While property values in metro cities like Delhi, Mumbai and Bangalore urge corporate to look for alternative destinations to support their expansion plans, without escalating operating costs to prohibitive levels, Jaipur makes a sound proposition. Definitely, Jaipur real estate has attracted IT companies with its list of advantages.
Proximity to Delhi, and Mumbai
Owing to its proximity, 258 kilometers, to national capital city of Delhi, Jaipur is deemed as a potential alternative for setting up corporate offices. Nevertheless, the city is predicted as one of the ten ‘Mega Cities of future’ in India.
Jaipur real estate, nevertheless, is steaming with a suit of mega projects. The largest of them include Mahindra’s 3000 acre SEZ (Special Economic Zone), Anil Dhirubhai Ambani Group’s (ADAG) Mega City Development Plans, and Hero Honda’s Rs 700 crore manufacturing plant.
International finance major GE capital has already started its operations in Jaipur while technology major viz. Infosys, Cisco, Wipro, HCL, IBM, are exploring opportunities in real estate markets of Jaipur.
Business Processing Outsourcing (BPO) giant Genpact, after setting up a huge facility in the city, is also planning to invest around Rs 150 crore in the upcoming IT SEZ in Jaipur. Such kind of commercial activities have been generating further employment opportunities, and a large number of people are expected to come to settle in the city. Corporate demand would entail class housing and infrastructure to sustain future growth. And it ultimately points out to the major overhaul for the residential properties in Jaipur.
At present, national realty majors like DLF, Sahara and Ansal have their projects underway in the city. Parsvnath Group, which has its presence in many cities of Rajasthan, is developing residential projects in Jaipur. Vatika Group is also coming up with Vatika InfoTech city that would carry a mix of commercial and residential properties.
Property values in Jaipur
According to MagicBricks.com reports, the current capital value of apartments in prime residential locations of Civil is floating around the levels of Rs 2,500-3,500 per sq. ft and the rentals are around Rs 9,000-15,000 per month.
In C-Scheme, another prime residential location of Jaipur, the apartment capital value is Rs 3,000-4,000 per sq ft for a 2BHK apartment and the rentals are approximately Rs 8,000- 20,000 per month. Rental values, at one of the most sought after residential locations of Jaipur—Malviya Nagar, however are moderate at Rs 5,000-Rs 15,000 per month. Good quality independent houses are also available at the rent of Rs 7,000-Rs 10,000 per month, in the area, brokers informed.
Proximity to Delhi, and Mumbai
Owing to its proximity, 258 kilometers, to national capital city of Delhi, Jaipur is deemed as a potential alternative for setting up corporate offices. Nevertheless, the city is predicted as one of the ten ‘Mega Cities of future’ in India.
Jaipur real estate, nevertheless, is steaming with a suit of mega projects. The largest of them include Mahindra’s 3000 acre SEZ (Special Economic Zone), Anil Dhirubhai Ambani Group’s (ADAG) Mega City Development Plans, and Hero Honda’s Rs 700 crore manufacturing plant.
International finance major GE capital has already started its operations in Jaipur while technology major viz. Infosys, Cisco, Wipro, HCL, IBM, are exploring opportunities in real estate markets of Jaipur.
Business Processing Outsourcing (BPO) giant Genpact, after setting up a huge facility in the city, is also planning to invest around Rs 150 crore in the upcoming IT SEZ in Jaipur. Such kind of commercial activities have been generating further employment opportunities, and a large number of people are expected to come to settle in the city. Corporate demand would entail class housing and infrastructure to sustain future growth. And it ultimately points out to the major overhaul for the residential properties in Jaipur.
At present, national realty majors like DLF, Sahara and Ansal have their projects underway in the city. Parsvnath Group, which has its presence in many cities of Rajasthan, is developing residential projects in Jaipur. Vatika Group is also coming up with Vatika InfoTech city that would carry a mix of commercial and residential properties.
Property values in Jaipur
According to MagicBricks.com reports, the current capital value of apartments in prime residential locations of Civil is floating around the levels of Rs 2,500-3,500 per sq. ft and the rentals are around Rs 9,000-15,000 per month.
In C-Scheme, another prime residential location of Jaipur, the apartment capital value is Rs 3,000-4,000 per sq ft for a 2BHK apartment and the rentals are approximately Rs 8,000- 20,000 per month. Rental values, at one of the most sought after residential locations of Jaipur—Malviya Nagar, however are moderate at Rs 5,000-Rs 15,000 per month. Good quality independent houses are also available at the rent of Rs 7,000-Rs 10,000 per month, in the area, brokers informed.
0 comments:
Post a Comment