Jaipur has established its worth as a famoustourist destination of India since times immemorial, with a number of palaces and forts constructed beautifully by the Mughals and the Royal Kings. But this city is also one of the most beautiful cities, ready to be explored. With more IT companies sweeping in and several MNCs opening their branches here, the city has become one of the most preferred options for the people who seek to buy a spacious home. In fact, those are keen in investing in commercial properties also find it to be a lucrative place.
The realty sector has seen unprecedented growth in Jaipur because of the setting up of Special Economic Zones or SEZ. While the economic zones contributed to the rise in rates of properties in Delhi, the growth in the realty sector in turn boosted the economy making it a profitable cycle. With the coming of several private builders into play, flat in Jaipur, have become a popular option with more and more people opting for it, especially because of the number of ammenities that these apartments and residential complexes provide to its buyers. The latest developments in the real estate of Jaipur have lured buyers as well as investors to invest in properties in Jaipur, making it a prime realty destination.
Flats in Jaipur Getting More Importance than the Royal Palaces!
Although, Jaipur has been popular for its independent houses and villas, but with more and more people migrating in the city, the place has gained attention of builders. There are several flats in mid-rise and high-rise apartments mushrooming up to lure the buyers. The developments of new corridors around Jaipur, including the Ajmer Road, Agra Road, Sikar and Jaipur Highway have contributed to the development of the real estate in the city.
Areas like Chitrakoot, Vaishali Nagar and Panchsheel have become important localities for people looking for flats. The prices of these apartments may range anywhere from 1000 square to 4000 square feet. Most of the flats are either 2BHK or 3BHK to attract the lower middle class and middle class sections of the society. Since, the place is still developing in terms of infrastructure, hence the property rates are lower than what you may find in the nearby metropolises.
Properties in Jaipur: an Ideal Investment Option
Jaipur real estate has seen an upsurge especially since the year 2000. Properties in Jaipur include residential as well as commercial properties. Since, most of the residential complexes would require simultaneous commercial developments, hence investors are coming up with the plans proposing development of malls, townships, shopping complexes, educational institutions and hospitals to raise the standards of living of the people, while providing the world class facilities to the buyers.
At the same time, the number of hotels is also growing. The properties here are selling like hotcakes. With the construction of World Trade Park receiving an approval from the State Government, the property rates have risen beyond comparison, thereby giving a better platform to the business houses as well as migrants who wish to settle here.
The construction of a film city, and the metro line are some of the recent projects that have led to a remarkable increase in property prices, whether in the commercial or residential sector. With so many upcoming projects, townships as well as residential complexes, Jaipur has successfully grabbed the attention of domestic as well as foreign investors.
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