How Tourism Fuels Rajasthan’s Real Estate Growth: A Closer Look

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Rajasthan’s allure as a tourist destination is not just in its royal history and vibrant culture but also in its impact on the local real estate market. 

This article examines how Rajasthan tourism’s status as a tourist hub has become a cornerstone for property development.

Rajasthan Tourism Growth 

Year after year, Rajasthan’s forts, palaces, and deserts draw a growing number of visitors. This sustained influx has directly influenced the state’s economy, with tourism becoming one of the primary drivers. 

The continual rise in tourist numbers has created a robust demand for 

  • Accommodation
  • Food
  • Shopping
  • Entertainment facilities, 

which in turn stimulates the real estate sector.

Real Estate Development in Tourist Hotspots

Cities like Jaipur, known for its Pink City charm, Udaipur with its lakeside allure, and Jodhpur with its blue-hued streets, are seeing an uptick in real estate development. The demand extends beyond hotels and guest houses to include retail outlets, restaurants, and cultural spaces that cater to the needs and tastes of tourists.

Impact and Investment Opportunities in Rajasthan’s Real Estate

As Rajasthan’s cities like Jaipur, Udaipur, and Jodhpur attract more tourists, property values are climbing. Homes and land near popular tourist destinations are becoming more expensive, driven by their appeal for residential living and tourist-based businesses. This surge in demand also means higher potential rental income, presenting lucrative investment opportunities. 

The real estate market in Rajasthan, particularly in short-term rental and commercial properties catering to tourists, is thriving. Investors looking to capitalize on the consistent flow of tourists will find these areas especially promising for profitable ventures. 

This trend marks Rajasthan’s real estate as not just a market for property acquisition but a hub for strategic investment, fueled by its booming tourism sector.

Challenges and Considerations

While real estate in Rajasthan is growing because of tourism, it’s important to think about a few challenges. 

  • Preservation of Culture:
    Real estate development should ensure that Rajasthan’s rich cultural heritage remains unharmed.
  • Environmental Impact:
    New constructions must use sustainable methods to protect the natural environment.
  • Careful Planning:
    Thoughtful planning is needed to ensure new developments blend seamlessly with Rajasthan’s historical and cultural context.
  • Balancing Growth and Preservation:
    Development should prioritize maintaining Rajasthan’s beauty and heritage while accommodating growth.

Conclusion

Tourism and real estate in Rajasthan are closely linked, leading to growth and new opportunities. However, it’s important to plan carefully. 

By focusing on sustainable development, Rajasthan can make sure its real estate market grows in a way that is good for both the environment and its cultural heritage. This careful approach will help the state’s real estate market and tourism thrive together.

Frequently Asked Questions

Q. How does tourism impact Rajasthan’s real estate market?

Tourism drives demand for accommodations, retail spaces, and cultural hubs, boosting real estate development in cities like Jaipur and Udaipur.

Q. What are the best investment opportunities in Rajasthan’s real estate?

Properties near tourist hotspots, short-term rentals, and commercial spaces catering to tourists offer lucrative investment potential.

 

6 Student House Renting Tips: A Guide to Finding the Perfect Rental

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Jaipur is a major academic centre. It is well-known for its new engineering, medical, and other colleges, particularly in Rajasthan. It is also regarded as having the top coaching institutes for PMT, IIT, and UPSC.

That signifies that Jaipur is a centre for students. Every year, thousands of students come here to study. Some of them live in hostels or PGs. Yet, many students rent a room. They cannot afford large rentals as students. They can only pay a small sum. It’s also difficult to find the ideal bachelor pad. Landlords are wary about renting to students, especially boys. All of this can lead to problems. 

Nonetheless, you may still find a nice apartment. All you have to do is think about these student house renting tips.

Top Student House Renting Tips

Here are some key student house renting tips that’ll allow you to find the best house for rent —

Prepare for house renting

Finding a property for rent in Jaipur is a difficult task. It is necessary to plan ahead of time. Search for student-friendly settings that are both convenient and affordable. Make a list of potential venues and determine your budget. 

Examine the location and residences, and make a list of those that fall within your price range.

Location

The first thing to think about is location. If you are looking to rent an apartment in Jaipur, check for areas that are ideal for students. Mansarovar and Pratap Nagar, for example, are excellent places. These are locations for Jaipur’s finest colleges and institutions. As a result, you’ll discover superior housing possibilities here. 

Rent will be higher and less expensive. Renting a residence close to your institution or college will also save you money on commuting.

Inspect every property minutely

The next step is to inspect the property. Make plans to accompany a friend or family member. Two persons are more effective than one at uncovering hidden difficulties. Examine everything, from the quality of the structure to the heating and plumbing. Do more when all of these items have been checked. Take a look around the neighbourhood. 

Indeed, the rental residence should be close to your institution. It does, however, have minimal facilities.

Common amenities/facilities include: 

  • Hospital/Medical
  • Food stores
  • Stationery stores

Do a background check

Your landlord will always do a background check on you. It is preferable if you conduct a background check on the landlord. Inquire with former renters about the landlord. To acquire information, speak with the surrounding residents and businesses. 

Also, if you are going to live with others, learn about them. Your initial contacts will be your housemates. They must be the best and safest.

Try bargaining on the rent

Some landlords may charge you a higher rent. That occurs because parents believe kids are unworthy of keeping the house secure and tidy. Prove them wrong and bargain for a lower price. You cannot expect a high rent to leave you penniless.

Get a rental agreement copy

Nothing should be said verbally. Make a documented lease agreement. Read everything carefully to ensure that you sign off on what you committed to.

Conclusion

Utilize this student house renting tips to locate the best apartments with low rentals. Jaipur is rapidly growing. Academic advancement is beneficial to real estate developers. 

