Fondly called the Pink city of India, Jaipur promises several excellent real estate opportunities. This is due to the constant onslaught of tourism and superior connectivity to the nation’s capital New Delhi. Here, you can rent out properties at a markup for shorter duration to travellers and also to working professionals who travel to Delhi once a week.
If you’re scouting real estate opportunities to make yourself a home, investing in Jaipur is affordable with substantial property appreciation. However, this depends on the area you choose.
So, investing in Jaipur this year? Here are the 10 neighbourhoods you must consider before finalising a property.
1. Ajmer Road
There are two reasons behind this area witnessing immense growth. First, there is a six-lane expressway passing near here which acts as a corridor between Mumbai and New Delhi. Second, the government has allotted over 300 acres to establish non-polluting industries.
Therefore, investing in Jaipur is incomplete without scouting for opportunities in this area. Experts already call Ajmer Road Mini-Gurgaon. Investing here will return high property appreciation as well as a substantial rental yield.
2. Tonk Road
Looking for a posh neighbourhood? Your search ends at Tonk Road. This clean, green residential colony sits only a few kilometres from the Jaipur airport, Sitapura Industrial Area, and the Gandhinagar Jaipur Railway Station.
It also boasts some of the best medical facilities like Narayana Hospital, Bombay Hospital and Mahatma Gandhi Hospital. A primarily residential neighbourhood, Tonk Road is an excellent real estate opportunity if you’re investing in Jaipur.
If you’re looking for new construction, that too apartment townships, start your search at Jagatpura. Located in South Jaipur, this locality is witnessing speedy residential infrastructure growth at pocket-friendly prices.
Given its excellent connectivity to the city through public transportation, many working professionals prefer living on rent here. So, whether you’re looking to invest in a property for rental income or scouting an affordable rental property in Jaipur, Jagatpura is worth a look.
4. Mahindra SEZ
Developed by Mahindra in partnership with the state of Rajasthan, Mahindra SEZ is replete with modern residential real estate. People who work in the IT and ITeS companies in the SEZ prefer renting and owning apartments in this area.
The residential developments make for a popular rental property in Jaipur and are already returning high capital appreciation for owners.
5. Malviya Nagar
An upcoming locality in South Jaipur, Malviya Nagar, sits only 10 minutes from Terminal 2 of the city’s airport. It boasts proximity to two of the largest corporate zones in the city, namely, the World Trade Park and Genpact.
Due to this, Malviya Nagar has several commercial and residential projects with an average price tag of 1.42 crores. It is a lively neighbourhood where you can find top-notch rental properties in Jaipur or houses to own.
One of the most popular areas for families, Mansarovar is a massive residential colony of Jaipur. It offers modern lifestyle homes that replicate the style of housing townships in metros. This locality boasts seamless metro connectivity and access to some of the best schools and hospitals in the city.
All this at pocket-friendly prices, as the average price in this locality is around 50 lakhs, making it a place for top property investments in Jaipur.
7. Sirsi Road
Another prime area for property investment in Jaipur, Sirsi Road, boasts a high number of quality residential developments. Homes here are affordable as large pockets of land were available for new construction.
Well-connected to the city, this area has already registered at least 10% capital appreciation for property owners here.
8. Vaishali Nagar
A wealthy neighbourhood, Vaishali Nagar offers selective residential property investments in Jaipur. This suburb boasts several upscale fine-dining places and other entertainment venues. It is a large area with several colonies within it. So, whether you purchase a property in Pratap Nagar or Hanuman Nagar, they all fall in Vaishali Nagar.
Since this is a vast locality, you’ll find all types of properties with different price tags. From apartments to independent houses, you can take your pick.
Popular within Jaipur’s elite, C-Scheme is one of the best places to invest in Jaipur if you’re looking for a luxurious abode. Even though this area is nestled away in the heart of Jaipur, it boasts plenty of tree-lined streets and greenery.
However, being one of the city’s top areas, houses here come with a heavy price tag. The property prices here can be exorbitant, but nothing that a home loan from a reputed lending institution or NBFC can’t help you with.
10. Bani Park
Another area that falls on the list of best places to invest in Jaipur is Bani Park. This is a reasonably upmarket location with the average price of flats around Rs. 1.76 crores. However, prices were much lower only a few years ago.
Safe to say, residential developments in Bani Park are on an upward trajectory when it comes to price appreciation.
Have you already found the best place to invest in Jaipur? If so, partner with Tata Capital for housing finance at competitive interest rates, flexible repayment tenures and speedy processing. In case of a shortage of funds, check out Tata Capital Home Loans to know more.