Property in Jaipur is in high demand these days as many people are migrating into the capital city of Rajasthan. As many IT companies have set up their offices here many people coming to the city for a short duration are willing to take a property on rent. Due to high demand many the prices of property for sale in Jaipur like property in Ashok Nagar and property in Jhotwara have reached a new high. Earlier the city had an economy which was driven by tourism but now things have changed in the last few years. Let us take a look at some of the reasons why property for sale in Jaipur is in high demand these days.
Infra development: A lot of infrastructure development has taken place in the last few years. The city saw construction of Jaipur Metro line, several flyovers and over-bridges. Not only the government has developed new projects but it has also until now maintained all its properties well. Recently, Airport in Jaipur which is managed by the Airports Authority of India, has won the first place of the 2015 Airport Service Quality (ASQ) Awards in the category of 2 to 5 million passengers per annum. The result was announced after 55,000 in-depth passenger satisfactions surveys were carried out at over 300 airports in 80 countries.
Lowering of repo rates: Property in Jaipur is fairly affordable and therefore it is majorly impacted by the repo rates. Recently the RBI has lowered the repo rate and it is expected that this will have a major impact on the real estate sector. Experts believe that with lower home loan EMIs there will be a renewed demand for property for sale in Jaipur like property in Ashok Nagar and property in Jhotwara. All the people who are currently staying in a property on rent will be prompted to buy a house of their own.
Setting up of IT companies: With IT parks being set up many people are taking a property on rent here. Also, many investors are looking forward to invest in property for sale in Jaipur like property in Ashok Nagar and property in Jhotwara. The place has given good returns in the past and looking at the recent trends it is quiet likely that the trend will continue in the near future too. Hence the interest in property in Jaipur is going to be maintained for some time.