Vaishali Nagar, 9 km
from Jaipur, has become a satellite city. Ghat ki Guni, a tunnel project, is
one reason why property prices on Agra Road are rising.
If the Rajasthan
government approves an increase in the reserve price, plot of land prices in
the city will shoot up by 15 to 20%, said real estate experts.
Vaishali Nagar is
among the plush areas that have established residential spaces. This affluent
neighbourhood in the south western part of Jaipur stretches from Queens Road to
the Delhi Bypass (East to West) & Ajmer Road to Sirsi Road (South to
North).
According to the
National Housing Bank (NHB), Jaipur was one of the 3 cities whose housing
prices dipped by 2.6% in the April to June (2012) quarter.
However, plush
residential areas such as Vaishali Nagar, Tonk Road, Ajmer Road and Jagatpura
showed up to 10% increase in prices.
A Jaipur based real
estate broker said. his client purchased a commercial plot on Vaishali Road for
Rs. 12,000 a square yard 10 months ago.
“Today, the price for the same plot of land
has gone up to Rs. 12,700 a square yardd.” (1 square yard = 9 square feet).
Mr. Limaye, Jones
Lang LaSalle India said, ''Jaipur & Jodhpur are good property investment
destinations, as they are part of the golden triangle on the tourism
circuit".
Src: BS
No comments:
Post a Comment