Jaipur – the capital city of Rajasthan, is presently one of the fastest developing cities in the country. The city which has always been known for its rich cultural heritage, monuments, calm and peaceful lifestyle, deserts and camels, and a super-rich handicrafts industry, is now transcending into a modern urban establishment with urban infrastructure and newer industries including the IT/ITES industry as well. Jaipur is also a part of Smart Cities Mission and is being developed on similar standards.

The Pink city is in great demand with real estate investors and homebuyers as multiple future projects and Jaipur’s development is beneficial for the city’s economy as well as the price appreciation of real estate. As the IT industry is shaping up in Jaipur, many people are migrating in search of better jobs and living conditions, hence the demand for residential real estate is at an all-time high. Prominent developers and real estate companies have started developing their housing projects in the city – which come with modern architecture, spacious flats, and ample necessary as well as leisure amenities.

Are there any future opportunities for development in Jaipur?

Yes, there are countless future opportunities for development in Jaipur. Jaipur has always been rich in handicrafts and is home to some of the finest and most unique weaving styles as well. Jaipur’s handicrafts were earlier only limited to tourists, however, with the onset of technology and the internet, we can buy these products online as well. This has not only empowered local artists but has also opened up a worldwide market for them.

Development possibilities like the aforementioned are many in Jaipur, some of the most prominent areas of future development include –

● IT Parks

In a public-private partnership between RIICO (Rajasthan State Industrial Development and Investment Corporation) and Mahindra, the latter has developed an SEZ at Mahindra World City, located at NH-8, in Jaipur. Mahindra SEZ is spread over 3000 acres with many IT companies already present while many more are coming up soon. For companies looking to set up offices in North India, Mahindra SEZ is one of the best places there are.

● Smart City Mission

Under the smart city mission, there are developments not just for the residents of the city but also for tourists. Jaipur has partnered with CISCO for automatic traffic monitoring, energy management, connectivity infrastructure, etc. JDA(Jaipur Development Authority) aims at making Jaipur a safe place for residents, making tourism more straightforward yet effective, as well as digitizing the city for empowering the residents.

●Education and Healthcare

As the city is undergoing urbanization, it is obvious that quality education and healthcare are needed for the sustainability as well as the development of the society at large. Multiple prominent schools like Delhi Public School, St. Xavier’s School, Radcliffe International School, Maharaja Sawai Maan Singh Vidyalaya, Jayshree Periwal High School, etc. are present in the city and all of these are located nearby prominent residential areas.

The universities and colleges for higher studies include – MNIT, BIT Mesra, Rajasthan University, NIMS, Poornima University, Amity University, Manipal University, Banasthali Vidyapeeth, and many others.

● Future Projects

Some of the upcoming projects that will further speed up the development of Jaipur as well as result in the price appreciation of real estate are –

○ Delhi Mumbai Expressway

The Delhi-Mumbai Expressway is set to be inaugurated this year, reducing the travel time from Delhi to Jaipur from 5 hours to 1.5-2 hours. This will be a significant step in improving Jaipur’s connectivity and attracting additional investments and investors.

○ Regional Rapid Transit System(Delhi – Alwar)

The Delhi-Alwar RRTS is expected to be operational by March 2025, reducing travel time between Delhi and Rajasthan for the general public. Furthermore, the Rajasthan government has been spotted exhibiting interest in expanding this corridor all the way to the state capital of Jaipur, though no formal remarks have been made. Nonetheless, the Delhi-Alwar RRTS will significantly impact Jaipur home prices.

● Startups

Dozens of startups have been founded in Pink City over the years, some of them are already over a billion dollars’ worth! Popular start-ups like CarDekho, CollegeDekho, Netmeds, Voylla, Tax2Win, Finova Capital, etc. The success stories of these startups have given rise to a startup ecosystem in the city. With the growing IT industry and able workforce, many more startups are expected to stem up in the coming future.

Real Estate

All these developments have led to an organic demand for residential real estate in the city. As a result, multiple real estate companies have set foot here and are developing housing projects. In the present day, some of the most prominent areas in Jaipur to buy a flat for investment as well as for living purposes are – Mansarovar Extension, Ajmer Road, Mahindra SEZ, Tonk Road, Jagatpura, Vaishali Extension, etc.

Ashiana has been operational in Jaipur for a very long time now, and we have housing projects in all of the locations mentioned above. Our housing projects in Jaipur include –

We’ve already fully delivered residential projects namely Ashiana Mangalam (Premium Home), Ashiana Daksh (Premium Home), Ashiana Utsav (Senior Living), Ashiana Greenwood (Premium Home) &Ashiana Rangoli (Premium Home) to their sold-out status. But the Jaipur’s real estate blooming market still had so much potential for our customers that we just couldn’t stop. The current available residential projects are Ashiana Ekansh (Premium Home), Ashiana Amantran (Premium Home), Vrinda Gardens (Premium Home), Ashiana Umang (Kid Centric Home), and Gulmohar Gardens (Premium Home).

Ensuring the essence of “Happy Returns on Investment” sighting the development opportunities in the city, Ashiana Housing not only ensures timely possession & amenity-embedded residential projects but as a brand we take pride for our hassle-free sales and post-sales customer servicing!