The dull property market gathers a bit of steam in Jaipur

There was and still a lull in the property market as many mega-projects remain unsold or partly sold across all property markets in the country. The higher cost of construction and the margin pressures on the real estate industry has further added to the woes of the builders who are already reeling under the pressure of returning loans taken on high interest rates. The ceiling on the super-built-up area, the obligation to return projects on time has further created worrying ripples in the builder segment. Therefore it was only natural that they come with an SOS plan and they seem to have found one plan, at least for now.

The Code of Success

"Small is big" these days in the property market or the real estate area, particularly when one considers the residential property segment. Taking cue from most metro cities like Mumbai, Bangalore and Chennai, Jaipur too is following suit with a slight change in marketing the residential properties in Jaipur. The dynamic here is that the builders and developers now have opted to reduce the size of the flats by close to 35% and make the fall in prices for the same by around 50%.

This has enabled a new pocket of buyers who have budgets within the slab of 15 to 25 lakhs and qualify for a lesser loan as compared to the premium segment that has seen a nose-dive in sales in the last two years. The mantra is provide a flat of an area of about 650 to 850 square feet for a 1BHK or a 2 BHK and sell it at a marginally lesser price but a significantly lower price slab that is within 20 odd lakh rupees.

The Jaipur Property Market

Talking of Jaipur, one can find flats in projects by leading builders in Jagatpura, Ajmer Road, even Tonk Road and Kalwad road to the tune of 17 lakh rupees and slightly better location with super amenities in the range of 25 lakh rupees. The amenities and facilities vary from project to project and the builder constructing it.

Triangle engineers are a leading name in quality construction and affordable housing in Jaipur real estate circles. They are known to provide better options in flats and residential projects by virtue of their expertise in well designed, spacious and aesthetically sound designs in residential projects. Their upcoming projects in Jaipur.These flats are splendidly designed with full value for money as the super-built-up load on the property is minimal. The construction quality is impeccable and the amenities include. Not just focussing on cosmetic elements, their flats have more utility and are a great return on investment. Their prices are extremely attractive, given the size, amenities, facilities and quality of their product. They have very flexible terms of purchase as well to suit various budgets and requirements.

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Abhinav Sharma providing Triangle Engineers in jaipur. Hire Villas in Jaipur, and also working on Villas in jagatpura jaipur.