Thursday 25 February 2016

How Jaipur metro affects the property for sale in Jaipur?



Jaipur the fastest growing city in India which also magnifies the tourism, IT sectors, and industrial growth. The recently launched metro is treating as an essential boost for the real estate market. The huge developments in infrastructure have an annex to the growth of the city and also impact the price of the real estate property in Jaipur around the metro stations.

The most promising areas of the city are covered under the first phase of a metro. Basically, the metro is divided into two phase in the city the first one is Chandpole to Mansarovar that already takes place while the second one is from Chandpole to Badi Chauper. The first phase of metro is connected with developing areas of Jaipur like Mansarovar, Shyam Nager, new Aatish market, Sindi camp and Civil lines. And the phases B is assigned and work has begun as well.


With the announcement of the metro project in Jaipur the value of the flats or property for sale in Jaipur is increased suddenly. And before the competition of projects, the price of property has accelerated and because of that, those individual who desire to Relish the Luxury life is might little bit difficult to few once. Some localities besides with metro station of Jaipur is not accessed before and also not well connected with the main city. This will help the passenger to reduce the travelling time.

The 2 BHK flats in Jaipur in a size of 850 to 1600 per Sq. Feet is easily available in a range of 22-62 lakh and 3 BHK flat in Jaipur size of 1250 to 2200 per sq. feet in a range of 30 lakhs to 1.2 crores in Mansarovar. The rates of properties in Jaipur are comparatively low than other metro cities. After starting the metro service rates of property is increased and the new projects are launched. So that investor wants to earn a profit then they should invest in property in Jaipur.

 

The civil lines area of Jaipur is also well developed and under the phase A of the metro.  The current status of the civil lines area is 50 to 85 lakh and the size of a flat is 950 to 1250 sq. feet. For 2 Bhk flats and for 1450 to 2100 sq. Feet area prize starts with 70 lakhs to 1.5 crores for 3 Bhk flats.

In Jaipur, many people cannot own a flat near the metro because there are expensive so they are looking for a reasonable flats in Jaipur. Metro is also covering the outskirts and suburban area of Jaipur. So people or individual can invest in outskirts which easily available in affordable price and they can also enjoy the connectivity of metro station in Jaipur.

In addition individual who desire to invest in Jaipur real estate, we would like to advise that this is the best time for investment because if once the best projects are completed or become functional than the rate of those properties is increased and become more costly. So there are many properties in Jaipur that are affordable and those properties the investor can consider.

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