Jaipur is the sacred land with the ideal mixture of contemporary and traditions of historical India and is slowly becoming part of every homebuyer’s residential dream. Often referred to as the Pink City, Jaipur as a location has an aesthetically pleasing and financially viable appeal to itself. Aside from its ethnically rich and wealthy culture, the city is now slowly becoming a favourite among property owners who want to return and invest here; such is the enchantment of the metropolis. From an industrial point of view, the town has seen some major transformations within the last 2-5 years. We have already witnessed reputed industries setting base in the town and the velocity is only growing with each day. Flourishing tourism, manufacturing, export and education industries in the city and connectivity to Delhi/NCR ensures that development will keep happening at a rapid pace.
Jaipur was the first planned city of the country because of which in the smart city, old world charm and modern architecture co-exist harmoniously. There is no dearth of prime locations in the city as each location here has easy access to transportation and modern civic amenities. Top properties in Malviya Nagar, C-Scheme, Vaishali Nagar, to name a few, have the perfect amalgamation of commercial, retail and residential development and hence property values have almost doubled here. Currently the price of properties in Jaipur starts from around ₹ 1 lac while the average price of properties in Jaipur is ₹ 67.42 lacs. Overall, Jaipur has a price trend which is moving up since the last six months in FY 2019 which indicates huge demand in the real estate market and prices are on the cusp of rising.
Apart from prime residential properties, sub-markets and newly emerging pockets like Ajmer Road, Kalwar Road, Sikar Road, Tonk Road, Jagatpura and Jhotwara are also growing at a steady rate of 15-20% per year. According to 99acrs.com majority of projects in Jaipur offer residential flats in the price range of Rs 2000-3500 per sq ft. Well-established localities like Bani Park, Durgapura, J.L.N.Marg, Mansarovar Extension, Nirman Nagar offer property in the price range of Rs 3500 – 6000 per sq ft. Jaipur’s realty market has an equal number of end users and investors. End users are largely the local users and those migrating from tier III cities in search of jobs and better living standards. Investors are those who are looking for cheaper investment options in comparison to Delhi NCR with 3 BHK being the most favored configuration.
Here we list down 15 residential areas in Jaipur for buying a home.
With Jaipur undergoing rapid expansion in recent years, one area that has seen huge growth is Ajmer Road. The six-lane Jaipur Ajmer Expressway is part of the upcoming Delhi Mumbai Industrial Corridor and connects two of India’s biggest metropolitan cities – Mumbai and Delhi.
The allotment of land over 3000 acres to non-polluting industries for creating an SEZ (Special Economic Zone) has triggered huge interest in this area. Real estate experts predict that this zone will offer tough competition to Gurgaon in the coming years, and it has even got the nickname Mini-Gurgaon.
Wipro, Genpact, Infosys, Deutsche Bank, JCB India Ltd, and ICICI Bank are some of the popular corporations with offices here. The huge boom in infrastructure development and the rise of jobs has led to the rapid development of affordable housing societies in Ajmer Road.
This area is a top choice for residential property buyers not just for residents of Jaipur, but also from the rest of NCR due to its excellent connectivity with other major cities in the region. It’s a planned development area approved by the JDA (Jaipur Development Authority). Meaning, real estate investments in Jaipur are likely to see huge capital appreciation in the next few years.
Also Read: 9 REASONS WHY AJMER ROAD IS THE HOTTEST GROWING RESIDENTIAL LOCALITY IN JAIPUR
This is one of the hottest real estate investment locations in Jaipur. Mahindra SEZ is a special economic zone developed as a public-private partnership between the state of Rajasthan and Mahindra Inc.
It’s considered as one of the futuristic and upcoming residential areas in the city. With easy access to the rest of the city, this satellite town has several factors working in its favour. Presence of several reputed schools and colleges, access to quality healthcare and one of the fastest growing economic zones in the country, Mahindra SEZ is an excellent investment choice. Properties in this area have seen huge capital appreciation in the last couple of years.
With planned development zones that offer congestion-free roads and rapid infrastructure growth, Mahindra SEZ is a great residential colony in Jaipur.
Also Read: 3 REASONS TO INVEST IN PROPERTY NEAR MAHINDRA SEZ, JAIPUR
South Jaipur has grown to become one of the most sought-after residential areas in Jaipur, thanks to the fast infrastructure developments. This has led several leading builders from the city as well as the country to offer ultra-luxurious properties in areas in South Jaipur like Jagatpura at affordable rates.
With excellent connectivity to the rest of the city via efficient public transportation, Jagatpura is a great choice for investing in residential units in Jaipur which offers less costly residential housing facilities.
Where the property prices in Jaipur are running in crores, Jagatpura is one among the handful areas in the city that offers comfortable residential properties at affordable prices. If you are looking for budget properties with several amenities and other features, then Jagatpura is a great choice. The average price of properties in Jagatpura is around 49.85 lakhs. It’s a perfect location to prefer while making a decision to purchase the property in residential area.