Jaipur

Occupying a residential property in Jaipur is becoming a distant dream day by day. It is because of the ever increasing property rates. Those who already have properties, are waiting for the right time to sell as there are sure possibilities of increase in the prices. Some of the biggest builders are developing townships encouraging people for community living and upgrade their living standards.

Parsvnath, MGF, Ansal, Omaxe and Vatika Group are some of the names that offers quality and reliability. Investment in residential property has also become very popular in the recent past. People are preferring it over bank and share investments.

Jaipur is greener and more peaceful city as compared to other metropolitan cities. This is also a reason for people to opt for residences in Jaipur. The government has plans to transform the city of Jaipur into a word-class city with all modern facilities, business and commercial opportunities.

As Jaipur gears up for a transformation, there has been a large influx of investments in various arenas of business. Its close proximity to Delhi and the National Capital Region (NCR) is one of the credible factors for the corporate sectors eying Jaipur as a possible hub in the face of growing congestion in the metros.

The real estate prices in Jaipur is comparatively lower than the adjacent metro cities. As a part of the Golden Quadrilateral and the North-South, East-West corridor, Jaipur offers excellent road and rail connectivity and an international airport. An inland container and cargo complex serves as a ideal hub for manufacturing industries. The project has been assured sufficient water and power resources.

Proposal for a SEZ in Jaipur and IT giants Wipro and Infosys showing interest for investment in Jaipur is a clear indication of the changing trends in the city's economy. As IT and BPO industry continue to flock into the city, there has also been an inflow of large workforce (both skilled and unskilled), creating a dearth of residential spaces in the city.

The first planned city of the 18th century, Jaipur is showing potential to become a new age investment destination in North India. The city is strategically located with quick and easy access to Delhi, Gurgaon and Manesar. Through various leading educational institutions in Rajasthan, it offers skilled manpower and best of engineering and commercial business.

Gartner has identified Jaipur as an emerging destination for the ITES industry. Low attrition rates, reduced manpower costs and robust connectivity provide Jaipur an upper hand over other destinations in North India. Some of the major commercial projects emerging into the map of Jaipur are-

1. Vatika IT Park
2. Mahindra World City IT Park
3. World Trade Park
4. Goldsouk - Exclusive Jewelry Mall
5. MGF Metropolitan Mall

The 800-acre integrated Infotech city to be developed by Vatika besides providing international style of living also plans to develop a 50-acre IT Park with capacity of accommodating approximately 50,000 IT professionals and aided staff. There are also plans to develop a World Trade Park in Jaipur city, which will have offices, a convention centre, retail outlets, a five-star hotel, entertainment centers and computerized parking facilities for 1,100 vehicles.