Real Estate - Investment in Jaipur
Jaipur, the Pink City of India, also popularly known as PARIS OF INDIA is the first planned city of India, located in the desert lands of Rajasthan.
Being an international tourist destination, Jaipur is a fine fusion of cultural heritage & modern economic development. It is the fastest growing city in Northern India, embellished with wide & improved roads, cleanliness everywhere, lower level of encroachments, and beautified by landscaping & tree plantations, development of gardens, parks and water parks.
Over the last decade, Jaipur has made tremendous progress in terms of tourism, employment, economical growth, and not to forget REAL ESTATE. In the real estate market, this pink city has made wonders and is still optimistic for future growth.
The fact can be evidenced by the fact that there have been lots of multinational companies setting up their business portals in the pink city. The city has been on the radar of the IT and Business Process Outsourcing (BPO) companies, for the past few years. HSBC, Genpact, Tata AIG, Reliance Infocomm, Yes Bank and Standard Chartered have already established a strong foothold in the city and many more are exploring the possibilities of setting up their centers too.
As far as internal infrastructure of the city is concerned, the city is reputed to be the first to have wide roads even before independence. The city of Jaipur enjoys enviable connectivity with all major cities of the country. At about 250 kms, Jaipur is equidistant to cities Delhi and Agra. Jaipur is one of the three important constituents of the ‘Golden triangle’ of Jaipur, Delhi and Agra. Recently, the Jaipur-Agra Road was converted into a six-lane expressway.
However, rail connectivity with central and southern India leaves much to be desired, while the road and air links are quite well established.
Jaipur boasts of the only international airport in Rajasthan and major airliners are drafting plans to launch or to increase the number of flights from Jaipur airport to the other major parts of the world.
The people who are planning to invest a little and hoping to get huge payback, Jaipur is the best option anyone can get. A comprehensive master plan is being laid to cater to the needs of the city growing in terms of population, area and services. New Master Development Plan 2025 proposes to develop satellite towns in Bagru, Bassi, Chomu, Achrol, Jamwa Ramgarh hoping that it will fulfill the would-be scarcity of accommodation in the city.
As for housing and residential development, the plan intends to divert some 7-lakh residents to the satellite townships around the city. Currently, the city’s population is about 4 million.
According to industry insiders, not just end-users but investors are also pumping money into Jaipur’s residential projects keeping in view the city’s high-growth potential.
The city has abundance of Good investment opportunity in real estate. Residential, commercial plots, agriculture lands and Independent Houses available at various locations of C-Scheme, Tilak Nagar, Malviya Nagar, Civil Lines and Bani Park. Flats or apartments are generally available in the range of Rs 6-lakh and Rs 25 lakh in these areas while decent absorption rates is observed for luxury penthouses at C-Scheme at Rs100-lakh plus.
Jaipur promises a calm, crimeless, as well as serene environment for the visitors, and that is why the city has been gaining tourists as well as business machinery at an alarming rate. One can think to invest in this region, as it will give a very good return in the future, experts say.
So, it's the time to make more money by less investment in a city that promises to return a good sum-assure.