Township Projects: Latest Rage in Jaipur's Residential Real Estate Market
Jaipur real estate market has been witnessing a host of large township projects, both by metropolitan city developers (such as Delhi, Mumbai) as well as city-based real estate developers. With this the township-style living is something that is slowly setting foot in the city.
As visible all across, the residential real estate at Jaipur is bound to roll out with a suit of integrated township projects, with housing units, lifestyle amenities of school, markets, clubhouses and infrastructure facilities of well laid out roads, landscaping, have been announced by developers likes Omaxe (Omaxe City), Suncity, DLF, MGF, Vatika (Vatika City), Ansal API (Sushant City), Grassfield, Panchsheel Colonizer and Parsvnath which has entered into a joint venture with a Jaipur-based real estate developer.
Besides there are some Jaipur based real estate developers such as Mahima, Narayan group, Narvik Nirman etc who have launched ambitious residential township projects.
These real estate projects in Jaipur are all on the peripheral areas and the average unit cost is between Rs 1500-1700 per sq. ft as compared to Rs 3,500-4,500 a square foot in the city. The Unique group launched a residential township at Ajmer road, 17 kms away from the city centre, last month with 3500 units including studio apartments (8 lakh), 2 BHK (15 lakh) and 3BHK (18 lakh).
Narvik Nirman had launched its township project-Pearl Springs with 2BHK of area 1040 sq ft for Rs 16 lakh and 3BHK of area 1450 sq ft for Rs 20-22 lakh. Ansal API' Sushant Lok was launched three years back on Kalwad road, which is 12 kms away from railway station.
With rising costs of land in the city, the real estate trends in Jaipur have shifted to the peripheral areas. But this is only true for property developers so far and not the end user for residential property. According to Vivek Jain of Narvik Nirman, "The end user is still not there in these projects so far. Developer after developer has been launching township projects in Jaipur but it is mainly the investor who is making speculative investments rather than the end user."
He says that their target was the middle class person who cannot afford the expensive real estate costs prevailing in the city. But the end user is not coming to peripheral areas for residential properties as these areas lack connectivity, even basic public utilities and infrastructure.
For the middle income group, city and periphery is like a choice between the devil and the deep sea. The upper income group can afford a car and travel long distances and commute to his office after shifting here but for the middle income group, there is a hardly a choice.
For more details on Jaipur Properties, log on to magicbricks.com
Related Tags: property, real estate, properties, apartments, rent, flats, shops, buy sell, jaipur
For more information on India Real Estate visit magicbricks.com, here you can also know about Kolkata Properties.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t
