The pink city, associated more with Hawa Mahal, gems, and jewelry is embedded in history with stories of gallant kings and their forts. But now, it is also a city that can be considered from an investment perspective.
Jaipur is just 258 km from Delhi and is one of the fastest growing business hubs of this region. It is also acquiring a name for itself for its planned city layout and architecture. A state rich in mineral resources like zinc and copper, Jaipur offers innumerable options and varied opportunities. Rajasthan Industrial Corporation has planned an IT park in Sitapur with excellent connectivity with Jaipur. The companies that changed the face of Gurgaon have now shifted focus to Jaipur. IT companies like Infosys and Wipro are also scheduled to set up bases in Jaipur. Reputed developers like Parsavnath, Ansals, and Omaxe have plans of developing integrated townships with world-class infrastructure. The government is also giving added incentives like allowing 100% private investment. An upgraded airport at par with international standards caters to tourists as well as corporates.
Available at affordable rates even now, the expected appreciation of Jaipur real estate is a huge attraction for investors within and outside the country. Land prices range between US$ 175 –1,000 per square yard while Gurgaon offers land at US$ 800 –1,400 per square yard. High rentals, good returns on investment, a secure environment, and improving infrastructure make Jaipur one of the most attractive investment options among Tier-II Indian cities. Forming a part of the ‘golden triangle’ along with Delhi and Agra, business activities are flourishing in Jaipur. Education, employment, and tourism are some of the major attractions here and the city is witness to a large number of tourists from all over.
Development of large-scale self-contained integrated townships comprising of residences, commercial establishments, shopping complexes, a 50-acre IT park, five-star hotels, medical facilities, educational establishments, and recreational facilities are attracting investors to Jaipur.
If you had an option to invest in real estate in a Tier-II city of India, would you opt for Jaipur?
You may also be interested in :