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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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Excellent Time to Invest in Jaipur Real Estate

Jaipur is quickly turning into one of the most favored destinations for real estate, in India. It is emerging as the second-fastest developing town in the country. Good roads, as well as abundant air and rail connectivity to the national capital, Delhi, has made Jaipur one of the hottest tourist destination. It is also growing in popularity for its growing real estate market. (Ultram)
investment in jaipur In order to meet the future housing demands of IT sector employees, there have been some integrated townships developed by Jaipur real estate builders. There are various residential projects under way by a number of big and small real estate developers. Commercial real estate development is also a big attraction for investment in residential properties Jaipur.

Real estate experts believe that this is the best time to buy property in Jaipur. Most new developments are taking place in areas where IT companies have come up. Residential areas like Bapu Nagar, Civil Lines and Malviya Nagar are expensive to rent.

With every passing day there is an increase in the in infrastructural development and tourism of Jaipur. Another reason for Jaipur becoming a popular investment destination is the soon-to-be-functional metro. The development of Metro has not only improved the growth graph of the city, but has also had a positive influence in the city’s real estate.

Locations which fall on the metro stretch are more expensive than the suburban locations of the city. So, if you are middle class buyer searching for a property in Jaipur, then it might be a good idea to invest in the outskirts of Jaipur at a lower price and still enjoy the great connectivity of metro. A number of skyscrapers are coming up in the city. The cost of flats at Jaipur may start from Rs. 20 lac onwards, depending upon the location. The concept of villas in Jaipur, group housing societies, row houses and integrated townships, are already popular in this ancient town of palaces.

According to the recent developments, Jaipur is set to become an IT destination. Looking at the up-gradation of infrastructural facilities and due to the city taking on the mall culture, the ‘Pink City’ is surely turning into a hot investment destination.