As a result, they provide alternatives for both bachelors and students. Renting a property to a group of individuals is possible in a student-friendly neighbourhood. Nonetheless, following this student house renting tips is required.

Frequently Asked Questions

Q. What is the best way to find a student-friendly rental in Jaipur?

Look for properties near colleges or universities and focus on affordable, convenient areas like Mansarovar or Pratap Nagar.

Q. How can I negotiate rent for a student rental?

Prove to the landlord that you are responsible and trustworthy, and use this to negotiate a lower rent.

How to Make your Guest Room More Comfortable in 5 Simple Ways

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Having a comfortable and cozy guest room is a must, as it not only proves you to be a superb host but also makes your guest feel super comfortable and relaxed. Many of us don’t take the same amount of effort in making or decorating this rarely used room but remember one-time effort will take you and your image a long way into the family and social circle.

Apart from decorating it pleasantly, take a note to stock the room with some essential items. They’ll make the guest feel at home and will also testify your in-depth care for them.

We have drafted a list of must-have items in a guest room. Also, you can mold it according to the visitor’s personality and needs.

Also Read: Emerging Trends in Living Room Décor

1.    Start with basics

Try and anticipate the needs of your guest, think of basic things that are everyday use and have high probability that they’ll forget to bring along. Have a tray stocked with items like – toothpaste, toothbrush, ear bud, floss, shampoo & conditioner, bathroom slippers, lip balm, razor and like.

2.     Make their stay as comfortable as possible

Having to sleep at a different bed can be a bit disturbing. Ensuring that your guest has a warm and comfortable sleep pull out some extra pillows and blankets.

3.    Towels Importance

Make sure that there are enough clean towels for your guests. Have adequate provision of hand towels and washcloths. Also, you can have them in different colours to avoid any mix-ups.

4.     Reading Pleasure

Stock some magazine in your guest room, it would be great to have something in accordance to the taste of your guests.

5.    Closet or Hangers

If possible try providing your guests with a closet so that they can keep their stuff in neatly and don’t have to toss their bag each time they want something. If that’s not an option, leave some hangers.

Also Read: Quit these 5 Lazy Habits for a Cleaner Home

 

Trimurty’s Ariana @ Jagatpura, Jaipur’s New Property Hub

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Trimurty’s Ariana, the premium luxury residential apartments offers amenities above the ordinary. Apart from being a certified green building that offers world-class facilities, Ariana has the plus of being situated at Jaipur’s fast-growing location, Jagutpura.

It is one of the few locations in Jaipur that offers class leading urban facilities. According to one the surveys done by a leading bank, ‘Jaipur has witnessed major activity in suburban spots in the southern zone like Jagatpura.’

 Here are three reasons – Why owning a property (residential or investment purpose) @ Japatpura is profitable?

 1.  Highly Sought-After Location

What is the one major factors that makes a location premium? Well, it depends on the type of residential and commercial projects situated in that area. Japatpura is one of the prominent location for premium and most sought-after projects.

 2.   Perfect investment Opportunity

A leading bank property service report, Japatpura registered an appreciation in property rate of up to 40%. In fact, rentals and investment both options experienced a hike and this trend is believed to continue in the future.

 3.  Proximity to Prime Locations

Jagatpura is well connected to all the posh localities of Jaipur. So, whether you want to socialize, go to work or are looking for entertainment options, everything is well connected via fast transit route. Also, the proposed 100 km road will further make Jagatpura well connected to Agra Highway, Ajmer Highway and Tonk road.

 Talking especially about Trimurty Ariana, everything is a located within a 5-15 minutes parameter –

 Residential colonies – Model Town, Malviya nagar, Pratap Nagar, NRI Colony

 Shopping Malls – World Trade Park (WTP), Gaurav Tower (GT), Crystal Court

 Schools – St. Anselm’s, Vidya Ashram School, Maharaja Sawai Bhawani Singh School

 Hospitals – Apex Hospital, Fortis, EHCC, Narayana Hrudayalaya

Hotels – The Fern, The Lalit, Marriott, Radisson Blu, Clarks Amer, Royal Orchid

 Corporate & Govt. Office Space – Dainik Bhaskar, Genpact, BSNL

 Jaipur International Airport

3 Prime Hopes of Real Estate from Budget 2017

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The Budget 2017 is on the verge of coming into existence, and at such a crucial time the reality market has poured in its demands and views.

Let’s have a look at the three key hopes/expectation that reality market has from BUDGET ’17.

1. Easing of REIT
According to market experts and developers, there is a requirement of – 1. More tax clarity on REIT (Real Estate Investment Trust) and 2. Easing of REIT guidelines. Both these steps will enable secure funding and timely delivery of projects. A hurdle free transaction system for investors and buyers is the need of the hour.

2. Clarity on GST related benefits
The Real Estate is eagerly waiting for clarity over the slabs slotted for construction and real estate market in GST structure. Market experts believe, reduction in tax rates for the benefit of the affordable housing sector.
We sincerely hope, that prospective home buyers come under the lowest GST slab, thus giving greater affordability.

3. Tax Benefits
With tax benefits pouring in like – higher expectation in principal repayment and interest payment, the real estate sector will receive the much-needed boost.
Also, with direct tax-lowering and reduction in stamp duty, will come as vast improvement measures.
Hiking the NRI demand, we feel tax benefits dedicated for NRI’s is also necessary and a much need step.

A few more –

Real Estate Sector would also love if the government took into note following demands –

1. Issuing Industry Status to Real Estate Sector – a demand long due
2. Exemption of service tax from affordable housing sector
3. Single window clearance promotion and hence accelerating the pace of doing business
4. Clarity on PMAY ( Pradhan Mantri Awas Yojana) and its guidelines
5. Incentives to developers involved in skill training & development