Tuesday, January 6, 2009

Jaipur Properties - Good Time to Invest

Jaipur has of late become one of the most preferred new destinations of urban living in India. It has emerged as the second-fastest growing town in the country. With better road, rail and air connectivity to the national capital Delhi and other places, this hot tourist destination is now in spotlight as the rising star in the real estate market.

Jaipur real estate builders have developed some integrated townships in the recent years. Some of the developers like Sahara, Vatika and Vian are developing their new projects along the Jaipur-Tonk Highway. To meet the future housing demands of the IT sector employees in Jaipur, a number of residential projects are under way by various big and small Jaipur real estate developers. Commercial real estate development is a big draw for investments in residential real estate sector.

The city's main residential areas like Malviya Nagar, Bapu Nagar and Civil Lines have very high rentals rates. Real estate experts believe it's almost the right time to buy apartments in Jaipur. Most of new development is happening in the areas where the IT companies have been set up.

Jaipur Properties are surely becoming the topic of conversation for all the potential investors. The state government has removed the ban restricting the height of a building to 30 metres. According to the new format, the height of the buildings can be 1.5 times the width of the road running in front of the building. Since, there is a lack of open spaces in the city limits; the government has decided to increase the height of the buildings without disturbing the basic town planning.

A dozen of such skyscrapers are to come in Jaipur. The price of a well constructed apartment in Jaipur costs anywhere near Rs. 20 lakhs which is certainly an expensive choice for middle class. However, skyscrapers will serve as the best savior.

Looking at the recent developments Jaipur real estate builders believe Jaipur is all set to become an IT destination and taking on mall culture and upgradation of infrastructural facilities the 'Pink City' is surely going to be one hot investment destination.