residential flat complexes comes in built with a number of premium amenities including Club House, Cafeteria, Swimming Pool, Separate play area for Children, Tennis Court, Library, Gymnasium and Automatic Teller Machine (ATM). In addition to residential flats, you can also look for other housing types including Row Houses and Villas. Ajmer Road located close to the Delhi- Ajmer Expressway is one of the locations that have been seeing a spurt in residential construction projects. Residential Flats in Jaipur come with standardized flooring features including Vitrified flooring for Drawing/Dining room, Lobby, Bedroom, Kitchen and anti-skid flooring for Balconies, Utility spaces and bathrooms.

Jaipur offers a residential real estate market, which is not only ideal for families to dwell but also an investment opportunity to be a part of and witness significant appreciation in property value.