Make money by investing in Jaipur real estate
Real estate is an asset class, has come of age in the last few years. Realtors have been at the top of the ladder in holding on to the prices, albeit the buyers are in the wait and watch mode for the bubble to burst. However, if such a trend keeps rolling, individual investment will yield good returns. A similar kind of graph has been followed in the Pink city, Jaipur, which has registered cost appreciation in recent times.
In tune with this, the Government of Jaipur has been shaping up the infrastructure of the city, to rope in investors in the city. Add to it, the improved connectivity from all sides of Jaipur have enhanced and mega highway 6 lanes have been constructed to make traffic trouble-free. Viewed as the next alternative to Gurgaon, Jaipur has ranked itself as one of the mega cities of India in the near future. Taking into consideration the corporate and institutional focus, which are the actual indicators of growth, it can be said that the real estate market of Jaipur is on a spin.
Developments- Residential and Commercial
Cisco, Infosys, Hinduja and Wipro among others, are also on the verge of exploring business opportunities in the city. Add to it, the Knowledge Corridor along with numerous hospital projects, has upped the commercial growth in the city. Since, corporate demand in the city will call for quality residential properties and infrastructure to sustain for future growth, Jaipur has registered a horde of housing projects by both metropolitan city-based and local realtors such as Debock Group, Omaxe, Narayan group and Suncity.
As per property consultants, the IT wave in the city has been a breakthrough for the realty sector of Jaipur. Strategically located at 3-4 hours drive distance from Delhi on the Delhi-Mumbai highway, Jaipur also boasts of a well-laid transport system, which promises excellent connectivity. The looming metro link will be an added advantage to the Pink city.
Developing trends
Major micro-markets like Vaishali Nagar, Jagatpura, Patrakar Colony etc. have registered maximum activity in the real estate market of the city. Highways and roads adjoining nearby areas such as Tonk Road, Sirsi Road, Ajmer Road, Sikar Road and Delhi Road have also borne witness to increase in the flow of numerous developers, shaping up their developments in such areas.
In the short span of 10-12 months, the city registered an approximate appreciation of 8-9%, however, on a longer time span, say 50-60 months, the appreciation is expected to be 10-15% in the residential segment. As per few estimations, Jaipur residential real estate market is determined by a 60:40 mix of end-users and investors. The buyers of this market generally range from IT/ITes, BFSI to the business community and migrants from the city. For those willing to cash in and make the most of the Jaipur real estate market, now is the time.
