Jaipur is strategically located and this has attracted majority of the entrepreneurs and investors of real estate to the city. It is part of the Golden Triangle that comprises of Agra, Delhi and Jaipur and is located in proximity of Gurgaon and the national capital.
A recent development in the city is the development of Peripheral Business Districts and the Jaipur-Ajmer Expressway is a part of it. The region has gained popularity in the last few years among the investors, end-users and buyers of real estate. The Ajmer Road is a six lane one and the growth in the real estate in the vicinity of the expressway is third only to Agra Road and Sikar Road.
Reasons of growth
Both commercial and the residential complexes have come up in and around the expressway. Various projects are also in the pipeline in this area. According to the proprietors of the real estate, there has been a rise of twelve to fifteen percent in the price of the property in the last six months. However, there has also been an increase of twenty five percent of investors showing interest in the property in the same period. It is believed that the reason of this growth is mainly due to the emergence of the IT companies who have come up with major projects here.
Attracts reputed developers
Owing to the entry of the IT and the ITES companies, there is also a rise in the demand of the residential and the commercial complexes in this region. Thus, there has also been an increase in the value of the properties. According to city realtors, with the proposed Special Economic Zone by two of the corporate majors, it is expected that there will be a furthermore expansion in the purview of the local handicraft and other industries. Due to these major developments, investors from different parts of the northern India now prefer PBD as their desired location.
Luxury apartments and plots
The low cost of establishment of this area also have led to the rise in the budget property and residential properties. Availability and accessibility of various infrastructural facilities is another important reason that attracts the investors and developers for residential properties in Ajmer Road. You can spot luxury apartment by the reputed developers in this area and these are equipped with all the major amenities that aids comfortable living. Affordable plots are also available in this region. These plots come in various sizes and the cost within the price range of Rs. 5 to 20 lacs.
Infrastructural development and amenities catered
However, the transaction of the apartments is quiet higher than that of plots. Being strategically located, Ajmer Road is well connected with all the posh areas of the city, which makes this a preferred place of living. At present, the value of the apartments in this region varies within the range of Rs. 1,800 to 4,000 per square feet. Well, it is believed that after completion of various residential and commercial projects, the prices might go high considerably. Few of the infrastructure projects as the centers for international and national summit and hospital are under construction.
Want A House In Netaji Subhash Place? Here're 4 Options For You
Netaji Subhash Place, in north Delhi, offers a convenient public transportation system and has a well-planned infrastructure, which makes this place an ideal locality for buying residential properties.
Home for Ignited Minds: 5 Properties Located Near IIT Mumbai
You’re well aware of the fact that the country’s geniuses gain admission in IIT. Mumbai witnesses heavy traffic and it would be a sheer waste of time for the ignited minds to spend hours on road rather than their research labs. If you’re pursuing education at IIT Mumbai, you might as well look for a home closeby.
Living It Up! Awesome Apartments to Choose In Maharashtra
Located near the shoreline, Maharashtra is a great place to set up a home. Aside from Mumbai, the place holds interesting locations like Pune and Nagpur. So if you’re looking for cool places to reside in, look no further! Here are some amazing apartments that you can choose from.
