Jaipur Properties 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.
Favorable demographics of the city add to its sustainability over long-term. The demographics of the city add to its sustainability over long term. The demography of Jaipur is not just about numbers or quick stroke figures but it gives insights into how the city is faring on a wider canvas. Jaipur, by and far, is the largest and has been the only million plus city in the state of Rajasthan in 2001. Its share in the state’s urban population was 15 per cent in 1991 which has substantially grew to 17 per cent in 2001. Today the city ranks first in the state of Rajasthan, showcasing the highest urban population. The population has increased from 2.3 million in 2001 to 3.07 million in 2011. And by 2025 the population is likely to double to a level of approximately 6.5 million which shall generate huge demand of approximately 650,000 residential units. With shrinking size of the existing city area, majority of development is likely to advance towards city suburbs, primarily along the growth corridors such as Ajmer road, Sikar road, Sirsi road and Kalwar road. This phenomenon has already started to take shape since 2005 as various growth corridors of the city observe quality upcoming projects all across.
In terms of SEC classification, around 30 per cent of the population of Jaipur recorded in the Socio Economic Classification SEC of A and B, both the income and expenditure propensities are at an all-time high indicating a higher paying capacity of the city residents as compared to average Indian cities. The per capita annual household income of the Jaipur is approximately: 48,140 with an average saving of 40 per cent which further seconds the willingness of residents to spend. The city’s booming economy is also the main reason so many people migrated to Jaipur in recent years in search of better living conditions and employment. All this is leading to the transforming of Jaipur city towards proto-metropolitan. With wide spectrum of opportunities offered in urban areas post-1991 economic reforms, prime cities of various states have observed tremendous population migration and Jaipur is no exception to this phenomenon.