This article has been written by Riya Pokharna, a dynamic Marketing Executive at Mahima Group, Jaipur.
Abstract:
Jaipur’s real estate market is witnessing a significant transformation driven by rapid infrastructure development. Key projects, including the Jaipur Metro Phase 2 expansion, new highways, flyovers, and smart city initiatives, have boosted connectivity and enhanced the city’s livability. These advancements have led to increased demand for both residential and commercial properties, with prime areas such as Jagatpura, Malviya Nagar, and Sitapura experiencing substantial appreciation in property values. In this blog, we will explore how infrastructure projects are shaping Jaipur’s real estate landscape and why now is the right time for investors and homebuyers to capitalize on this growth.
Infrastructure Growth in Jaipur: Impact on Real Estate Valuation
Over the last decade, the capital city of Jaipur has seen unprecedented infrastructure improvement. Real estate prices, as well as the city’s livability and connectivity, have greatly improved. With the expansion of new metro systems, innovative city projects, new highways, and commercial centres, the availability of residential and commercial properties is now higher than ever.
The integration of government policies focused on transforming Jaipur into a smart city, combined with urbanization and rapid population growth, has made sustainable development and the expansion of road networks essential. Investors and those looking to buy property now pay close attention to infrastructure growth because it has an enormous impact on the appreciation of real estate. If you’re looking to buy a home in Jaipur, property prices are directly related to the level of infrastructure development in the city.
Particular areas within Jaipur saw the highest appreciation, but there’s far more to it. In this blog, I will explore the remarkable growth of infrastructure in Jaipur and the effects it has brought to property investors over the years.
The Impact of Infrastructure Development on Real Estate Investment
Any city’s real estate market is directly affected by the existing or available types of infrastructure. Infrastructure such as roads, transportation facilities, and modern amenities increase the value of properties because of consideration from homebuyers and investors. Key infrastructure projects have positively impacted jaipur’s transformation from a heritage city to a smart city. Jaipur has emerged as a real estate hub of North India.
The real estate sector is affected simultaneously and directly by a number of key infrastructure projects that include:
- Improved Travel: The widespread demand for residential areas close to major cities is fueled by the existence of developed roads, highways, and metro lines, which make commuting easier.
- Commercial Investment Opportunities: Advances in technology have led to better business performance of commercial properties situated within well-connected areas through ease of business operations and increased footfall.
New business and industrial development, along with employment opportunities arising from increased infrastructure development, leads to a tremendous boost in the demand for real estate.
Key Infrastructure Developments In Jaipur City
Jaipur Metro Phase 2 Expansion
The Rajasthan government confirmed plans to revise the Detailed Project Report (DPR) for the second phase of the Jaipur Metro. This phase, which started in 2024, will also improve the connectivity of critical residential colonies with the Jaipur International Airport and industrial and commercial areas. The new DPR includes a metro corridor of 25 km, which will be constructed from Sitapura to Ambabari, and another 10 km corridor, which is proposed to be constructed from Ambabari to Vidyadhar Nagar. This expansion is consistent with new infrastructure developments such as the Signal Free Traffic project aimed at decongesting the traffic due to growing population and number of vehicles. It is expected that this extension of the metro will offer faster and more efficient public transport and decongest the roads(source).
Impact on Real Estate Valuation:
Proximity to metro stations, including Sitapura, Ambabari, and Vidyadhar Nagar, will attract more homebuyers and property investors due to ease of transport access.
Office spaces, hubs, and commercial complexes located near the metro corridors will witness increased business activity.
Flyover on OTS Crossing, JLN Marg
The construction of the OTS flyover on Jawahar Lal Nehru (JLN) Marg has commenced. According to a detailed project report (DPR) from 2019, which has been revised in 2022, this flyover is meant to facilitate traffic flow through one of the busiest intersections in Jaipur(source).
Impact on Real Estate Valuation:
- Increased road infrastructure will enhance the appeal of bordering zones for both housing and business activities.
Underpass from Gopalpura Bypass Road to Malviya Nagar
An initiative by the Jaipur Development Authority (JDA) has been designed to enable an underpass that would allow unobstructed movement of vehicles coming from Gopalpura Bypass Road towards Malviya Nagar. This underpass will be the third in Jaipur to be free of traffic signals, reducing travel time for those residing nearby(source).
Impact on Real Estate Valuation:
- Such connectivity will attract more homebuyers to Malviya Nagar and surrounding areas.
- There has been an increased demand for residential and commercial property in the area.
From Apex Circle to Jagatpura ROB Elevated Road
One of the currently planned projects includes constructing a 2.40 km elevated road from Apex Circle to Jagatpura Road Over Bridge (ROB) at the Riddhi-Sidhi intersection. This road will improve the already existing elevated road at Jagatpura and facilitate flying over Malviya Nagar, Jagatpura, and other vital areas around the airport(source)
Impact on Real Estate Valuation:
- With less traffic and more accessibility, there will be development and growth making it look more attractive for dwelling prospects.
- There is greater interest in residential developments in Jagatpura and Malaviya Nagar.
Smart City Projects
Jaipur has several new enhanced developments, including new roads and pathways, better governance systems, state-of-the-art bus terminals, and overall development of the city.
Impact on Real Estate Valuation:
- The city’s renovated infrastructure attracts more attention from areas such as C-Scheme, Bapu Nagar, and MI Road.
- Development using technology alongside city planning has made these properties highly sought empathetically.
- Also, there has been a notable increase in low-cost housing projects within suburban and developed area boundaries.
Gem Bourse in Sitapura
Recently, the state cabinet accepted the plan to give 44,000 square meters in Sitapura for the biggest gemstone centre in India. This project is expected to have 1,500 to 2,000 units and will create lakhs of indirect employment opportunities with an investment of roughly Rs 500-600 crore(source).
Impact on Real Estate Valuation:
- An increased supply of gems is expected to cause an increase in the demand for commercial and residential property in Sitapura and neighbouring areas.
- Increased infrastructure spending will increase the number of new business enterprises, which will enhance the value of the property.
- A number of other projects are anticipated to contribute to increased construction in Jaipur.
Land Pooling Scheme
The Jaipur Development Authority is about to implement the 2016 Land Pooling Act by getting close to 164 hectares for urban infrastructural purposes.
This will allow for the creation of a satellite town and, thus, help to relieve overpopulation issues(source).
Airport Expansion
- Jaipur International Airport is being expanded to enable greater passenger volume.
- Regions close to this are expected to receive investment in real estate development.
Conclusion
The Jaipur real estate market is booming with the fast-paced infrastructure development in the region. The smart city projects, the metro and highway connectivity, and infrastructure development have led to an appreciation of property prices in critical areas. People looking to invest in real estate and homebuyers eager to get value for their money in the long term should focus on Ajmer Road, Jagatpura, and Mahindra SEZ. With many projects in the pipeline, the Jaipur real estate market is set for appreciation in the coming years.
Now is the ideal opportunity to invest in Jaipur’s luxurious apartments or booming commercial projects! Take advantage of the best prospects available at this time.
