Real Estate - Investment Prospects In Jaipur

Jaipur is sincerely viewed as an option to Gurgaon and it is anticipated as one of the 10 mega metropolises of future, in India. Considering that corporate and institutional focusing is the existent index of future growth, Jaipur existent estate is surely on a spin.

Commercial developments

With respective large IT projects coming up in the city, Jaipur have surfaced up as a major IT destination. Major North American Indian and international MNCs are setting up their feet in the city. Esteemed undertakings including, Mahindra's 3,000 Acre SEZ, Anil Ambani's Mega City Development Plans and Hero Honda's Rs 700 crore works are there to be launched soon.

Beside, Infosys, Cisco, Wipro, HCL, IBM, Daksh, Hinduja TMT etc are also exploring concern chances in Jaipur. Subsequently, there is Cognition Corridor, Sports City at Achrol and respective cordial reception undertakings including five star hotels by the likes of Taj, Hyatt, Radisson, and Hilton in the offing.

Residential place sector

As corporate demand would necessitate quality residential places and substructure to back up future expansion, Jaipur is witnessing a host of such as undertakings both by local as well as metropolitan city-based existent estate developers like Narayan group, Narvik Nirman, Omaxe, Suncity, Alone group, DLF, MGF, Vatika, Ansals, Parsvnath, etc.

Recently, Fishman Holdings' Indian existent estate development subsidiary, Mondon Investments Ltd., bought a 600-acre secret plan in Jaipur for $108 million for edifice a four million foursquare metre integrated township which will include residential units, commercial space, offices, and high-tech space at a humongous investing of $2 billion.

Growth Drivers

The IT moving ridge in Jaipur is termed by the industry experts as the discovery for Jaipur existent estate. Being strategically located at 3-4 hours thrust from Old Delhi on Delhi-Mumbai Highway, Jaipur have a well laid out conveyance web which offers connectivity via all agency of transportation, and the approaching subway nexus would be an added benefit.

Future Prospects

According to mass media reports, Jaipur is among fastest growth Grade two metropolises in the country. Jaipur Development Authority (JDA) have collected gross of more than than Rs 1,000 crores during 2005-06. Further, the rise in Jaipur Real Number Estate is estimated at a important 10 to 15 per cent per year. Nowadays the expression is, 'home is where the hard cash flowing is' and in Jaipur one can happen both.