Jaipur as a city is an amalgamation of
historical heritage, cultural diversity and modern living. It famously is part
of the golden triangle as part of the tourist route, its proximity to the NCR
region gives it that extra edge as compared to other towns.
Jaipur as a city scores high on its
Liveability Index as it boasts of a very robust infrastructure. Well laid out
internal roads with peripheral connectivity, an international airport, BRTS and
Metro as part of the transport infrastructure, add to its ever expanding kitty
of facilities.
Jaipur has exploited its heritage and tourist
tag well, as also has taken advantage of the exponential increase in property
prices in the NCR region. The exponential increase in infrastructure costs in
terms of land, office, residential, retail and industrial space in the NCR
region over the past several years created an opportunity for the nearby towns
to open their gates, Jaipur rose to the occasion and exploited the opportunity
well. The real
estate property in Jaipur saw the ever growing opportunity and was well
assisted by the municipal administration. Together they have been able to
create an infrastructure which attracts industry, which in turn influences
migration of population raising, the demand for residential
property in Jaipur. All in all a win-win situation for real estate
investments in Jaipur.
Real Estate in India has been reeling under a
severe slow down for the past 3 years, this has provided Jaipur real estate
industry a great opportunity. The developer community in Jaipur has exploited
this opportunity well with stepping up the tempo and looking at an all-round
growth from warehousing, to industrial units, office spaces, SEZ IT Parks and
affordable housing. The exorbitant increase in real estate prices in
Gurgaon and adjoining areas, only boosted this opportunity in Jaipur. The
synergy that Jaipur today provides in terms of infrastructure, tourism, job
opportunities and affordable real estate prices will go a long way in making it
one the most sought after real estate destinations in India.
