Central and East Jaipur

Central and East Jaipur

In the center and east of Jaipur Properties are Gandhi Nagar, Bapu Nagar, Raja Park, and Ram Bagh, C-scheme, Adarsh Nagar, Civil Lines and MI Road. Comprising of posh residential colonies of Jaipur, the stand hub comprises of predominantly HIG and upper-MIG population with good disposable income and higher density. The residential stock is primarily in the form of plotted developments vary between plot sizes in C-Scheme which is located in immediate vicinity of the CBD. From the residential development perspective, the location is dotted with high-end bungalows and independent houses. However a variety of apartment complexes by renowned local builders can be witnessed with units in the price bracket of Rs. 7,500-12,000 per sq ft. These developments are primarily small scale developments built over large independent plots. Two eminent projects in the micro market include Satyaprakash Group’s Royal Ensign and Om Metal Infraprojects Ltd.’s. Launched at an approximate price of Rs 900 per sq ft. in 2001, Royal Ensign today commands a sale rate between Rs. 12,500-13, 00 per sq ft. in secondary market. Inventory in Pallacia too is available at Rs 12750 per sq ft. In terms of absorption, only limited units are available in secondary market within Royal Ensign. However, around 75 units have already been sold in Pallacia out of 152 since its launch a year back.

Civil Lines is a prime location of Jaipur. Apart from premium independent houses, premium small apartment complexes have also been developed in the Civil Lines area. Other high income neighborhoods include Adarsh Nagar, Raja Park, Tilak Nagar and Bapu Nagar among others. Apartment complexes in these micro markets are available within a price bracket of Rs. 6,000-8,000 per sq ft. However, capital values have almost doubled in these locations since 2008 wherein the same projects were available within a price band of Rs. 3,500-4,500 per sq ft. in 2008, showing a tremendous increase in demand for residential units in the region.

Jaipur Industrial Development

Jaipur Industrial Development

At present, manufacturing contributes approximately per cent to the district domestic products. Further, approximately 1/3rd of this contribution is from unregistered units, highlighting that the employment and investment in industrial sector is likely to be higher than recorded by the respective government agencies. This is a positive sign and factor for the sustainable growth of Jaipur.

Jaipur Retail Real Estate

Jaipur Retail Real Estate

Jaipur has an existing and under construction organized retail supply of approximately 6.28 million sq ft. Majority of the organized commercial developments in the city comprise of a mix of retail and commercial office space. Further, the retail space in such set-ups is typically of a small-scale (1,00,000 sq ft.). Across majority of the small scale and integrated commercial developments, while the lower floors (ground and first floors) are occupied by retail operators, higher floors typically attract office space occupiers. Further, majority of the retail stock in the city is primarily Grade B Stock. However, various upcoming and recently completed retail developments in the city provide larger retail zones and better quality developments

Jaipur Travel and Tourism

Jaipur Travel and Tourism

Eminent hotels in Jaipur Properties include Rajputana Sheraton, country Inn and Suites, Trident Hilton, Raj Villas, Park plaza, Holiday Inn, Fortune Select Bellacasa, Royal Orchid, Ramada Inn and golden Tulip among others.

Jaipur IT/ITeS sector

Jaipur IT/ITeS sector

According to rough estimates, total working population of over 1,500,000 persons is expected once the SEZ commences full scale operations. Some of the prominent companies operating within this SEZ include Infosys, DBOI Global services, EXL SEZ, BPO solutions, Nucleus software Exports, and Systweak software among others. Further, an additional IT SEZ is planned in the corridor by Vatika group.

Commercial Jaipur

Commercial Jaipur

Fortune 500 companies such as coca -cola and McDonald’s have already set their foot in the city. GE, the company that changed the face of Gurgaon, has moved into Jaipur and this has paved way for the entry of various other IT and ITES firms. Company that changed the face of Gurgaon has moved into Jaipur and this has paved way for the entry of various other IT and ITES firms. Companies like Infosys and Wipro are also schedule to set up bases in Jaipur. Thus, the city is the most significant driver of IT sector growth in Rajasthan.

Residential townships and apartments in Jaipur

Residential townships and apartments in Jaipur

Central and eastern parts of the city comprise of prime residential zone owing to its location, accessibility and quality of infrastructure. The region is primarily characterized by mid-to-large-sized residential plots. Jagatpura Properties is an emerging real estate investment in Southern parts of Jaipur

Jaipur towards proto-metropolitan

Jaipur towards proto-metropolitan

With the changing scenario of the economy of tier ll cities in India, Jaipur Properties is fast emerging as a component destination for business expansion and investments activities. Real estate market of the city offers a lucrative market for investment and developments by leading construction companies. Property developers and buyers contend for obtaining sufficient share for productive advancement in the real estate sector. The property market is thus reaching astonishing height which will further accelerate the city’s reality trends. Large scale commercial and retail complexes. IT parks and various luxury residential projects are already developed and are in the process of development I the city. Prominent city-based developers such as Mahima group, Bardiya group, RF properties, okay plus, Akshat group and Mangalam group have come up with various state-of-the-art real estate projects in the city, and helping change the skyline of Jaipur. Apart from the leading local developers, various national level developers have entered to develop quality housing stock and infrastructure.

Jaipur is viewed as the educational hub of the state

Jaipur is viewed as the educational hub of the state

Being the capital of Rajasthan, Jaipur is viewed as the educational hub of the state as it offers many medical and engineering colleges. There are over 400 institutes providing higher education in Jaipur, creating a large pool of skilled and qualified manpower. Jaipur also has a number of prestigious schools affiliated to the central board of secondary education (CBSE), which contribute to maintaining the highest literacy rate in the state. Best of professional colleges in Rajasthan ate 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 instate of Technology among others. Being the educational pivot of the state, Jaipur attracts a lot of student population from all across Rajasthan, factoring which the retailing segment in the city is on an all- time high.

Rajasthan on the growth radar

Rajasthan on the growth radar

Being the capital of Rajasthan, Jaipur Properties offers innumerable options and varied opportunities in terms of both employment and lifestyle. Enhanced connectivity, an upgraded airport at par with international standards at sanganer and being an important part of the ‘Golden Triangle’ along with Delhi and Agra, India’s most visited tourist circuit makes Jaipur a flourishing business destination apart from just being the most popular city in Rajasthan. Ample parking facilities, congestion-free traffic in prime city areas with a number of flyovers and bridges, well- carpeted roads and civilized people augurs well for the city. Viewing the social life in the city, Jaipur boasts of several clubs that offer recreational facilities including indoor and outdoor sports.