Ever-increasing real estate prices and scarcity of land is forcing people to move out of mega-cities and look for land in the near by promising destinations. New areas offer incredible opportunities in real estate since the entry-level land prices are low compared as to big cities. Also the rules, regulations and polices for acquiring land are very flexible. Additionally it is easy to find spacious land banks in new markets, something which is next to impossible in the choked mega-cities.
Delhi real estate market is a case in point where land is becoming a scarce commodity. The city limits of Delhi have extended in all directions. Gurgaon, Bhiwadi and Dharuhera are the prime NCR regions but property here too is an expensive commodity.
Nowadays, users are moving beyond these places to look for property in nearby areas. And areas like Jaipur are benefiting from this trend. Jaipur’s proximity to Delhi has become a USP for its real estate market. Jaipur also has an advantage of good infrastructural facilities along with favourable business environment, high literacy rate and high purchasing power. Banking on all these factors, Jaipur is now considered a very active property market. This is attracting more institutional investors and property builders to the state.
One of the crucial reasons for big investments flocking into Jaipur is availability of property and that too at an affordable rate. The government has also done its bit by establishing SEZs and easing out the investing polices.
Owing to all these factors, the demand for office space has also gone up in the city. Factors liker cheap land rates, low-cost of manpower, good infrastructure is a boon to the users seeking office space.
Jaipur property market is promising. Industry experts have positioned the pink city among the top five cities to invest in and have phrased it as one of the „emerging metros of tomorrow“.
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Source by George Gonigal