Vedic Asharya

in Ajmer Road

Real estate group which focuses in earning the trust and respect of its investors in the form of actions and not just words. It is a reputed organization comprising of experienced engineers and thoughtful builders who have effectively built a lot of housing projects. With a history of delivering projects on time and as per assured specifications, it is a name to believe when it comes to real estate in Jaipur.

Situated on the Jaipur-Ajmer highway, Ajmer Road lies in the pink city, Jaipur. The famous DMIC junction, Kishangarh International Airport, and Manipal University are located close to this locality. It boasts of excellent connectivity, especially by means of the NH-8 express highway.

Some of the foremost international schools like Millenium School and Birla International School (BITS) find a place here. Bichun, a government-run rural tourism spot, is found close by, as well. Parks for children and stadium for the sports enthusiasts are just a stone’s throw away.

Vatika Infotech City, located near Ajmer Road, attracts many IT professionals. Wider roads, well-developed gardens in almost all the blocks, underground electricity lines, security, and excellent drinking water make it a good residential locality. Here, three projects, namely Urban Woods, Park Apartment, and Jaipur-21 are developed with world-class infrastructure.

Connectivity and Transit Points

Ajmer road is well connected by road, rail and air. The nearest bus stops in the region include Ajmer bus stand, Kundan Nagar bus stop, and Shastri Nagar bus stop, well within 3 km of Ajmer Road. The nearest railway station is Mansarover Metro Station, which is 3 km away. The area is in proximity to the Kishangarh airport that is still under construction.

Jaipur Bus Rapid Transit Service was implemented in 2006. The BRTS is expected to cater to the city's growing traffic for the next 15-20 years. In Phase I, two corridors have been proposed; that is, the North-South Corridor from Sikar Road to Tonk Road, and an East-West Corridor from Ajmer Road to Delhi Road.

Major Landmarks

Amber Fort and Palace

Govind Devji Temple

Jantar Mantar

Raj Mandir Cinema

Birla Mandir Temple

Factors for Growth in the Past

As Ajmer Road lies on a major highway, the establishment of a lot of hotels fuelled growth in the locality initially. As the economy of the area blossomed, the living standards of people increased and the demand for diverse property types began. The development of IT and ITeS industries added to this growth trajectory, taking it higher.

Basic infrastructure of the locality is also strong. Excellent connectivity, uninterrupted water and power supply, and proximity to other major areas significantly raised the realty value of Ajmer Road.

Furthermore, it is the hottest destination for many property builders. Well-known Vatika group paved the way for real estate development, with its landmark Infotech City project spread over 800 acres, a self-contained integrated township with shopping complexes, a five-star hotel, recreational centre, health club, medical facilities, and schools.

Residential & Commercial Market

Residential Market Trends

Presently, with so much development in this area, Ajmer Road is undoubtedly a sought-after locality. The dominant property type here, are layouts and plots, instead of apartments. Of late, the locality prices have come down to Rs 2,700 per sq. ft. The multi-storey and builder floor apartments come at an average cost of Rs 2,650 per sq. ft. and Rs 3,900 per sq. ft., respectively. Residential plots in Ajmer Road cost around Rs 12,850 per sq. yd.

Commercial Market Trends

The office spaces are relatively cheap in this area. The average price of a commercial office is around Rs 7,450 per sq. ft. For shops and commercial plots, the average price would come up to Rs 6,200 per sq. ft. and Rs 750 per sq. ft. respectively.

Major Challenges

Urbanisation has caused major traffic snarls in Ajmer Road, resulting in air and noise pollution. The road tends to get damaged during monsoon due to the heavy traffic, making it difficult for the area’s residents to commute. Moreover, unavailability of parking space and sudden climatic changes also add to the civic challenges.

Factors for Growth in the Future

The much anticipated Kishangarh airport is being developed and will be operational in the next couple of years. The establishment of this airport is set to attract plenty of property investors to the region, while also fuelling infrastructural development.

Many infrastructure projects are also being developed in Ajmer Road. Mahendra SEZ, DMIC Project, and the proposed 8-lane NH-8 are the major ones. The metropolis, for instance, is said to come up soon in the region. Plans to construct the Ring Road is very likely to materialise soon. Connectivity is set to receive further boost with the construction of a 47-km road, which will connect Ajmer Road, Tonk Road, and Agra Road.

Similarly, in Phase III, a road with a length of 97.75 km is planned to be constructed in the northern part of Jaipur, which would connect Agra Road, Delhi Road, Sikar Road, and Ajmer Road. Premium hotels and shopping malls are also set to come up, marking a high level of development.

Shivraj Residency, Siddha Aangan Heights, Amrapali Hi Tech City, Felicity Meadows, Manglams Grand City, and Adarsh Park Regency are some of the upcoming residential projects in Ajmer Road. A few commercial projects are slated for release shortly.