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Residential Property in Jaipur: Perfect for NRIs

Since last few years, the real estate sector has shown a marvelous growth, not just in metro cities, but also in smaller cities like Jaipur. Investing in the real estate sector is quite in-demand owing to better appreciation rates and periodical returns on investment in India. Also, investing in residential property in Jaipur is quite reasonable as well as lucrative for NRIs. The city, Jaipur has a lot to offer to NRIs as they can conveniently find a wide variety of properties, including villas, penthouse and flats at Jaipur.

flats in jaipurAlong with excellent infrastructure and tremendous development, the city also offers friendly real estate investment policies for NRIs. The provision of relaxed RBI and Foreign Exchange Management Act rules and regulations for NRIs, make invest in the city a convenient option for the NRIs. NRIs holding Indian passports don’t require any permission; where as NRIs with foreign passports only need to notify to RBI via form IPI – 7 within 90 days. In recent times, many builders have come up with different real estate projects that include luxury apartment in Jaipur Highway, which makes investing in the city perfect for non-resident Indians.

In addition to the above factors, there are few other reasons that act as a brilliant booster for investing in the city. Today, builders are bringing-in theme based housing in Jaipur. Flats are built on a totally new and innovative pattern, keeping in mind the needs of the investors. Furthermore, this is a perfect city for NRIs who are planning for a long-term investment in India.

Development can be seen clearly as Jaipur showcases one of the most advanced infrastructures, that includes various highways, upcoming metro rails and much more. These factors in due course of time will certainly increase the property rates. Expansion of multinational companies in the city is another factor that will help in increasing the price of the properties here.

Stated above are some of the reasons that make the city perfect for investment. Also, it is very convenient for Indian residents as well as non-resident Indians to invest here. So, if you are planning to invest in India, Jaipur has various options to invest in like flats, penthouse and floor houses in Jaipur.

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Buying a Property in Jaipur? Some Guiding Tips to Help You Make the Best Choice

The Pink city, a major tourist destination, known for its heritage sites, forts, handicrafts, jewelleries, traditional rich culture, has fast emerging as India’s leading investment destination hub after Gurgaon, Noida, Pune. The well planned city , the wide roads, clean and peaceful city, Jaipur has lured people of other neighbouring areas to buy properties here as investment.

profit to buy property in jaipur

We give below some essential guiding tips for property investment in Jaipur

  • Residential plot or apartment: The most lucrative sector as of now is the Jaipur Highway, which connects Jaipur with Delhi. The world class expressway, which is under construction, will be completed by June 2015. Many renowned real estate developers like Vatika Group are coming up with many projects along the highways. If you are planning to invest, then this is the best time. You can opt for buying a residential plot in Jaipur, which would cost less than an apartment in Jaipur Highway, at present. Once the expressway is completed, the residential property prices will rise. Residential plots on the highway or the integrated townships coming along the highway are better options.
  • Selecting a developer: Many small and new developers are emerging in the Jaipur real estate sector. It is to be noted that projects being developed by a new builder or an unknown builder are prone to delays in completion, though their offers will be comparatively cheaper. Investors or customers should always pay a little premium but should opt for a branded or reputed developer who will ensure the project is executed or completed on time and you know that your money is in safe hands.
  • Absorption: Jaipur is fast growing in the likes of Gurgaon but it has not reached that stage yet. The areas like the outskirts of Jaipur or the expressway have large inventories and absorption could continue to slow down. In areas with low absorption rate, residential properties are less costly. Hence these are suitable for long term investors, who can wait for 5-10 years. You should investment in property in such areas only if you do not have any plans to sell off the property immediately.
  • Specification: Look for areas that are adjacent to an open public park or greenery around because when buildings and townships grow tall, it becomes difficult to find large open spaces, which is the case in Gurgaon or Noida now. In Jaipur, there are still lot of open spaces available. So when you buy a property, make sure that your area has some space around it, so that there is no question of over crowdedness.
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Why to Invest in Property in Jaipur-Ajmer Highway?

Jaipur has become one of the most popular investment hubs of the country after Gurgaon, Noida and other metro cities. One of the fastest growing areas of this city is the Jaipur Ajmer Highway, for which the demand for property is increasing in Jaipur. This highway stretch connecting Delhi, Jaipur, and Ajmer has become a hot spot for real estate.

Property Investment in Jaipur

Reasons to Invest in Jaipur Highway

  • One of the main reasons for its growing popularity is that the areas near the highway offer easy connectivity and accessibility. The highway area, though slightly in the outskirts of the main city, has been witnessing hectic development activities all the year round. The highway is strategically located close to some of the posh locations of Jaipur like as Chitrakoot, Vaishali Nagar, and Panchsheel.
  • The locations near the highway are also the target spots for proper development. Prominent real estate developers have announced a number of projects in the Jaipur-Ajmer Highway. If you want to purchase an apartment in Jaipur Highway or an independent house in Jaipur, this is the right time as the property rates are reasonably low as of now.
  • Jaipur is strategically located near to Gurgaon, Delhi and Ajmer. This is the main drive of people to invest in real estate.
  • The Jaipur-Ajmer expressway has led to the emergence of Peripheral Business Districts (PBD), which is gaining wide acceptance among investors, buyers, and end-users recently.
  • This is a six-lane highway.
  • A lot of IT/ITeS companies are setting up their offices in the nearby neighbourhood of the highway, like as Wipro, Infosys, Genpact etc.
  • The announcement of the Special Economic Zone (SEZ) projects by Infotech and Mahindra World City is another feather in the cap for the highway area.
  • Many new commercial projects are in the pipeline in the expressway.

Property values in Jaipur will escalate very soon. Prices of apartments in Jaipur will soon touch the peak. According to a report, the Jaipur-Ajmer highway express way is seeing growth in the demand for new residential projects by 25% in the past 6 months and prices have rose by 12-15% during the same period. A large number of real estate developers like as Vatika Group and others are offering premier flats, apartments and residential plots in Jaipur Ajmer Highway.