Jaipur, more popular as the 'Pink city of India', is the capital of Rajasthan. This royal city, even today is considered to have the best-planned road infrastructure amongst many cities in India. The skyline of Jaipur is also changing with times and this is justified with the co-existence of the majestic monuments of the Raj and the most modern architectural glories of the present.
Like all the other developing cities in India, Jaipur is also set to mark its own presence in the economic growth of the region. To achieve this goal, the state government is taking initiatives like strengthening infrastructure and promoting IT & ITES policy in the city. It is believed that these steps are the most comprehensive ways of redefining financial growth.
The Growth Rate
Jaipur as a real estate prospect is growing with leaps and bounds. The realty graph in the city shows a capital growth of 5 to 7 percent in the last one year. As the ratio of demand to supply is deficit, there has been remarkable escalation in the property rates.
The infrastructure is powered by connectivity with the 8-lane expressway and proximity to international airport. They are a major contributor to the popularity of Jaipur as an investment destination. Also the upcoming projects in and around the city by the leading builders have made Jaipur thrive on to become one of the fastest growing cities in India.
Basis For Boom
This non-metro city is fast emerging as the new IT hot-spots is dawning on IT and BPO majors sooner than expected.
Jaipur is witnessing a surge in infrastructure development telecom, power, construction, facility management, transportation, catering and other services. And it is on the radar screens of IT majors like Wipro, Infosys, TCS, HCL Technologies and Satyam.
This city is set to go up to 25-30% by 2010. Bullish on their prospects, the world’s leading real estate consultancy firm, Jones Lang LaSalle, projects that it could mature into a major city over the next five years.
Like all the other developing cities in India, Jaipur is also set to mark its own presence in the economic growth of the region. To achieve this goal, the state government is taking initiatives like strengthening infrastructure and promoting IT & ITES policy in the city. It is believed that these steps are the most comprehensive ways of redefining financial growth.
The Growth Rate
Jaipur as a real estate prospect is growing with leaps and bounds. The realty graph in the city shows a capital growth of 5 to 7 percent in the last one year. As the ratio of demand to supply is deficit, there has been remarkable escalation in the property rates.
The infrastructure is powered by connectivity with the 8-lane expressway and proximity to international airport. They are a major contributor to the popularity of Jaipur as an investment destination. Also the upcoming projects in and around the city by the leading builders have made Jaipur thrive on to become one of the fastest growing cities in India.
Basis For Boom
This non-metro city is fast emerging as the new IT hot-spots is dawning on IT and BPO majors sooner than expected.
Jaipur is witnessing a surge in infrastructure development telecom, power, construction, facility management, transportation, catering and other services. And it is on the radar screens of IT majors like Wipro, Infosys, TCS, HCL Technologies and Satyam.
This city is set to go up to 25-30% by 2010. Bullish on their prospects, the world’s leading real estate consultancy firm, Jones Lang LaSalle, projects that it could mature into a major city over the next five years.
