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Hi Tushar and Praneetha, Here are some promising residential pockets in Jaipur where you can expect good returns in near future. These are Jagatpura, Vaishali Nagar, and Patrakar Colony. I will suggest you go either with Vaishali Nagar or Patrakar Colony. The average property price of apartments in Jaipur is Rs 3500 per sqft. Several IT giants such as Wipro, Cognizant and Infosys are eyeing Tier-II and Tier-III cities for expansion. This can be mainly attributed to the availability of affordable labor and cost of operations.
Hi, There is a strange similarity between the stock market and the real estate market today. Though equity market is looking weak, there are several stocks worth investing right now. Similarly, the broader real estate market is broad, action can be seen at the micro level. There are several pockets across Jaipur where property prices are reasonable and the investor can expect good returns on their investment. It is presently one of the rapidly growing Tier-2 cities in the country. This pink city has also joined the list of smart cities mission. And as per the latest report, Jaipur and Surat are set to become a metro city by 2018 end. This city has been highly ranked for its flourishing tourism industry.
Yes, Jaipur is a planned city and is well connected via rail, air, and road with the upcoming Delhi-Jaipur Express Highway expected to become the closest link to the NCR. The proposed Gurgaon-Jaipur Super Expressway is another major infrastructural development that has been planned to reduce travel time between the two cities, to 90 minutes. Moreover, work has started on Jaipur's Metro Phase-I which will boost housing demand in a big way.
Yes, and it is also observed that communication and transport system has improved in Jaipur and is apparently the only Metro City which has the quickest means of transport from one place to another or even to suburban localities. Moreover, due to Jaipur Metro, the movement from one place to another has become quick and cheapest. Vaishali Nagar, Jagatpura, Tonk Road and Sirsi Road are some of the major growth nodes out here.