Vaishali Nagar: A fast developing residential area in Jaipur
Around nine km from Jaipur, Vaishali Nagar is one of the fastest emerging neighborhoods of south-west Jaipur that has renamed itself as a satellite locality, on account of the development it has witnessed in recent years. Counted among the plush residential locations along with Tonk Road and Ajmer Road, Vaishali Nagar has shown a 10% rise in property rates in the last few quarters. In addition to its credentials, the locality boasts of number a of colonies such as Vaishali Nagar blocks A to F, Gandhi path, RSEB Colony, Pratapnagar, Gangasagar and Neminagar to name a few.
Among other colonies, Nemisagar is tagged as one of the chic and high-priced areas of Vaishali Nagar, which cater to most of the demand for housing units in the locality. The Jain physiotherapy clinic and the National Handloom Department, serve as the central point of attraction for the buyers and investors in the colony. As per developers, Vaishali Nagar tops the list of buyers, for whom having a good school or educational institute in the locality is a priority.
How connectivity and infrastructure gives the perfect nudge
For those in search of a plush property in Jaipur, Vaishali Nagar serves as the perfect bet with established residential spaces. This upscale locality, on the south-west of Jaipur, runs from Ajmer Road to Sirsi Road (south to north) and Queens Road to Delhi Bypass (east to west). Servicing the residents with all the amenities and daily needs, Vaishali Nagar has topped the chart of the most preferred residential location of the south-west counterpart of the Pink City.
Representing urban Jaipur, Vaishali Nagar has met with a radical expansion of social infrastructure with educational institutes like DAV Centenary Public School, CFC and Science Growth amongst others. The region has rolled in as a good mix of commercial and residential establishments with a good number of multiplexes, malls and restaurants. The presence of various PSU banks and Telecom sector offices has worked in favor of the locality and has upped the property rates significantly.
Rates and trends
According to property consultants, Vaishali Nagar has witnessed dominance by small developers who offer low rise floors. However, bigger projects by key developers of the city have managed to leave their imprint on the real estate market of the locality. Given the market reports, the residential units in the neighborhood run in the price range Rs 3400- Rs 5000 per sq ft.
A 2BHK housing apartment in the locality fetches a rental value of Rs 12000- Rs 15000 per month. Being one of the prominent localities of Jaipur, the price appreciation of Vaishali Nagar looks promising in the near future. The investor base in the neighborhood predominantly comprises of government officials, businessmen, and IT/ITes/BFSI/MNC professionals, who see the region as a major growth corridor of Jaipur.
