Take A Look At Property Prices And Top Localities Of Jaipur
Jaipur is the state capital of Rajasthan and an important real estate investment hub in North India. Its proximity to the national capital is one of the added benefits for the investors. It is considered as one of the most affordable property markets and fastest growing tier II cities. Jaipur is also known as the pink city of India. Here is sneak peek inside Jaipur property market:
Property price range in Jaipur
Jaipur offers options in a varied budget range. A major share of the properties available for sale in the market are priced below Rs 50 lakh. There are only few properties available in the range of Rs 1 crore and above. While villa properties are abundantly available within price range of Rs 50-60 lakh, apartment options are maximum if your budget is Rs 40 lakh or less. The annual rental yield in Jaipur is 3.69 per cent which is better than the most of the metro cities.
The average property price of a 2BHK apartment in Jaipur is Rs 28 lakh while the cost of 3BHK flat is Rs 36 lakh.
|Villas in Jaipur||Rs 50 lakh onwards|
|2BHK Flats in Jaipur||Rs 28 lakh onwards|
|3BHK Flats in Jaipur||Rs 36 lakh onwards|
|Annual Rental Yield||3.69 per cent|
Jaipur is one of the most urbanized cities of Rajasthan and a fast growing tier II city of India. Many localities have come up in proximity to commercial hubs and upcoming metro routes that are also being seen as prosperous investment hub. The top localities in Jaipur are-
Gopalpura- The average property price here is Rs 5,400 per sq ft while the price growth is 58 per cent with a locality score of 10 which is calculated based on the presence of neighbourhood amenities like restaurants, schools, hospitals, public transportation and others.
Ram Nagar- Ram Nagar is another locality in south Jaipur which has metro connectivity in close proximity. The average property prices here are Rs 6,000 per sq ft while the average price growth is 4 per cent. The locality score is 9.9 which makes it one of the best places in Jaipur to live in.
Bani Park- Bani Park is one of the areas in north Jaipur and the average property prices here is Rs 5,200 per sq ft. The locality score of Bani Park is 9.8 and the locality has all amenities in close proximity. This is one of the newest areas of Jaipur where several new residential projects have come of late.
Civil Lines- This is one of the premium residential hubs of Jaipur where property prices are more than Rs 8,000 per sq ft. The price growth projected here in the past is 31 per cent. Civil lines is one of the main city areas of Jaipur and finely connected to other parts of the city. The locality score is 9.8.
Jagatpura, Vaishali Nagar, Ajmer Road and Mansarovar are some of the other top localities with maximum options in Jaipur.
Average Property Prices
|Gopalpura||Rs 5,400 per sq ft|
|Ram Nagar||Rs 6,200 per sq ft|
|Bani Park||Rs 5,200 per sq ft|
|Civil Lines||Rs 10,000 per sq ft|
|Jagat Pura||Rs 15,500 per sq ft|
|Vaishali Nagar||Rs 11,000 per sq ft|
|Ajmer Road||Rs 22,000 per sq ft|
|Mansarovar||Rs 6,800 per sq ft|
Projects in Jaipur
Jaipur is flooding with new infrastructure and residential project development. Currently, there are over 190 projects under construction and over 1200 projects which are ready to move. Some of the popular builders in Jaipur are Mahima Group, Omaxe, Siddha Group, Kotecha Group, Mangalam Group, Ansal API, Ashiana Housing, Vatika Group etc.