Analyzing Jaipur's Real Estate Market

Also known as the Pink City, Jaipur is well planned, and its heritage and culture have collectively attracted a lot of realty investors. Apart from culture and heritage, Jaipur’s real estate market has flourished due to the city’s world-class infrastructure. Presently, the best investment in Jaipur is done in the city’s real estate market. Read further to discover the reasons for the city’s booming real estate market.

A couple of quick facts about jaipur’s real estate market

At present, Jaipur’s realty micro-markets have witnessed an exceptional growth. Major areas of the Pink City that have witnessed high returns on making realty investments are:-

• Jagatpura
• Vaishali Nagar
• Patrakar Colony

A vast network of roads and highways has helped in improving Jaipur’s connectivity to neighboring locations. A few important roads and highways in the city are:-

• Sikar Road
• Tonk Road
• Delhi Road
• Sirsi Road

As per a survey undertaken by ICICI PSG Research Team, the prices of property in Jaipur will get appreciated by 10 to 15 percent in the coming months. The estimates of property rate appreciations are relevant to all the above-mentioned micro-markets of the city.

The Pink City’s real estate market is supported by a ratio of 60:40 of investors and end users respectively. In general, the buyers comprise:-

• Migrants from other cities
• Business communities
• BSFI/IT/ITeS professionals
• Residents from surrounding towns who are looking for an upgradation in the living standards

Major realty gurus have noted that the best real estate investment commodity in the area is 3 BHK flats in Jaipur.

Thus, all the above-named points mention the heightened realty value of the city. With the presence of several leading companies and MNCs, the city has become one of the most favorable real estate markets in India.