The downside is that a lot of people are investing in property in north-north western areas of Jaipur haven’t started living in the area. The actual returns on investment might take a while to pick up steam. Think medium to long term between five to seven years for adequate appreciation.
Subhash Nagar is a good choice as far as residential real estate is concerned. The average prices for a residential apartment in and around Subhash Nagar are ranging between Rs 2500 to Rs 3500 per square feet depending on the location.
As a generic trend I expect real estate property prices in and around Subhash Nagar area to give nearly 10-15% return on investment in the next five to six years. Short term gains might not be that lucrative as a lot of buyers are focusing more on the prominent areas like civil lines and Adarash Nagar.
You have not mentioned what kind of property you are seeking to invest in. There are freehold residential plots available in the area as well as gated townships offering apartments.
Good to know that you have decided to invest in a residential property in Subhash Nagar. Located in North West Jaipur, Subhash Nagar and its adjoining areas have witnessed a substantial increase in real estate development in the last couple of years.