|World Trade Park|
Jaipur has always ranked high on the itinerary of Indian and foreign tourists, and flourished, not only because of its proximity to Delhi, but for the richness in culture it offers to every visitor. In the last decade, Jaipur has also taken a giant leap and joined the ranks of modern computational technology centres in India today. The IT companies in the city have created a need for commercial spaces, modern and subsequent requirement for appropriate housing. Real estate development in Jaipur has peaked surprisingly and developers from across the country are competing for a share of the real estate market here in Jaipur. Obviously the prospect is very lucrative in Jaipur, the pink city of India.
Residential property: The opportunities for investors and end-users from ongoing projects initiated by private property developers are several, and affordable, even at current rates, which have gained significantly in the past year.
Ajmer Road is the place for all manufacturers of ownership. The Vatika Group has opened the way for real estate development project in Jaipur with its historic town Infotech on 800 acres, autonomous integrated commercial complexes, a five star hotel, a leisure centre, health club, medical facilities and schools. A five-star and a seven star hotel have been provided on site, accessible from the Ajmer Road. A shopping centre is in focus right now with a target to be built up in more than one million square feet!
Similarly, Omaxe Limited, Suncity Builders, Panchsheel Colonizers, and Melange Era Group offers integrated common international standards with residential plots, apartments, villas stretch, hospitals, shopping complexes and schools. Rajmahal Royal Residency, Green, Platinum Mehandipur Residence, Garden City, Green Heights, Elite Residency, City Ville, Mahima's Panache, Panorama, and Studio Panache are the recently launched residential projects in Jaipur.
Commercial Property: Commercial property in Jaipur are redefined with iconic structures such as the World Trade Park to come up soon, which will be equipped with retail spaces, commercial and industrial trading systems, 5 star hotel, art gallery and a museum, an auditorium and a convention centre.
The pulse City, Crystal Mall, Crystal Court, Crystal Palms and many other to name, offer business and shopping under one roof. The Gold Souk, on the other hand, responds exclusively to consumers for jewellery. The Metropolitan offers 250,000 square feet of shopping, trading, entertainment, a luxury hotel and a business centre.
Another Rs 1900 crore Film City project on 1,000 acres in Jamdoli is being developed. The state government in March 2007 also proposed a Science City in Jaipur to be developed with the International Convention Centre. A "Mini India" theme park on 50 acres of sharing space with a golf course and a cricket academy is also under consideration.
Hotel Orchid Central will be joining in August to gratify the scope of Jaipur hotels, Bharat Hotels and Hotel Shiv Villas and project Panchsheel Tivoli Garden Resort Hotel.
The boom in real estate in Jaipur is here to stay with the active support of government for mega commercial projects - as they take shape, the real estate market in Jaipur maintains its healthy growth.