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Commercial Property In Jaipur Holds Tremendous Growth Scope
Author : Neha Chawla
Jaipur is amongst the most popular holiday destinations in India especially with foreign tourists. Enriched with cultural heritage, the city offers state-of-the-art architectures like ancient forts, marvelous palaces, artistic museums and sacred temples. But Jaipur is not all about tradition and culture; it has experienced urbanity too with the commercial wave sweeping the city in last few years. Real estate in Jaipur is burgeoning with demands for all kinds of properties-residential, commercial and retail.
An astounding need for development is felt in Jaipur real estate in wake of the boom in its technology sector. The immense potential that it holds for realty developments has been realized and is explored further. This largest city of Rajasthan is the first planned city of the country and spells royalty and splendor with its name. Along with being a favorite with tourists for its ancient construction wonders and rich history, it is also preferred for its proximity to the national capital, Delhi. This is one of the most important factors that help boost the property in Jaipur especially in the commercial segment that includes offices, hotels, lodges, restaurants, etc.
Jaipur has been ranked as the 7th best place to visit in Asia in a recent international survey. The rapidly developing infrastructure in the city is remarkable, surpassing even those of metros like Delhi and Kolkata. A hotspot for property development, Jaipur has an international airport, a railway station, well maintained network of roads with multi-story flyovers and traffic lights. It boasts of global standards of living and high quality housing with well planned colonies and parks. With such world class supporting facilities, Jaipur real estate definitely deserves much more attention than it gets. Since, it is popular worldwide and receives millions of tourists every year, the commercial property of the city demands growth. Better the facilities, more the influx of tourists, thus, higher the revenue. It can therefore be concluded without a doubt that commercial property in Jaipur holds tremendous scope for expansion while promising fair returns.
Just in its nascent stages, Jaipur commercial realty is getting lots of appreciation even as the demand keeps growing. More and more leading realty players are entering ‘The Pink City’ to develop land for both residential and commercial purposes. The development in commercial realty brings along with it the need to develop housing and accommodation facilities. The famous developers like Vatika Group and Ansal API have already acquired the land in Rajasthan industrial belt and Ajmer Road respectively. The construction work has also started for integrated townships equipped with residential and commercial settings, shopping complexes, recreational centre, a five-star hotel, health club, medical facilities and schools. Even land in Neemrana is set to see few Japanese logistics companies establishing their operations in sometime.
An esteemed center for education, Jaipur has one of the best medical and technical institutes in the country. From engineering colleges to business management institutes, from hotel management colleges to pharmacy, medical and dental institutes; Jaipur has them all. Leading hospital groups, cricket stadiums, shopping malls, multiplexes and other such setups make it an ideal place to live in. The swift growth in property in Jaipur makes it a noteworthy destination for property investments. The keen interest of buyers and investors from across the country further boosts the property market of the city. As a result, realty costs have been taking an upward path reinforcing the investors’ belief of high returns in future.
Jaipur is a beautiful place to live in and is witnessing a sudden spurt in its realty sector. It is experiencing a fast paced growth while emerging as one of the leading cities in India.
Author's Resource Box
Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property in India , search for a property, browse through Jaipur property & other Properties.
Article Source:
Articlebliss
Tags: Real Estate, Property, Real Estate India, Appartments, House, Buy House, Property Investment, Real Estate for Sale, Buying Home, Flat, Apartments, Residential, Commercial, Realestate, Homes, Villas, Bunglows, Property India, Developer, Builder
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Submitted : 2010-08-02 Word Count : 676 Popularity: 288