10 Reasons Why Jaipur’s Real Estate Is A Profitable Investment
Real estate in Jaipur has always been in high demand for various reasons. The Pink City shares excellent connectivity with Delhi, and is known for its rich cultural heritage and as a popular tourist destination. More recently, the IT wave in the city has led to the rising demand for modern commercial spaces and residential property. With modern civic amenities and well-developed social infrastructure, Jaipur makes for one of the most lucrative investment destinations in India today.
Here are 10 reasons why Jaipur’s real estate is a profitable investment:
1.As the capital city of India’s largest state, Rajasthan, Jaipur is also one of the fastest growing Tier 2 cities, with excellent infrastructure and scope for development.
2.Jaipur offers excellent connectivity across India via its International Airport, National Highways and its strategic location on the Golden Quadrilateral. The upcoming Metro rail will further enhance connectivity and boost the property prices in the city.
3.Jaipur shares excellent connectivity with the national capital, Delhi, which further adds to the value of its real estate. Delhi is a 3-4 drive from Jaipur on the Mumbai-Delhi Highway.
4.By 2025, Jaipur is expected to expand into a mega city, with a population of around 10 million across an area of 800 sq. km. This will further boost the demand for housing in the city.
5.Jaipur is an emerging IT/ITES destination, with major IT companies like Genpact and Infosys already having set up a base in the city. A joint venture by Mahindra & Mahindra and RIICO will be set up in a Special Economic Zone (SEZ) in the city, on approximately 750 acres of land.
6.Jaipur is the largest centre for the export of coloured gemstones, sterling silver jewellery, handicrafts, carpets, apparel, traditional footwear, marble & stone artifacts, and engineering goods. These industries keep Jaipur’s economy going strong.
7.Jaipur is known for its excellent civic amenities, from schools and hospitals, to shopping malls and luxury hotels, the city is equipped with ultra-modern infrastructure. It is also a fast emerging healthcare destination, with Medicity of Reliance Group in the pipeline.
8.Jaipur is the hub of domestic and foreign tourism. It is seen that almost 80% of foreign tourists coming to India make a visit to Rajasthan via Jaipur.
9.The law and order situation as well as the governance in Jaipur is one of the best in the country, making it a safe and secure place to live in.
10.While the cost of establishment and living is fairly low, Jaipur is expected to grow significantly in the next couple of years (with investments amount to a whopping sum of $2 billion).
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