The city of Jaipur is well known in India and abroad as the Pink City owing to the color of the marble that is found here and used widely in many of the ancient and medieval construction found here. This is a city which is steeped in its historical background and thus attracts various groups of people from different parts of the country as well as the rest of the world. Tourism is a very important and significant industry in this city that has also been instrumental in fixing the property rates in Jaipur. There are those who have widely invested in some of the best properties and at prime locations. These have not only created a scarcity and a resultant demand for more but even hiked the present prices for the future.
Another aspect that has left its influence on the property rates in Jaipur is the wide scale development that has taken place in the city over the years. More and more newer companies in various sectors have opened offices along with their industrial setups and factories too. this has not only added more fund to the economy bringing enhanced buying power to the people; it has also led to the growth of real estate developments that have been started by companies well known for the projects all over the country. a closer study will show that there have been local real estate companies and a section of them have also been from other parts of the country who have considered it a viable proposition to invest here and develop projects that will bring back better returns.
Property rates in Jaipur may also have been affected considerably by the incorporation of modern designs and planning that is new in the region. There is a style of architecture and planning that was traditionally followed here with not much scope for change and variation. With the growth and foray of newer companies there are changes that have been brought about; new planning and design with the inclusion of modern facilities and amenities. There is a balance of greenery and concrete created in the prime locations of the city which has been able to attract buyers even more. Care has been taken for the daily and regular needs of the people and these have been either included in the plan of the housing or ensure to be in close proximity of the established ones like shopping complexes and malls to hospitals and schools.
Locality | Sale | Rent | ||
Price Range In Rs.(in sq. feet) | Average Price(in sq. feet) | Price Range(in sq. feet) | Average Price In Rs. (in sq. feet) | |
Ajmer Road | 700/ – 9500/ | 5000/ | – | – |
Tonk Road | 1600/ – 2100/ | 1900/ | – | – |
Vaishali Nagar | 2200/ – 2700/ | 2500/ | – | – |
Bapunagar | – | – | 11-12 | 12 |
Bani Park | 3000/ – 3500/ | 3400/ | 9-11 | 10 |
C-Scheme | 4000/-7500/ | 5500/ | 11-13 | 12 |
Chitrakut | 2000/- 2400/ | 2200/ | – | – |
Mansarovar | 2000/-2100/ | 2100/ | – | – |
Civil Lines | – | – | 12-14 | 13 |