#3 BHK flat for rent in Lal kothi Jaipur Rajasthan

[learnrealestateblog]

How Much Profitable to Invest in Real Estate in Jaipur?

Driven by flourishing education industries, the export sector, and tourism business, the capital city of Rajasthan, Jaipur, stands witness to the unprecedented boom in the real estate market. The city enjoys a strategic location at the junction of three national highways that link it to Mumbai, Delhi, Agra, Madhya Pradesh, and other parts of the state. There are several reasons behind the emerging popularity for real estate in Jaipur, including the recent rapid socio-economic development, infrastructure projects, and an opportunity to leverage its potential following the completion of the Delhi Mumbai Industrial Corridor (DMIC).

Why you should buy a residential property in Jaipur

Many investors have reportedly witnessed more than generous returns on their real estate investments within a short span of time. Several factors can be attributed to this phenomenal piece of development in the area.

Development in the commercial space:

Jaipur is home to a Special Economic Zone (SEZ) set up by Mahindra & Mahindra Co. Several other big shot companies such as Hinduja TMT, Daksh, IBM, HCL, Wipro, Cisco, and Infosys among other players have lined up to establish themselves here, sending prices of commercial office space for rent Jaipur skyrocketing. All of these have catalyzed the real estate sector growth.

Industry experts feel that the major driver has been the booming IT sector in the city alongside various hospitality projects being developed by five-star brands such as Hilton, Radisson, Hyatt, and Taj. The state government has also come up with the proposal for developing a sports city and knowledge corridor in Jaipur.

Infrastructure and governance are major boosting factors:

Jaipur sits on the National Expressway and forms a part of the Golden Quadrilateral, a project that upon completion will provide the city easy access to all other major Indian cities. As one of the major tourist attractions in the country, it is already well connected by rail and air transport while intra-city roadways are well developed. Jaipur has a remarkable record as far as its law and order situation is concerned. Soon, the city will also house a Metro rail project which is expected to drive up the real estate in Jaipur prices even further. Further infrastructural development projects for the city are also in the pipeline and expected to take shape soon.

The market for residential property in Jaipur is on a roll:

With Jaipur enjoying a fast-track development in terms of its infrastructure and commercial projects, it should not come as a surprise that property for sale in Jaipur is witnessing a great deal of interest. The arrival of major companies has also led to a greater number of residential areas being developed to accommodate the greater inflow of population. The native urban population and their demand to purchase property contributed to this growing demand as well. The market is witness to stiff competition among several real estate giants in Jaipur. It is not only the museums and old monuments that characterize the city but also the new high-rises and plush apartment complexes that stand out in contrast to the bygone era. While the promise of being a good investment opportunity is real, better things can yet be expected from the real estate agents in Jaipur.

Conclusion

Jaipur scores favorably because of its affordable property rates and location, being close to Delhi. Moreover, with numerous development projects in the pipeline, this city has emerged as one of the most lucrative real estate investment options among Tier-II cities that have the potential to provide tough competition to prime locations such as Noida and Gurgaon.