With the increase in business houses and IT firms in the capital city of Rajasthan, Jaipur is becoming a probable business destination of the country. It is growing in almost every aspect whether it is a residential or commercial. It has been offering various affordable options on settlement along with profitable returns on investment too. The price of residential properties in Jaipur has touched skies as seen recently. The residential values in Jaipur have increased three fold in the past 3 or 4 years, according to industry experts. This can be recommended from the fact that the residential property which was available for Rs 20-25 lakh in prime locations like Malviya Nagar and C-Scheme, around 4 years back now costs minimum a crore.
With the inflow of government programmes in various economic and infrastructural developments of the city, it is on the edge of becoming the most preferable real estate destination of the country. Jaipur is also sewed-up to become an IT destination and hence the residential real estate market has been flourishingly attracting gigantic investments from in and around the nation.
It was seen that when a real estate group announced its multi product SEZ in the Alwar district of Rajasthan a number of real estate developers declared their residential projects in order to shelter the eventual demand too. The project was initially spread over an area of 5,000 hectare. A majority of the new ventures are combined with township projects that will be placed on the border areas. An example in this area is the Vaishali Extension Township launched by Upasna Group at Ajmer road..
Media claims that Jaipur to be the fastest growing metropolis in the country. The increase in Jaipur real estate is expected to be 10 to 15% per year. According to a Jaipur real estate agent, “The property values are increasing day by day, especially in the residential land segment, and will mount on further in the times to come. In our view this is the most relevant time to invest in Jaipur Real Estate in order to harvest big returns, in the mid to lengthy term.” As the business specialists say, it is the IT wave in Jaipur that has brought a breakthrough for Jaipur real estate. The city is just located at 4-5 hrs drive from Delhi on Delhi-Mumbai Highway along with well transport network facilities offering connectivity via all means of transportation. The beginning of metro link is an added benefit to the city.