Jaipur Properties Central and East Jaipur zone includes 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.