What makes Jaipur the most preferred city to invest in real estate?

Well-known for its vibrant culture, historical value, and architectural beauty. Jaipur is all about blending modernity with heritage. The city is always buzzing with new technological activities and the development of new areas.

Owing to the developments, the city is one of the fastest emerging metropolises in the nation. Which makes it the ideal place to invest in real estate. 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’s real estate market.

Moreover, as the mission of turning Jaipur into a smart city is gaining momentum, the infrastructure is also developing rapidly. Beautification and restoration of heritage buildings. Also 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, stated that the projects worth 200 cr. had been completed, and 900 cr. are in the pipeline under the smart city mission.

Furthermore, with excellent connectivity, tourist spots, and prime areas like Mansarovar, Jagatpura, and Ajmer road. Jaipur is the hub of the commercial, retail, and residential markets.

And in a scenario where a city has everything to attract wealth. Than how can it not be wise to invest in real estate.

Let’s take a look at,

Why is investing in Jaipur’s Real Estate market profitable?

May it be commercial, residential, educational, or retail, the Jaipur property market offers everything that one needs to get significant returns on investment in the long run.

Here are some reasons why you should invest in real estate in Jaipur is a win-win.

1. Ongoing Smart city mission

Jaipur has been chosen as one of the 100 Smart Cities for the Ministry of Urban Development’s Smart City Mission (MoUD). Numerous actions have been taken in many areas as part of the smart city initiative initiated in June 2015 to transform a few states of Rajasthan into smart cities. Jaipur Smart City Limited (JSCL) has spent approximately Rs 142 crore on nine large projects that have already been finished, and another 15 major projects that would cost an additional Rs 277 crore are currently under construction.

2. Connectivity

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. The launch of metro stations in areas like Mansarovar has dramatically increased the value of properties in that area, making it a posh spot for investors.

The property rate inflation can be a testament to the growing popularity in the last few years. The sales graph at KGK Realty has also seen a tremendous rise in the residential properties and is already hinting at buyers for property investment before the prices touch an all-time high in Mansarovar.

The Indian government approved Jaipur Bus Rapid Transit Service (BRTS) in August 2006. Which is to cater to the city’s increasing traffic in the next 15 to 20 years, under which two corridors were proposed in Phase 1. First was Sikar Road to Tonk Road, and the other was Ajmer Road to Delhi Road Corridor.

3. Growth of the IT sector

Jaipur has been chosen as one of the 100 Smart Cities for the Ministry of Urban Development’s Smart City Mission (MoUD). Numerous actions have been taken in many areas as part of the smart city initiative initiated in June 2015. They were taken to transform a few states of Rajasthan into smart cities. Jaipur Smart City Limited (JSCL) has spent approximately Rs 142 crore on nine large projects that have already been finished. Also another 15 major projects that would cost an additional Rs 277 crore are currently under construction.

4. Housing Market

Fast developing infrastructure, low production cost, attractive rentals, and significant ROI are a few reasons why the Jaipur real estate market has seen a boom! The demand for upscale homes with upgraded living facilities is continually increasing.

The Master Development Plan-2025 covers all aspects of development, including transportation, infrastructure, and land uses. Thus, we can predict that investing in the Jaipur property will be profitable in the future and present.

In the End,

Jaipur Property investment will witness a massive rise and attract people from all over the nation in the coming few months. Owing to factors like extensive connectivity, excellent facilities, and fast development, investing in the Real Estate market. Which in the coming few months is going to be like a cherry on the cake!

As the people of the city are demanding the most refined living, KGK realty is offering them more than just a property to invest in real estate. We have consultants and a team that can help ease the investment process. They will be by guiding you through every step of the way. To know more about the properties, book a site visit today.