Real Estate Growth in Rajasthan

Rajasthan is the largest state of India. The state covers 10.4 percent area of country and is known as land of kings. It is experiencing an exceptional growth. With saturation setting in metros, the real action is now heating up in emerging cities. Real Estate in Rajasthan has taken unprecedented boom. In the recent year, the construction of residential and commercial complexes, shopping mall and multiplexes is on rise to strengthen the infrastructure of this state. There are many factors that have gone into making this state a real hot hub for this industry.

Property market in the area is increasing due to IT growth and this expected increasing availability of the residential as well as commercial property is bound to bring price down as colonizers pour in.

Generally it is known for its culture and hospitality, and is eighth largest state in terms of economy. There is about 20 million hectares of land for cultivation in Rajasthan but owing to the desert only 20 percent of land is irrigated. Property dealers have shifted its focus from major cities to developing places. As all metro cities are now saturated, so the real estate specialist thinks that state is the next safest place for property development and investment. They feature that connection to all biggest highway and affordable prices as a primary source for the same. Until just the city of Jaipur had not observed much expansion in terms of this industry but as a part of recent trade boom in the country, it is witnessing flurry of trade activity.

At present national realty majors like DLF, Sahara and Ansal have their big projects underway in the state. Groups like Manglam are growing towards to becoming the part of realty majors. The complete commercialization of Delhi has made it totally congested and has almost choked this industry in the city. The prices are touching all time high but this has proved highly beneficial to cities around Delhi. The developments of districts like Gurgaon and Noida is now extended to some major cities of Rajasthan. The prices in Jaipur have been upped but are slated for further increase in next few years after the completion of various under construction projects.

Due to this abnormal growth the Properties in Rajasthan has reached remarkable point. There are few amazing projects are coming towards this from the majors of this industry. Even the government of this state is helping people to buy home by offering them home loan easily.

Why to invest in Jaipur Property?

Jaipur is one of the fast growing cities in India in terms of infrastructure, education, foreign investments and real estates. The big corporate houses as well as local builders are coming with some good residential as well as commercial projects in the city. Some of the investment gurus are also seeing Jaipur Property Rates as a lucrative investment substitute to Gurgaon and many middle class families and small businessman are showing keen interest in the growing real estate sector of the city. Some of the key reasons behind the increasing demand of real estates in Jaipur are

I. Property rates in Jaipur: one of the key factors behind the climbing number of prospective investors in commercial as well as residential property in Jaipur is their rates. The prices at which the properties are now offered to the investors are highly competitive and lucrative. When compared to the prices of similar property in Delhi and NCR, the property rates in jaipur is just unbelievable as well as affordable. The Jaipur property rates are still under control and within the reach of common middle class family.

II. Growing Infrastructure in the city: Although the city has always been in the list of favorite and popular cities of India because of its rich and vivid culture, tradition and history. But now, more than that, it is known for its growth in terms of infrastructure and development as a well organized and planned city. Unlike many other existing metro cities, Jaipur is far more systematic in terms of road structure, transportation, drainage system and expansion arrangements.

III. Interest of Foreign Investors: the city is slowly gaining popularity among the foreign investors who are stunned not only by the colorful customs and historical properties of the city but are also by the high economic and infrastructural changes in the city. Many foreign companies are planning to open their offices in Jaipur subjected to dynamics like ??? Proximity of the city to Delhi and NCR ??? Good transport system ??? Effective expansion plans ??? Overall growth of the city ??? Increasing trading activity ??? Increasing footfall of the tourist year after year IV. Liberal Government Policies: the liberal policies of the state government are also responsible for rapid growth of the Pink City. The government has also been supportive and encouraging in directing various investment opportunities, initiating various development plans and providing systematic expansion layout. So if you are thinking of investment in real estate sector then you must consider property in Jaipur as profitable and high yielding return investment option.