Neelkanth Blue Winds

By: Neelkanth Nirman in Vaishali Nagar

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Vaishali Nagar is a beautiful locality situated in the south-western part of Jaipur and is one of the prime areas in the city. Consisting of several well-preserved parks and gardens, Vaishali Nagar is filled with greenery. The locality is surrounded by Queens Road on the east, Delhi-Ajmer Bypass Road on the west, Sirsi Road on the north, and Gandhi Path on the south. Vaishali Nagar is home to both residential and commercial properties alike. It is one of the top five localities in Jaipur that is expected to witness maximum real estate action in the coming years. The locality is home to a wide range of facilities. There’s no shortage of supermarkets, departmental stores, banks, ATMs, restaurants, and other such amenities. There are an array of educational institutions and hospitals in the area, too. Dr. Radhakrishan Institute of Technology, Kindle Institute of Technology, Army School, and DAV Centenary Public School are a few of the several reputed institutions in the area. The locality is also home to hospitals like Vaishali Hospital, J N Mishra Hospital, and B B Saxena Memorial Hospital, among several others.

Connectivity and Transit Points

The fact that Vaishali Nagar is located close to Delhi-Ajmer Expressway makes accessibility to other major areas very convenient. Buses are one of the major modes of transport in Vaishali Nagar. JCTS (Jaipur City Transport Service) buses ply from Vaishali Nagar to other localities in Jaipur. Some of the nearby bus stops include Nursery Circle, Aamrapali Circle, Vaishali Circle, Govind Nagar, Queens Road, and Vijay Dwar. Jaipur Railway Station is the city’s main railway station, and is located about 7 km away from Vaishali Nagar. Dahar Ka Balaji (DKBJ) Railway Station and Kanakpura Railway Station are the other railway stations situated close to this locality. Buses and auto-rickshaws are popular modes of transport. Cabs also exist, but not a popular choice among the area’s residents. The city is major airport, Jaipur International Airport, is located at a distance of 12 km from Vaishali Nagar. One can take buses, auto-rickshaws, or even cabs to reach the airport.

Major Landmarks

• Community Park
• Nursery Circle
• Vaishali Nagar Police Station
• Hanuman Vatika Garden
• Gandhi Path Public Park
• INOX Cinema Hall
• KFC
• Sri Nath Petrol Pump

Factors for Growth in the Past

Until a few decades ago, Vaishali Nagar was known to be a more of a retreat centre due to the foliage surrounding the locality. However, due to the infrastructure development and inflow of people from other parts of town, Vaishali Nagar evolved into a fine real estate destination. Another factor that has driven the growth of the locality is the excellent network of well-maintained roads and highways like Delhi-Ajmer Bypass Road and Sirsi Road.

Residential & Commercial Markets

Residential Market Trends

There is almost an equal distribution of apartments and independent houses in Vaishali Nagar, although apartments are increasing in numbers. The price of apartments in Vaishali Nagar has risen considerably over the last 5 years. The Q2 (2014) sale prices for multi-storeyed apartments in Vaishali Nagar ranged between Rs 3,750 and Rs 4,350 per sq. ft., while the rent for a multi-storeyed apartment ranged between Rs 10 and Rs 12 per sq. ft. The sale prices of individual houses, on the other hand, are much higher compared to apartments. The Q2 (2014) sale prices of houses ranged between Rs 6,100 and Rs 7,300 per sq. ft.

Commercial Market Trends

The area is witnessing a lot of activity on the commercial front as well, and about 19 per cent of the total property distribution in Vaishali Nagar comprises office spaces. Several new commercial projects have been proposed to come up in the locality. A large number of exclusive showrooms are also coming up in this region, and some of the big brands include Reebok, Nike, Jockey, and Wrangler among several others.

Major Challenges

Just like the rest of the state of Rajasthan, Vaishali Nagar is experiencing water shortage issues. The groundwater levels are reaching alarming levels, and the water that is supplied through tankers contains high concentrations of TDS (Total Dissolved Solids) or infected by bacteria. This is something the government authorities need to seriously look into and address.

Factors for Growth in the Future

Over the three years, the real estate sector in Vaishali Nagar has shown resilience. And with the increase in residential and commercial activity in this locality, there seems to be lot of room for economic and social infrastructure development. In addition, the IT sector is also swiftly thriving, and this is definitely bound to provide ample job opportunities to people from different parts of the city and also the country. There is another reason why this locality will grow in leaps and bounds, and that is the introduction of the metro rail system. Although the locality is not included as one of the stations, it is fairly close to Ram Nagar, which will have a metro station, enhancing Vaishalii Nagar’s connectivity further, and ushering quicker growth.