For PropertyGuru’s real estate news roundup, we go on a deep dive into the housing trends in Jaipur, India to unlock property opportunities. In other headlines, China’s construction for Indonesia’s new capital Nusantara is their calling card for more overseas construction projects, while Hong Kong’s Urban Renewal Authority (URA) is set to redevelop six sites in the vicinity of Mong Kok’s flower market.
Unlocking opportunities: A deep dive into Jaipur’s housing trends
Jaipur, the capital of Rajasthan, is distinguished as a primary residential centre within India’s Tier-2 cities in the northern region. Renowned for its rich cultural heritage and international tourist appeal, Jaipur has emerged as a burgeoning residential market driven by various factors, including its status as a regional economic powerhouse and excellent connectivity facilitated by its international airport. Not surprisingly, the evolving economic dynamics have influenced consumer preferences, with a shift towards multi-storey apartments over traditional low-rise formats in Jaipur’s property market. Amenities like clubhouses and swimming pools are now pivotal considerations for prospective buyers.
According to resources the city’s economic landscape, once centred around tourism and manufacturing, has undergone a significant shift towards a thriving services industry. Notably, the Mahindra Special Economic Zone (SEZ), sprawling over 3,000 acres, exemplifies Jaipur’s diversified industrial and service sector ecosystem, attracting multinational companies. With approximately 2,000 registered startups, Jaipur solidifies its status as a growing economic centre, surpassing other Tier-2 cities like Chandigarh Tri-City and Lucknow.
