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- Employment opportunities: In year 2008 Jaipur stand among 31 out of 50 evolved global outsourcing cities. Genpact, Infosys and Deutsche Bank Group Jaipur established their BPO in Jaipur and several other native multinational companies looking out a good business opportunity in Jaipur. India’s giant IT SEZ Mahindra World City in Jaipur with 51 companies have signed MOU for 13.6 billion INR although there is further scope of investment. The SEZ has vast IT es zone enclosed over 750 acres which facilitates broad band and telecom connectivity, range of voices, quality satellite and data solutions.
- Jaipur city have good connectivity across other regions of country proved as a great benefit to real estate market. Sikar road, Sirsi Road and Kanwar road merged into Ajmer Road and linked Jaipur to other Western parts of India. Tonk Road links Jaipur to South and Central Indian parts, while NH 8 passes through Jaipur and makes it join to rest of North India including Delhi. Whereas Agra road link it as UP state and moreover other eastern parts.
- The custom use of local flats by residents are low as their prime interest is investing their funds in plots the prime reason behind is business community forms like jewelers, marble traders and so on interpret it as added advantage of flexibility if needed they can be further put into use and it serves as an easy exit option too.
- Jaipur residents now shift on notion of apartments and soon preparing to moving into these structures.
- Several investors begin investing in Jaipur from UP, Kolkata, Delhi NRI investors from Kuwait, Muscat, Dubai, US and so on furthermore which enhances improvement of Jaipur in Real estate market.
Metro rail Network:
Jaipur Metro is one of biggest rapid transit project of JDA (Jaipur Development Authority). This project is executed and handled by authority of JMRC. Jaipur Metro Rail Corporation Limited (JMRC) established by Rajasthan government as a wholly run under supervision of state government. Two corridors were planned for this project that is the ‘North South Corridor’ and the ‘ East West Corridor’. The North South Corridor shall be taken up as Phase-II of the project is planned from Ambabari to Sitapura. The East West Corridor being executed as Phase-I of the Project planned from Mansarovar to Badi Chaupar. Right now, this project is undergoing in testing phase and East west corridor is likely to be executed from March 2015. Eventually property rates increased in expected areas once the Metro starts running.
Bus Rapid Transit Service (BRTS):
In the next upcoming year Jaipur BRTS has been anticipated to serve city’s growing traffic needs. Two corridors have been proposed in phase: East-West Corridor” from Delhi Road to Ajmer Road and a North-South Corridor ” from Tonk Road to Sikar Road. In third phase 97.75 km road will link Delhi Road, Sikar Road and Agra road. It may comprises with 6 lane access precisely connect with a 3 lane service road on both sides. The road is envisaged as a signal free and toll free express way.
Dedicated Freight Corridor running through Jaipur:
A 483km long Dedicated Freight Corridor (DFC) rail corridor connecting Dadri near Delhi to Jawahar lal Nehru Port near Mumbai will let high speed connectivity for heavy loads up to 25 tones of double stack trains reinforced by high power pulls.
Delhi Mumbai Industrial Corridor (DMIC):
Nearly 39% of DFC crosses over Rajasthan, A band of 150 km on both sides of DFC must be choose to be furbished as Delhi-Mumbai Industrial Corridor (DMIC). Along this route industrial establishment opportunities has been increased as this corridor will make easily accessible to Rajasthan as northern and western markets. Including 22 districts about 60% area of Rajasthan falls within the project impact area of DMIC.
Other Infrastructural Developments:
The two knowledge cities evolved up by Jaipur Development Authority (JDA) in this region. The knowledge City South, will come up near the satellite town of Phagi. While other comes up in North to meet between the Jaipur-Delhi highway and the Sikar Road near Chaup village. Very soon at Jaipur-Delhi highway JDA will open a Science- Tech City near Achrol planned on 150 hectares of land. This location serves wonderful option to invest in the higher education sector.
Other health care projects like as Bombay Hospital and Reliance Medi city will evolved to medical tourism in the area and provide many prospects. All these developments are probable to upsurge the claim of housing units for the employees who will be shifted to Jaipur.
