{"id":229,"date":"2019-06-04T07:19:35","date_gmt":"2019-06-04T07:19:35","guid":{"rendered":"https:\/\/www.ashianahousing.com\/real-estate-blog\/?p=229"},"modified":"2019-06-04T07:19:35","modified_gmt":"2019-06-04T07:19:35","slug":"9-reasons-why-purchasing-property-in-jaipur-is-a-profitable-smart-decision","status":"publish","type":"post","link":"https:\/\/www.ashianahousing.com\/real-estate-blog\/9-reasons-why-purchasing-property-in-jaipur-is-a-profitable-smart-decision\/","title":{"rendered":"Purchasing Property in Jaipur: A Smart Decision | Ashiana Housing"},"content":{"rendered":"\n

Jaipur, the capital city of Rajasthan, is one of the fastest growing Tier-II cities in India. Being a part of the golden triangle route, it\u2019s a cultural hub of tourism. Furthermore, with flourishing small-scale and large-scale manufacturing plants, renowned educational institutions, a thriving export industry. Jaipur is right now one of the hottest real-estate markets in the country.<\/p>
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If you are looking to purchase property in Jaipur<\/a>, here are nine compelling reasons why Jaipur makes for an excellent real-estate investment location.<\/p>
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Jaipur is well Connected to the Rest of the Country<\/strong><\/p>
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As the capital of Rajasthan, Jaipur has excellent connectivity to the rest of India. It\u2019s located strategically at the confluence of three National Highways, the NH 8, NH 11 and NH 12. The NH 8 connects links Delhi to Mumbai via Jaipur, the NH 11 connects Bikaner to Agra and runs through Jaipur, and the NH 12 connects Jaipur to the rest of Madhya Pradesh. Well-laid roads are one of the reasons for Jaipur\u2019s increasing importance on the national map.<\/p>
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Apart from roads, the Jaipur junction railway station ferries \npassengers and cargo to and from all corners of the country. Jaipur is \nalso well connected by air. The Jaipur International Airport handled 3,783,458 passengers in 2016 and won the award for the World\u2019s \nbest airport in the category of 2 to 5 million passengers per year \nairport in 2015, given by the Airports Council International.<\/p>
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The DMRC (Delhi Metro Rail Corporation) has successfully executed the first phase of the Jaipur Metro Rail Project with nine stations. The DMRC is also in the process of constructing double-story elevated road and Metro track project for the first time in India to ease traffic congestion between Jaipur and Ajmer.<\/p>
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The first phase of the metro runs from Manasarovar Depot to Chandpole<\/strong>, with stops along the way within the walled city, making commuting easier for the residents and well as tourists.<\/p>
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With robust infrastructure and superb connectivity, it\u2019s no wonder that Jaipur is one of the fastest growing cities in India, with a massive real-estate boom.<\/p>
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A tourist hotspot with massive growth potentia<\/strong><\/p>
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Known as the Pink City, Jaipur is a must-see destination on most \ntourist itineraries. The city attracts thousands and thousands of \ndomestic and international tourists every year, and nearly 80% of all \ninternational visitors to India make a stop at Jaipur, as part of their \nitinerary.<\/p>
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The number of tourists<\/a> visiting Jaipur has been steadily growing year on year. In 2010, Jaipur received just around 26.82 million visitors. Contrast these to the numbers of 2017, when over 47.52 million tourists visited the city, which was an 11% increase compared to the numbers of 2016 (43 million).<\/p>
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Famous for its majestic forts and historic buildings, though Jaipur \nis a modern city, it\u2019s still steeped in rich culture and heritage. Amber\n Fort, Hawa Mahal, City Palace, and the Jal Mahal are some of the prime \ntourist spots. Most tourists start and end their tours of Rajasthan at \nJaipur.<\/p>
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With ample tourism, fast growth is palpable in all tourism-allied infrastructures like hotels, restaurants, rented apartments and so on. This has led to the development of several luxurious residential projects in and around the city like the Vrinda Garden, Jagatpura, Gulmohar Garden, Choki Dhani, Ashiana Umang, near Mahindra SEZ, and Ashiana Utsav, Kalwar Road.<\/p>
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A special economic zone that houses top MNC’s<\/strong><\/p>
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Apart from tourism, Jaipur is home to several leading international \ncorporations like McDonald\u2019s, Coca-Cola amongst others. General \nElectric, the Fortune 500 Company that triggered the rapid urban \nexpansion of Gurgaon has now expanded to Jaipur.<\/p>
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Furthermore, Mahindra Group in a public-private partnership with \nRIICO (Rajasthan Industrial Development and Investment Corporation) has \ndeveloped Mahindra World City, on approximately 750 acres of land, a \nworld-class multi-product economic zone that is home to several IT and \nITES companies like ICICI Bank, Infosys and Mahindra Rise to name a few. Mahindra SEZ is one of the major contributors in terms of employment opportunities. It has become an IT hub and big companies like WIPRO, Phone support, GENPACT, and Mahindra World City, etc.<\/p>
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The Sitapura Industrial zone spread over 518.65 hectares is home to several large, medium and small scale industries offering employment to lakhs of people from the nearby districts. It\u2019s home to industries from across verticals including engineering, electrical, electronics, gems and jewellery, handicrafts, paper, leather, pharmaceutical, power looms and more. With the RIICO planning to set up an Information Technology park in Sitapur, many MNCs, and national level IT\/ITES companies are scheduled to start operations in Jaipur, causing prices of property in Jaipur to witness heavy appreciation.<\/p>
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Rapid commercial developments<\/strong><\/p>
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