Jaipur real estate market is HOT – Where to invest?

In the recent decade, the western parts of India have observed rapid growth in infrastructure, amenities and various other aspects of development. A major contributor to Rajasthan’s growth is the Pink city – Jaipur. The city that has always known for its tourist attractions, culture and history, in the past few years has grown as a powerful development hub. This growth can be attributed to some of the rapidly growing sectors in Jaipur – tourism, auto and electronic manufacturing industries, IT sector and infrastructure.  

A plethora of infrastructural development projects like the Jaipur Metro, Mahindra’s SEZ and IT Park and Reliance’s Mega City have caught the attention many Real Estate Developers in Jaipur. This brings a handsome opportunity for investors looking for promising returns. Here are some of the hottest locations of Jaipur to look out for. 

1.    Sirsi Road

One of the most active real estate development areas in Jaipur is the Sirsi Road. Because of the comparatively lower price rates than the neighbouring areas of Vaishali Nagar and Ajmer Road, every investor has got their eyes to get a piece here. The real estate in Sirsi Road has managed to create a strongly investor-driven market which has caused an exponential growth in returns. Within the past years, the capital value for flats as well as plots has appreciated by more than 10 percent.

2.    Jagatpura

For investors who are looking for a place that can offer an exponential growth, then Jagatpura is certainly the one. The factor that makes this place the hot land of real estate is its close proximity to the Sanganer Airport, railway station and Sitapura Industrial area. The proposed Metro rail project has further fuelled this rise. With over 40% returns in a short period of 2-3 years, apartments here can be expected to price around Rs. 3-4 k per sq. ft.

3.    Vaishali Nagar

Over the years, Vaishali Nagar has grown into a prime destination for investors across various verticals – Residential, commercial and retail. Numerous mall and commercial centres, premium residential developments and entertainment centres, all complemented by great connectivity has boosted the capital appreciation in this area. For investors looking assured returns and value-added investments, Vaishali Nagar’s estates offer a perfect opportunity. 

4.    Ajmer Road

Quite recently, areas neighbouring Ajmer Road have witnessed high-scale township developments. Close proximity to Delhi and NCR has played an important role in drawing the investments in this area. With proposed Special Economic Zones (SEZ) and development projects, the estate prices in this area have seen a significant jump, taking the price bracket as high as Rs 2.5k per sq. ft.

5.    Tonk Road

The land around Tonk Road has been of keen interest to Real Estate Builder in Jaipur, especially attributed to the proposed Ring Road project that would improve the connectivity to this of the city. The projects in this area are mainly residential developments and have been popular among investors from the beginning itself. In close proximity to Tonk Road are popular tourist destinations – Chowki Dhani, Ranthambore Tiger Reserve etc.

The real estate market in Jaipur is quite hot and have the attention of investors looking for great returns. With numerous development schemes and proposed plans in the pipeline, the future of this market looks promising and worth paying attention to.