Jaipur has a lot of phases to itself, different people have different interpretation of the city. Some associate with Jaipur as a tourist destination, for some it is jewelers hub, for some it’s the best market to buy to traditional Rajasthani wear and Indian dresses, some are fascinated because of the heritage and royal architecture…But from now on to the years following Jaipur will be in news for the booming real estate sector in the city. The city is experiencing a full swing building and constructional activities with top class residential projects in Jaipur coming up.
Attractive Investment Opportunities
The popular tourist destination, Jaipur has seen a lot of developments in terms of IT/ITES companies entering the Jaipur market due to affordable labour and cost of operation in the last few years. As a result Residential Properties in Jaipur as well as the commercial ones have seen a lot of developments in terms of property transactions.
Potential to fit in the rising demand
Knowing that the ratio of demand to supply is deficit, there has been remarkable escalation in the Residential Projects in Jaipur. The infrastructure is now powered by connectivity with the 8-lane expressway and proximity to international airport. It is estimated by the property experts that the city will witness an escalation by 25-30% by 2015.
Residential Properties-The focus sector
Jaipur builders are majorly concentrating in investing the market of residential properties in Jaipur. Numerous premium villas, mulch-storied apartments, studio flats and residential townships are being developed in Jaipur. Jaipur real estate builders are of the view point that investors are ready to buy apartments in Jaipur but the demand has shifted from the Walled City or Old Jaipur to locations like Ashok Nagar, C-Scheme and Lal Kothi. Vidhyadhar Nagar, Vaishali Nagar and Mansarovar.
These upcoming residential locations are mainly on the outer fringes of city. New residential projects like Trimurty’s Aurum, Mahima’s Nirvana, Omaxe City, Sushant Lok, Parsvnath Narayan City, Amarpali and Vatika Infotech are coming along Ajmer Road, Tonk Road and Kalwar Road.
In the upcoming residential projects in Jaipur, Mansarovar, Ajmer Road, Bani Park, Malviya Nagar and Raja Park have also witnessed a decent appreciation in the last two years.
Jaipur has surely created an interest among builders from across the country to set their feet in the city.
