Buying Property In Jaipur: Any Time Is A Good Time!

By Author: mahesh sharma
Total Articles: 7
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We know that real estate prices normally follow a linear fashion and always move towards and it is the same in Jaipur too. According to a research done by global research agency CRISIL the property rates in Jaipur have gone up by 11-12% during April 2009 to April 2011. But, this does not mean that this should be the only reason why it makes sense to own properties in Jaipur. The capital city of Rajasthan is growing fast and according to CRISIL at present the growth prospects of this city is best among the 10 smaller cities in India. Experts maintain that people should not see price appreciation as the only determinant of long-term attractiveness; rather they should look after the potential for demand growth, price stability and quality of infrastructure before making a final decision.

Jaipur as a growing city

Popularly called as ‘The Pink city, Jaipur has emerged as a prospective real estate market in India. This city has witnessed unprecedented growth in the last two decades. Currently, the city is ranked high on infrastructure as well as transportation, ...
... since it is well connected to different cities and country by trains, roads and airplanes. Considered to be a preferred place to tour in Asia, it is ranked number 7th on the best places to visit in Asia category. Jaipur is a rapidly emerging property market that has seen boom not just in residential real estate, but also in commercial real estate with shopping complexes, offices, food joints and multiplexes opening up in this city. The city is one of the most sought after cities in the country, especially when it comes to outsourcing, which is why right now its property prices are rising, ensuring higher returns in the future.

Property rates in Jaipur

Owning a flat in Jaipur is not an easy task but it is not as tough as in Delhi, Mumbai and other metropolitan cities. The prices vary according to the location. The price per square foot in Ajmer Road is Rs 2250, in Chitrakoot it is Rs 2850, in Jagatpura it is Rs 2300, at Mansarovar it is Rs 2290, at Nirman Nagar the price per square foot is Rs 3000 and at
Vaishali Nagar is Rs 2850. The ratio of house price to income is 9.64. The mortgage as a percentage of income here is 121.41% and ratio of price and rent in city centre is 32.66. The ratio of price to rent outside of centre is 26.43. The gross rental yield) is 3.06% and rental yield overall (outside of centre) is 3.78%. The price per square meter to buy apartment in city centre is Rs 75,347.37, while outside of centre it is Rs 40,364.66.

Jaipur as an investment option

At this point of time, Jaipur is a lucrative investment hub for both investors and buyers. The latest arrival of several investors and private developers has arrival is the subject introduced a positive change in the real estate of this city. Now, residential complexes are being developed or have already been developed by the builders, keeping in mind the needs of middle class families. With so many deals and offers, this is the high time to invest your money in Jaipur’s real estate, because time is not far when you will get higher returns on your investment.