Jaipur

Also famous as pink city, Jaipur is the capital city of the Indian state, Rajasthan . It is one of the planned cities of India and a well -known historical place. The last decade has been quite eventful with lot of development in the city, improvement in infrastructure and an increase in real estate prices in different parts of the city.

Jaipur is about 265 kilometers from New Delhi, the capital of India and the construction of Jaipur Gurgaon highway has made it more accessible. Good connectivity to Delhi and NCR region has further escalated the realty prices.

Residential real estate
Some of the popular residential areas in the city are: Bani Park, Tilak Nagar and Malviya Nagar, Vaishali Nagar,Vidydhar Nagar, Civil Lines, C-Scheme . These has been a high rise in the prices in these colonies owing to increasing population, high demand for residential properties. NRIs across the globe are looking for apartments, villas, flats, row houses and residential plots in the city. This has lead to many realty developers to start new projects in and around the city.

Developers like Ansal group, Vatika, Omaxe group, Parsvnath developers , and GHP Corp are starting large projects targeting the NRIs. This is a lucrative opportunity for global investors to buy property in the city.

Commercial real estate
Johri bazar, Bapu bazar, are the popular commercial areas with numerous shops, banks and eating outlets. The last 3-4 years have seen a substantial price rise in these prices owing to economic growth, government initiative and support, improvement in infrastructure.

Industrial Real Estate
There are a number of large, medium and small scale industries located within the city and also on the outskirts. The city is also divided into different industrial areas. These are:
Bagru, Bassi, Bais Godam, Bindyaka, Hirawala, Jetpura, Jhotwara, Kaladera, Kartarpura, Phulera, Renwal, Sanganeer, Shahpura, Sudarshanpur and Vishwakarma.

The real property prices in these areas are also on the rise. With a large number of companies exporting their products to other countries and government support, more and more business men are setting up factories, which has led to an increase.

Exports
The city is famous for exporting a number of products like gems and jewelry, carpets, enamel work, lacquer work, garments, marble statues to countries like USA, UK, Canada , EU etc.

Future Developments
With the development of the existing airport into an international airport, it is expected a lot of corporate houses will move their office in the city. The proximity to NCR region and good road connectivity will further raise the property prices. With sky-high prices in cities like Delhi and NOIDA, Jaipur will become an ideal real estate investment option.

Owing to developed infrastructure, IT companies are all set to have more establishments in and around Jaipur, it is expected after cites like Bangalore, Hyderabad, Gurgaon, Jaipur will be the next IT destination.