Well-known for its vibrant culture and architectural beauty, Jaipur is all about blending modernity with heritage.
Owing to the developments, the city is one of the fastest emerging metropolises of the nation. Proper urban planning, sound infrastructure, and modern amenities make it a perfect destination for business and living. While saying this, it is predictable that there will be a tremendous rise in Jaipur Real Estate Market.
Furthermore, with excellent connectivity, tourist spots, and some prime areas like Mansarovar, Tonk Road, Jagatpura, and Ajmer road, Jaipur is now the hub of the commercial, retail, and residential market.
Moreover, as the mission of turning Jaipur into a smart city is gaining momentum, there is also a rapid development in the infrastructure. Beautification and restorations of the heritage buildings and the construction of smart roads with CCTV & integrated management systems are part of the same mission. And to add to the beauty of this fact, Cisco is helping JDA on the project.
Ravi Jain, the CEO of the Jaipur smart city mission, stated that the projects worth 200 cr. have been completed and 900 cr. are in the pipeline under the smart city mission. This will pave the way for business development in the city giving a hike to prices of properties.
And In a scenario where a city has everything to attract wealth, how can it not be wise to invest!
Let take a look at,
Why investing in Jaipur’s Real Estate market is profitable
The pink city is a major attraction for investors from all over the world. May it be for business, education or retail, Jaipur Property Market offers everything that one needs to get significant Returns on investment in the long run.
Here are some major reasons why Real Estate investment in Jaipur is a win-win.
Smart City Mission
Under the smart city project in June 2015 to turn a few cities of Rajasthan into smart cities, numerous changes are taking shape in different areas.
Area-based goals are there for various fields, including smart heritage & tourism, smart mobility, sustainable civic infrastructure, and smart solid waste management.
The excellent connectivity of Jaipur city by the Jaipur metro, Jaipur bus rapid transit services, and other transportation services gives the town its wheels of development it needs.
Furthermore, the Indian government approved Jaipur Bus Rapid Transit Service (BRTS) in August 2006 to cater to the city’s increasing traffic in the next 15 to 20 years.
Under which, there are two corridors in Phase 1. First is Sikar Road to Tonk Road, and the other is Ajmer Road to Delhi Road Corridor.
Growth of IT Sector
Spread over 750 acres, Mahindra SEZ is the area exclusively set up for IT/ITES companies to set their foot in Jaipur. The SEZ has numerous features that act as a major attraction for companies. Low operational cost, quality satellite linkage, optic fibre cable network, and voice & data solutions.
Moreover, the presence of over 90 global and domestic companies around this area also demands a well-developed housing society with all the modern amenities and top-notch facilities.
Needless to say, that the best place to invest in Jaipur will undoubtedly be the area close to a vast commercial set up.
And the residential properties by Mahima Group, like Mahima’s Shubh Nilay and Mahima’s Nirvana, are in proximity to the Mahindra SEZ. This will make it easier for working professionals to travel and save time.
Fast developing infrastructure, low cost of productivity, attractive rentals, and significant ROI are few of the many reasons why the Jaipur real estate market has seen a boom! Hence, the demand for upscale homes with upgraded living facilities is continually increasing.
Furthermore, According to the JDA, The housing shortage in Jaipur is expecting to reach 2, 78,412 by 2025. The Master Development Plan-2025 covers all aspects of development, including transportation, infrastructure, and land uses.
The Progressive Real Estate of Jaipur
We can say that Jaipur Property Market will witness a massive attraction from people all over the nation. Owing to factors like extensive connectivity, excellent facilities, and fast development.
Thus, in conclusion, investing in the Real Estate market in the coming few months is going to be like a cherry on the cake!
Moreover, if you invest in the best residential flats in Jaipur like those of Mahima Group, you will achieve a high profit in a few months.
As the people of the city are demanding the finest living, the Mahima group’s properties are offering them more than just a home!
Hence, investing in the real estate market of Jaipur will be profitable in the future and present.