{"id":23595,"date":"2013-08-27T14:11:43","date_gmt":"2013-08-27T08:41:43","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=23595"},"modified":"2020-06-15T03:44:53","modified_gmt":"2020-06-14T22:14:53","slug":"jaipur-property","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/jaipur-property\/","title":{"rendered":"Jaipur Property"},"content":{"rendered":"

\"jaipur\"Jaipur, the largest city of Rajasthan as well as the capital of the state is the first planned city of India. It was built in the 18th century by Maharaja Sawai Jai Singh II. The city is steeped in history and tradition. It is more famous as the Pink City as it was drenched in that color when the Prince of Wales came to visit the city in 1853. At present it is one of the most well known tourist spots of India where one can find authentic Rajasthani gems and handicrafts. But besides tradition and history Jaipur is making an impressive effort to enter the modern markets as an IT destination. Therefore Jaipur is now growing and becoming a real estate investment hot spot. Builders in Jaipur<\/a><\/strong>Jaipur is a city that is thriving due to its connectivity with Delhi, the markets of Gujarat and now due to the development of the Delhi Mumbai corridor, the city also has access to Mumbai. The city always had a large market for the traditional items like jewelry, locally designed garments, semi precious stones, carpets, handicraft, leather goods etc. In recent times the Jaipur economy is taking a new turn and companies like Genpact and Infosys have set up their BPOs here. Like most traditional cities people of Jaipur preferred to live in independent houses on separate land parcels. But with the demands of modern life more and more people are moving to apartments which have better amenities, facilities and security. This is attracting builders and developers to Jaipur who now have better opportunities of expanding in Jaipur. The government too is upgrading the city infrastructure that can prove beneficial to the real estate industry. Key builders in Jaipur are Omaxe Group, ARG group, Vatika Group, Unique Group, Mahima Group, Vatika Group, Siddha Group, Mangalam Group, Anukampa Group, and Felicity Estates.Projects in Jaipur<\/a><\/strong>In Jaipur most of the new developments are happening in the suburbs, in larger plots of lands. The main city is occupied by independent houses on smaller plots. The newest projects in the city are taking place in the areas of Ajmer Road, Tonk Road, Sirsi Road, Jagatpura and Sikar Road. These new projects are chiefly high rises. Other factors that are encouraging new residential and commercial project development in the city are infrastructural development like the Jaipur BRTS, Ring Road and the Metro Rail that is under construction.Properties in Jaipur<\/strong>The city of Jaipur can be divided into four zones, namely, North East-Central, North-North West, South East, and South West. In the North East-Central part of Jaipur the chief locations are C-scheme, Civil Lines, Adarsh Nagar, Gandhi Nagar, Bapu Nagar, Raja Park, Ram Baug, and MI Road. Of these C-scheme is a chiefly commercial area and Civil Lines, Adarsh Nagar and Bapu Nagar comprise of the residential areas. The North East-Central part of Jaipur also consists of the Pink City, the oldest part of Jaipur.In the North-North West of Jaipur lie Bani Park, Sikar Road, Vaishali Nagar, Sodala, Ajmer road, Subhash Nagar, Shastri Nagar, Kalwar Road, and Vidyadhar Nagar. Bani Park is the preferred location for the government offices, Sirkar Road is the commercial belt, Vaishali Nagar is an affluent location that consists of both residential and commercial properties.In the South East of Jaipur Jagatpura, Tonk Road, Raj Angan NRI colony, Malviya Road, Sitapura industrial areas are located. Of these Jagatpura, Tonk Road and Malviya Road are the key investment areas as these are not only the most prominent upcoming real estate markets; they are also the most lucrative once that are developing quite fast.The South West part of Jaipur consists of Mansarovar, Diggi Road, B2 Bypass, Durgapura, and Patrakar Colony. Of these Mansarovar and Patrakar Colony are the main real estate hubs of South West part of Jaipur.Property Rates in Jaipur<\/a><\/strong>In Jaipur property rates in the four zones vary accordingly with the location. In the North East-Central part of the city it varies between Rs 5,800-12,000 per sq ft. in the North-North West part it varies between Rs 2,200 and Rs 7,000 per sq ft. In South East Jaipur property rates vary between Rs 1,650 and Rs 3,200 per sq ft. and in the South West it is between Rs 2,700 and Rs 4,000 per sq ft.Property Tax in Jaipur<\/strong>Previously much of the areas of Jaipur were free from property taxation. But as the city is expanding and developing the Rajasthan State Government has hiked the property tax rates since 2012 and many new areas which were so far exempt from property taxes have also been bought under the property tax scheme which is regulated by the Jaipur Municipality Corporation or the Jaipur Nagar Nigam.Investment Tips<\/a><\/strong>Jaipur has a largely investment driven market. People are tending to invest more and more in the city as it is developing fast and the future prospects due to the development of infrastructure and economic growth of the city. Speculation in the city is mainly long term and there are various barriers to short term speculation. Most investors are government officials, IT\/MNC employees and businessmen. Investors also come from the nearby Delhi NCR. In the recent years Jaipur has shown the greatest appreciation in property prices by 67% among all the cities of India. However caution should be maintained while investing in Jaipur as real estate fraudulence is high here.Upcoming Areas<\/strong>Jaipur has a growth corridor which consists of the upcoming areas of Jaipur that are best for investment. These places are Tonk Road, Jagatpura, Vaishali Nagar, Sirsi Road, Ajmer Road, New Sanganer Road and Sikar Road.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Jaipur, the largest city of Rajasthan as well as the capital of the state is the first planned city of India. It was built in the 18th century by Maharaja Sawai Jai Singh II. The city is steeped in history and tradition. It is more famous as the Pink City as it was drenched in […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23595","post","type-post","status-publish","format-standard","hentry","category-prop-trendz"],"blocksy_meta":[],"yoast_head":"\nJaipur Property -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/jaipur-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jaipur Property -\" \/>\n<meta property=\"og:description\" content=\"Jaipur, the largest city of Rajasthan as well as the capital of the state is the first planned city of India. It was built in the 18th century by Maharaja Sawai Jai Singh II. The city is steeped in history and tradition. 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