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Jaipur Property Market Trends
Jaipur is ranked high in the Indian realty market as well as in foreign tourist’s itinerary of investments these days. The city has been rolling uninterrupted on the path of prosperity because of its proximity to Delhi and due to its rich culture too. Over the past decade, Jaipur has displayed unprecedented progress in all the aspects.
The rising IT industry in the metropolitan cities has been one of the major factors for another thump in the booming real estate industry in India. Even in Jaipur, you can see IT companies emerging nowadays due its nearness to commercial cities like Gurgaon. With the introduction of IT parks in the city, there is a lot of demand for commercial spaces and appropriate residential housing due to greater inflow of working professionals from other regions of the country.
Jaipur real estate sector has reached astounding heights with progressive development initiatives taken in the city. Values of lucrative properties are growing really high in The Pink City of India. The name ‘The Pink City’ has, anyway, always attracted people from around the world, and tourists ensure to visit the city at least once and witness the grandeur and enigma that historic forts and lakes create.
Real Estate Projects and Prices in Jaipur
Residential Properties: The options for end users and investors amongst the present projects floated by other private real estate developers are many, and they are reasonably priced even though pricing is witnessing an upward trend. Nevertheless, the prices have appreciably gained in the past one year, but are still affordable.
Ajmer Road in Jaipur is the hottest spot in Jaipur. All property builders are looking forward to bringing their projects in this particular place. Vatika Group has tried for invest in the real estate in Jaipur with its Infotech City project, an integrated township with more shopping complexes, recreational centers, five star hotels, schools, health club and medical facilities.
A 2BHK flat in Vaishali Nagar, measuring 1250 square feet, costs Rs. 38,00,000. Almost all the hottest spots in Jaipur will cost in this range. Prices of villas in the city are rocketing high, and are gradually going out of reach of normal salaried people. Price of a villa in Vaishalinagar, measuring 680 square yards, is around Rs. 35,000,000.
A 3BHK flat in apartments in Ajmer road measuring almost 2000 sq. ft. costs Rs. 35 lakhs. Since the city is still developing, you can find decent prices. The rates, however, are expected to grow higher in the near future. It is the ideal time to own a flat in Jaipur. Residential plots in Tonk road are available within the reasonable range of Rs. 20 to 30 lakhs.
Commercial Property: Commercial properties in Jaipur are redefined by landmark structures such as World Trade Park, business and trade spaces, 5-star hotel, trading facilities, museums, convention centre, and auditorium. Jaipur metropolitan offers 250,000 square feet of shopping, luxury hotels and entertainment.
Commercial properties in Ajmer road, measuring 200 square meters, are priced around Rs. 15 to 20 lakhs. Integrated business area in Jaipur is spread over 3000 acres.
Shopping mall spaces in Jaipur circle, measuring 2500 sq. ft., are priced close to the Rs. 50 lakhs mark. However, small office spaces in Ajmer road are available at affordable prices of as low as Rs 3.5 to 4 lakhs.
Jaipur real estate industry has complete support from the state government to take up mega commercial projects. Properties in Jaipur have maintained healthy upward trend over the past few years, and you can be rest assured that things will only get better in the realty sector; thanks to a large number of NRI investors eying the Jaipur realty markets.
Prominent Real Estate Developers in Jaipur
Suncity Builders, Omaxe Limited, Panchsheel Colonisers, Melange, and Era Group are some of the famous builders in and around Jaipur. These builders are offering integrated townships with high standards with apartments, residential plots, expandable villas, commercial complexes, hospitals and schools.
Properties in Jaipur
Looking at the latest projects in the Jaipur property markets, Platinum Greens, Rajmahal Royal Residency, Green Heights, Mehandipur Residency, Blossom City, Garden City, Kanak Heights, Westend Heights, Elite Residency, Vatika Greens, Big Benn, Holiday Homes, Pearl Residency, Okplus Tower and Pearl Excellency are some of the good options that are worth your investment.
