Experts quote Jaipur as an investor’s market
Viewed as the next alternative to Gurgaon, Jaipur, the Pink City, is commonly anticipated as one of the ten mega urban sprawls of future India. Standing as the perfect combination of a hot property market and tourist place, buying a property in Jaipur is the right step for better future returns. Jaipur real estate is actually on a spin, taking into consideration that institutional and corporate focus are the true indicators of its future growth.
With Knowledge Corridor, Sport City at Achrol and numerous hospitality projects in the offing, Jaipur is up for a new image. A number of Indian and international MNCs have set up their feet in the urban sprawl. Since, corporate demand cannot stick up in the absence of residential properties and adequate infrastructure to aid the future growth, the Pink City has borne witness to a slew of projects by both local and city-based realtors such as Debock Group, Omaxe, Suncity, DLF, MGF and Vatika amongst others.
Jaipur is growing on all sides
Jaipur has been thrown open to massive growth in the past 3-4 years, which is tantamount to 2-3 times. For instance, a land purchased in Jagatpura in 2010 would cost somewhat near to Rs 13000 per sq yard, which would double by 2014 and would value around Rs 32000 per sq yard at present. It is almost similar for locations like Subhash Nagar,Niwaru road,Bani Park,Raja Park, Sikar Road, C-scheme,Tonk road,Ajmer Road, Vaishali Nagar etc.
As per the industry experts, the IT wave in Jaipur will emerge as the breakthrough in the real estate sector of the city. Strategically located at 3-4 hours of drive from Delhi, Jaipur also boasts of a well-planned transport network that has done wonders for the city, offering connectivity through all transportation mediums. With the upcoming metro link seeing the light of the day, real estate in Jaipur will get an extra edge on account of trouble-free connectivity to all ends of the city.
Birth of a Satellite city
Vaishali Nagar, the affluent neighborhood on the south-western counterparts of the city, has emerged as the next satellite city. Stretching its arm from Queens Road in the East to Delhi Bypass in West and Ajmer Road in South to Sirsi Road in North,Vaishali Nagar is the talk of town among the developers and investors.
Tagged as one of the plush areas of the city, the locality has established residential spaces. Fast emerging education center and a developed infrastructure, has helped the locality earn brownie points. As per market experts, Vaishali Nagar has showed up to 10% increase in property prices in the last few years. This makes it the perfect bet for realtors and investors alike.
