Purchasing Property in Jaipur Jaipur, the capital of Rajasthan, is one of the fastest-growing Tier-II cities in India. Let’s check out why purchasin
Purchasing Property in Jaipur
Jaipur, the capital of Rajasthan, is one of the fastest-growing Tier-II cities in India. Let’s check out why purchasing property in Jaipur is a smart decision. Being part of the Golden Triangle route, it is a cultural tourism center. In addition, with flourishing small and large-scale manufacturing plants, renowned educational institutions, a thriving export industry. Jaipur is currently one of the most popular real estate markets in the country.
Purchasing Flats in Jaipur is a Smart Decision
If you are looking to buy property in Jaipur, here are nine compelling reasons why Jaipur is a great location for property investment.
Jaipur is well connected to other parts of the country
As the capital of Rajasthan, Jaipur has excellent connectivity with the rest of India. It is strategically located at the confluence of three national highways, NH 8, NH 11, and NH 12. The NH 8 connects Delhi with Mumbai via Jaipur, the NH 11 connects Bikaner with Agra and passes through Jaipur, and the NH 12 connects Jaipur. to the rest of Madhya Pradesh. Well-laid roads are one reason for Jaipur’s growing importance on the national map.
In addition to roads, the Jaipur Junction Train Station carries passengers and cargo to and from all corners of the country. Jaipur is also well connected by air. Jaipur International Airport handled 3,783,458 passengers in 2016 and won the award for the best airport in the world in the category of the airport of 2 to 5 million passengers per year in 2020, awarded by Airports Council International.
The DMRC (Delhi Metro Rail Corporation) has successfully executed the first phase of the Jaipur metro train project with nine stations. The DMRC is also in the process of building an elevated track and double-deck subway project for the first time in India to alleviate traffic congestion between Jaipur and Ajmer.
The first phase of the metro connects the Manasarovar depot to Chandpole, by stopping along the road in the walled city, making it easier for residents and tourists to travel.
With solid infrastructure and excellent connectivity, it’s no wonder Jaipur is one of India’s fastest-growing cities, with a huge real estate boom. In Jaipur, you can buy 2 BHK flats in Jagatpura Jaipur in your budget of buying 1 BHK flat in other cities.
A tourist hotspot with enormous growth potential
Known as the Pink City, Jaipur is a must-see destination on most tourist routes. The city attracts thousands upon thousands of domestic and international tourists every year, and nearly 80% of all international visitors to India make a stop in Jaipur, as part of their itinerary.
The number of tourists visiting Jaipur has not stopped growing year after year. In 2010, Jaipur received around 26.82 million visitors. Compare these figures to 2017, when more than 47.52 million tourists visited the city, an 11% increase compared to 2016 figures (43 million).
Famous for its majestic forts and historical buildings, although Jaipur is a modern city, it is still steeped in rich culture and heritage. Amber Fort, Hawa Mahal, City Palace, and Jal Mahal are some of the main tourist spots. Most of the tourists start and end their Rajasthan tours in Jaipur.
With extensive tourism, rapid growth is palpable in all infrastructures associated with tourism, such as hotels, restaurants, rented apartments, etc. This has led to the development of several luxury residential projects in and around the city, such as Somya Sky Crown in Jagatpura and Somya Sky crest in Jagatpura, Mahal Yogna Road, Somya Sky 5 Mahal ViatarJagatpura.
A special economic zone that houses the main multinational companies
Besides tourism, Jaipur is home to several leading international corporations such as McDonald’s, Coca-Cola, among others. General Electric, the Fortune 500 company that sparked Gurgaon’s rapid urban sprawl has now expanded into Jaipur.
In addition, Mahindra Group in a public-private partnership with RIICO (Rajasthan Industrial Investment and Development Corporation) has developed Mahindra World City, on approximately 750 acres of land, a world-class multi-product economic zone that is home to various IT and ITES companies such as Tulipshree Infotech, ICICI Bank, Infosys, and Mahindra Rise, to name a few. Mahindra SEZ is one of the top contributors in terms of job opportunities. It has become an IT hub and big companies like WIPRO, Phone support, GENPACT and Mahindra World City, etc.
The Sitapura Industrial Zone, which extends over 518.65 hectares, is home to several large, medium, and small industries that provide employment to thousands of people from the nearby districts. It is home to industries from different sectors, such as engineering, electrical, electronics, gem and jewelry, handicrafts, paper, leather, pharmaceutical, power looms, and more. With RIICO planning to establish an information technology park in Malviya Nagar and Sitapur, many multinational companies and IT / ITES companies nationwide are scheduled to start operating in Jaipur, making property prices in Jaipur witness strong appreciation. So after reading all these benefits of buying a dream home in Jaipur. Check out these 2 and 3 BHK flats in Jagatpura Jaipur.