Residential development in Jaipur has been developed primarily by private developers, for which land is promoted by Jaipur development authority (Jaipur JDA). With overall growth of Jaipur in terms of population base and city structure, various national and regional developers such as Asnsals, Omaxe, Mangalam group, Vatika and Ashiana developers, among others are developing residential townships and apartments in Jaipur.
Similar to other Indian cities, the secondary and suburban residential markets are the targeted growth zones for future residential supply in the city. Majority development is observed in the northern, southern and western location of Jaipur. Most of the upcoming residential supply is observed along Ajmer Road, Sikar Road, Jagatpura, Sirsi Road and Kalwar Road. This supply is in response to the demand from the investors and in city population opting for better lifestyle.
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. Since there is negligible availability of fresh land for development within the region, the capital prices for residential plots in the region have remained the highest in this corridor of Jaipur.
The average annual escalation in property prices in city central areas has been approximately 20-25 per cent which is even higher than Delhi-NCR market in north India. Large residential or industrial plots in the city are being redeveloped as small premium apartment complexes with all luxurious facilities. Owing to their city-centric location and quality infrastructure, these developments are in great demand in Jaipur. The city also hosts a wide range of options including integrated residential townships that offer fully developed plots, independent bungalows, high-rise apartment, pent houses and independent floors.
In addition, the group housing projects in these cities not only offer economical housing but also offer several modern amenities such as health clubs, sports facilities, swimming pool etc. several well-known builders are involved in developing the city with their rich industry experience and knowledge. They ensure to maintain the infrastructural and architectural designs in tandem with the latest prevailing trends.