Jaipur has been ranked 31 among the 50 Emerging Global Outsourcing cities. The city has seen tremendous growth in real estate development since last 3-4 years. India’s largest integrated IT SEZ Mahindra World City covers nearly 3,000 acres (12 km2) of land is being developed in the city off Ajmer highway and has already attracted major companies like Infosys, TCS, Wipro, Tech Mahindra, Truworth and Deutsche Bank. India’s one of a kind World Trade Park is also under construction in Malaviya Nagar. It will be having luxury hotel, business halls, five screen multiplex, underwater restaurant and many showrooms of international brands. In coming years it will be the hub for modern business development in Jaipur. Jaipur is soon planned to have an International Convention Centre and a Golf course. A film city near Agra highway is also in the pipeline. Mansarovar housing colony is the largest housing colony in the entire universe. Two new colonies Anupam vihar and Abhinav vihar have been recently added to Jaipur
Real Estate in Jaipur
There are a lot of options available for investors and end users. Ajmer Road is the hottest location for all developers reputed big builder as well as small players. Omaxe Ltd. is developing Omaxe City, an integrated township spread over 500 acres of land with options of villas of size 172 and 263 sq. yards and builtup area 1300 sq. ft and 1527 sq ft. respectively. There is a plan to develop 15000 dwelling units in this township. Another giant Vatika Group has Infotech City, spread over 800 acres an integrated township with options of plots of size(180, 240, 300, 360, 400, 500, 600, 800, 1000, 1200 sq yds.) and flats for residential use and shopping complexes, a five-star hotel, recreational centre, health club, medical facilities and schools. A five-star and a three-star hotel have been planned on the premises. Jaipur Greens, a township by Emaar MGF spread over 155 acres of land with plots of size 208, 250, 302, 350, 450, 500 sq. yards is also a very good option to invest in. Amrapali Hitech City spread over 200 acres of land with options of plots (range 172-to-800 sq.yds.) and villas. Farm houses at Ajmer Road Vishram Vatika, Jain Farms, Vatika Farms, and Regent Green House are also Not but the least a number of other group housing/residential projects are in the vicinity. To name a few Amber Garden, Ekling Enclave, Hanging Gardens, Harmony, Jaipur 21, Oriental Enclave, Panchsheel Park, Platinum Green, Premium Villas, Rajmahal Royal Residency, Urban wood etc.
Tonk road is also a fast emerging hot area. Group housing projects developed/developing in this area like Jaipur Extension-II, Palm City, Sahara City Homes, Sarjeevni Vihar-II, South City, Triveni Enclave, Unique Sanghi Apartments are good option to invest in.
Jagatpura is also one of the real estate active areas. Residential projects of international standard plots, apartments and villas. Panorama Projects, Pearl Green Acres, Pearl Spring, Southern Heights, Unique Towers are few good options available. Tilak Nagar, Bapu nagar, Bani Park, Adarsh Nagar, Janta Colony, Ashok Nagar are very prime location in the heart of city.
Mega Projects in Jaipur
Mahindra World City , IT/SEZ spread over 3000 acres
World Trade Park
Science City with International Convention Centre
A Mini India theme park on 50 acres sharing space with a golf course and a cricket academy
A film city near Agra highway spread over 1000 acres
Some of the localities where real estate activities are happening at very fast pace are :
Future of Jaipur Real Estate
Jaipur is predicted as one of the ten ‘Mega Cities of future’ in India. As of now, Jaipur is among fastest growing Tier II cities in the country. Jaipur Development Authority (JDA) has collected revenue of more than Rs 1,000 crores during 2005-06 and trends seems to be continuing in the following years as well.
Given the fact that its very well connected with Delhi and also connectivity with Ahamadabad (and part of Delhi-Mumbia Industrial corridor) investments will find destination in and around Jaipur. Clearly real estate market can expect to fetch phenomenal returns in future. We rate Jaipur as one of the TOP real estate investment destination in India!