Jaipur Property: A New Haven For Investors To Enjoy Profit

Sprouting extremely well on the real estate development, Jaipur is becoming the new haven for all the investors to yield more and more profit. Jaipur is witnessing an outstanding rise in the real estate market flaunting its affluent tourism as well as developed infrastructure. With a wide number of socio-infrastructural developments lined-up with the city, the place is blazing up and touching successful heights. Plus, it is worth mentioning that Pink city offers living, which is free from the hotchpotch hectic life of the metros.

To have a better understanding of the Jaipur realty, let’s have a sincere glance at it:

• Jaipur: A Hotspot For Investors

The real estate of Jaipur is evolving and that too at a rapid pace. Thanks to the existence of ample of ITs and MNCs, which have contributed greatly to the growth of the "pink city!" Excelling in the ornamental loveliness, Jaipur is now considered as a pond for all the potential investors. This is because of Rs 700 crore car plants as well as 3000 acres SEZ planning have tactically uplifted the scope for investment. In addition to this, the diversity of job prospects and the upsurge in the migrants have reinforced the Real Estate market here.

The most significant reason why the investors are flaunting excellent profit margin is the low development costs and higher returns. This is what Manan Chopra, Rapid Realtors, Jaipur has to say, "The city has low establishment cost in comparison to Delhi/NCR."

• Money-Making Venture Precincts

Along with the topmost suburban areas like Ajmer Road (Delhi-Mumbai), Agra Road and Sikar Road to name a few, place like Kalwar Road, Gopalpura Bypass and Mansarovar show an amazing increase in price. Following are some of the areas and their respective price appreciation.

Precincts And Their Appreciation In Price

• Kalwar Road stands at 19%

• Gopalpura Bypass stands at 35%

• Mansarovar stands at 17%

• Bani Park stands at 30%

• Jagatpura stands at 17%

• Sirsi Road & Nirman Nagar have shown a capital appreciation of 11% from Q2 2013- 2014

• Vaishali Nagar stands at 16%

• Metro Rail: Star Of The Show!

Yes, that’s true! Metro Rail is stealing the show in the literal sense where this is changing the entire face of Jaipur. Covering a distance of 9.63 kilometers, Jaipur Metro connects Mansarovar and Chandpole, which are the two significant parts of Jaipur. Due to the enhanced connectivity and exceptional transport, this place is fetching a lot of investors.

Plus, after the launch of Jaipur metro, the circle rates of the property in Jaipur witnessed an amazing increase. Also, the capital values have flown for about 36% or more in areas such as Civil Line and 28% or more in areas such as Shyam Nagar.

• Flourishing Commercial Property

There is no denying that the real estate of Jaipur is upholding a strong mounting trend. Since the government is also supporting the mega commercial projects, there is not even a single chance that the realty of the pink city will look back in near future. There are a number of landmark structures erected in the city like World Trade Park, which is giving an all-new look to the commercial spaces of the place.

Most of all, Jaipur’s one of the hot mega Real Estate projects namely, Mahindra World City project is also situated in this city and includes Rs. 10,000 crore. Covering an area of 188 acres in Phase I, it is a multi-product Special Economic Zone, commonly known as SEZ. This project is already backed by IT majors Infosys and Wipro Technologies.

• What About The Residential Realty?

The residential real estate market of Jaipur is wrought by a ratio of 60:40 of investors and end-users respectively – recent studies witness the same! Further, the reports also state that the determined supply, as well as absorption in Jaipur, falls in the price bar of INR 2,000 – 4,000/sq. ft. where the 3-BHK section is the peppiest alignment of the market on counts of new introductions as well as absorption.

Thanks to the availability of a plethora of options and those too pocket-friendly ones for the growth in the number of investors as and when the residential market of real estate is talked about.

This is how the pink city – Jaipur is giving an opportunity to all the investors to think this place as one of the major profitable realty areas along with the increasing intricacies in the economy. Many investors have profited investing in the city and will be beneficial for you as well.

I have vast experience of real estate market and own/manage RealEstateIndia.com, a leading property portal in India that manages huge database of property/agent across the country.