5 Lac Captive Audience
Near Vaishali Nagar
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Property investors look at two aspects while zeroing-in on any destination. They either look out for appreciation in the land value or consider renting out the property. Jaipur is a lucrative option for both these scenarios. The Pink City as it is famously known is poised to be among the ten Indian megacities of the future. Jaipur has always been associated with royalty, now it is also catching-up with realty.
When it comes to real estate, corporate and government's focus holds the key to unlock the doors of development. With major IT projects coming its way and multinationals looking to leverage the growth opportunities offered by the government, Jaipur is on the right track to become a realty hub.
The satellite town of Sanganer houses Jaipur's Interational airport. Jaipur is also well connected via roadways with other prominent cities like Delhi, Mumbai, Agra, Bikaner, Kota. National highways 8, 11 and 12 go through Jaipur and connect other cities. Jaipur City Transport Services Limited offers inter-state bus services to help people overcome travelling constraints. To smoothen the transportation process, Bus Rapid Transit Service has been set up by Jaipur Development Authority. The Jaipur Metro Rail is also about to commence soon and add to the city's transportation.
Jaipur's proximity to Delhi earns it brownie points. Apart from the proximity to the national capital and prominent cities, Jaipur is home to recreational facilities, quality educational institutions, shopping avenues and appealing tourist destinations. With a booming economy, swift transportation, growing job opportunities and a stable government, Jaipur is a hot-spot for real estate investment.
Jaipur offers real estate options for people belonging to every strata of the society. From flats to luxury apartments, Jaipur has an attractive menu. However, those looking for property in the range of 35 lakhs will find Jaipur extremely alluring. Affordable housing is catching-up in the country and real estate prices are bound to escalate in the future, making this segment enterprising and rewarding.
According to National Housing Bank's housing price index, Jaipur's property rates appreciated by a whopping 64% from 2011 – 2013. Pune came a distant second with a 56.6% appreciation. Going by the trend, Jaipur is poised for a real estate boom in the near future.
Commercial developments in a city are a positive sign regarding its employment scenario. With corporates like Infosys, Cisco, Wipro, IBM, Hinduja and others considering starting operations in Jaipur, the city is bound to become a preferred destination for the working class. Apart from the IT-oriented companies', big players from the hospitality sector like Taj, Hyatt, Radisson, Hilton and many more are also planning to set up hospitality projects.
With this major workforce getting attracted towards this buzzing honeycomb of commercial projects, it is natural to assume that they will require a home to reside, and transportation to commute. Thus, residential and infrastructure based projects are on the rise in Rajasthan's capital city, Jaipur.
The government's efforts of converting Jaipur into a formidable real estate-friendly city has been commendable. The city has been viewed as an encouraging investment opportunity by foreign players due the government's initiatives of developing the city across all levels.
Jaipur's state government has been instrumental in coming up with various infrastructure developments such as IT parks, automobile plants, better transport facilities and various other initiatives. This attitude has resulted in excellent amenities and encouraging signs that have prompted domestic as well as international corporate to become a part of this growth story.
Jaipur's captivating history and modern attitude has placed the city among the top realty destinations in India. Commercial as well as residential property seekers are bound to benefit by investing in this royal city.