Jaipur On The Growth Radar To Become A Real-Estate Hotspot

Jaipur has seen tremendous growth in the past decade. The Pink City is not just confined to the seven gates now, the boundaries now lie far beyond the walls. The city has become one of the urbanized cities with world-class infrastructures. Apart from the old city, areas like Ashok Nagar, Rambagh, Banipark Gandhi Nagar, Vaishali Nagar, Civil Lines, C-Scheme, Malviya Nagar, Patrakar colony, and Jagatpura form the ‘New City’ and represent urban Jaipur. Jaipur is witnessing vast industrial as well as infrastructural growth, especially along primary routes connecting with the neighbouring cities. The city is becoming one of the most desired locations for buying property. Jaipur ranks high on the influx of tourism activities, but there are multiple other prospering factors of the city that have made it so desirable.

As the capital of Rajasthan, Jaipur is home to multiple educational institutions and is viewed as an educational hub. Jaipur is fast becoming a center of quality education and coaching center for entrance for various reputed institutions in India. The best professional colleges in Rajasthan are housed in Jaipur and these include the University of Rajasthan, SMS Medical College, Mahatma Gandhi Medical College, BMIT, Jaipur Engineering and Research College, Rajasthan Institute of Engineering, and Dr. Radha Krishna Institute of Technology among others. Being the educational hub, Jaipur attracts students from all over Rajasthan as well as other states, factoring in the retailing segment in the city at its all-time high.

With the changing scenario of the economy of tier ll cities in India, Jaipur is fast emerging as a component destination for business expansion and investment activities. Due to its booming economy, people from all over India are moving to Jaipur in search of better living conditions and employment. The property market is thus reaching astonishing heights which will further accelerate the city’s realty trends.

Primarily traditional in its outlook, Jaipur has witnessed in-roads by a variety of international and branded establishments within the retail sector. MC Donald's, Pizza hut, Shoppers stop, Cinepolis, Raymond, and other major chains have already set up their operations in Jaipur.

Favorable demographics of the city add to its sustainability over the long term. The demography of Jaipur is not just about numbers or quick stroke figures but it gives insights into how the city is expanding on a wider canvas. Jaipur, by and far, is the largest and has been the only million-plus city in the state of Rajasthan in 2001. Major development is likely to advance towards city suburbs, primarily along the growth corridors such as Ajmer road, Sikar road, Sirsi road, and Kalwar road. This wonder has already begun to take shape since 2005 as various growth corridors of the city observe quality upcoming projects all across. It implies huge development potential for various industries as well in the area between Sikar Road and Ajmer Road as this would fall under the influence of the industrial corridor.

Ajmer Road is a prominent residential corridor of the city. The initial stretch of the highway comprises a variety of residential developments across all formats including townships, group housing societies, and residential plots. The corridors have a large presence of national developers as well including Vilasa, Vatika, and Emaar among others.

Looking at the present growth rate of Jaipur, the state of infrastructure developments in the city and region, strong economic base, socio-economic profile, and various favourable policies of the state government, it is estimated that Jaipur will be one of the fast-emerging cities of India and will dominate its position in the world map.