Jaipur the Pink city is known for its heritage look and is taking a new shape. Interestingly, this transformation has marked its presence as a hotspot in the Indian real estate sector. Located approximately 268 kilometers away from the national capital this is a smart place to make a property investment.
- Reasons to Invest in Jaipur
The introduction of metro in the city has open doors to developing infrastructure as this public transport is going to make the city congestion-free. Also, many MNC companies are looking forward to invest here as the expansion of Jaipur city is making way not only for the affordable housing sector but also for premium residential projects.
The capital city of Rajasthan is a part of Golden quadrilateral and is also listed to be developed under the Union Government’s Smart city mission. All this is going to make the Pink city a smart place for living by 2025. The areas like Vaishali, Malviya Nagar, Jagatpura and Durgapur are some of the prime locations for property investment.
This is the next big thing about Jaipur as an investment of more than $2 billion is estimated to come here. Both, the realtors and the investors are gazing at the areas close to metro corridors. The phase 1A started its operations since June 2015 and the work is being carried out on Phase 1B. The companies like Infosys, Genpact and the proposed Medicity by the Reliance group is paving way for multiple sectors to get operational here in Jaipur.
- Holiday Destination
The chance to earn a greater return on investment is feasible in Jaipur as this is a tourist hotspot. The city falls in the golden triangle of Delhi and Agra while being the getaway to majestic Rajasthan that includes Jodhpur, Jaisalmer, Udaipur, Mount Abu. Hence, tourists visit Jaipur all through the year and owning a holiday home here is a smart choice to earn handsome rental.
- Flourishing Business
Jaipur is the most prominent business hub as the industries like silver jewellery, gemstones, apparel, carpets, handicrafts, marble-stone items, footwear and engineering products are performing better than earlier times.
- Educational Hub
The pink city is now spreading its wings all over the sky and the MNIT [Malviya National Institute of technology] and other government-affiliated educational institutions are offering better opportunities to learn and grow.
This is an important thing in the development of any area. However, the centrally-located Jaipur railway station, Sindhi camp bus station and the Jaipur International Airport located at Sanganer offer smart and easy connectivity to multiple domestic and international places.
The rapidly growing infrastructure and commercial operations are going to increase the demand for residential properties. So, invest today to yield maximum return tomorrow.