Popularly known as the ‘Pink City’, Jaipur presents numerous promising real estate prospects for investment. Connectivity to Delhi NCR, ample supply and affordability act as major growth drivers. Further, a plethora of planned infrastructural developments are also expected to enhance the living standards of the city. 99acres gives an overview of the top localities to invest in Jaipur in 2024.
For those in pursuit of a real estate to establish a permanent abode, Jaipur offers affordability coupled with significant investment potential. Nonetheless, the extent of the price appreciation in a property largely depends on the locality you opt for. The geographical positioning of the area, infrastructure growth, scope of development, demand-supply dynamics and the first mover advantage vividly play a big role in determining the investment returns. https://realestatedekho.com/, thus, shares a list of the top 10 localities to invest in Jaipur in 2024 that are likely to reap good returns based on the factors mentioned above.
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Ajmer Road
Ajmer Road is a mid-segment locality in Jaipur, located near areas such as Kanak Vihar and Madrampura, budding localities of Jaipur. It is also well-connected to Civil Lines, a centrally located posh area of Jaipur. Delhi-Ajmer Expressway, NH-52, Jaipur Junction and 22 Godam railway stations are the major connectivity points here. Civil Lines and Ram Nagar Metro Stations on the Pink Line of Jaipur Metro (Mansarovar-Badi Chaupar) are also easily accessible via Ajmer Road. What remains a game changer are the several upcoming infrastructural developments. These include Phase-III of Jaipur Outer Ring Road and the extension of Pink Line from Mansarovar to 200-Feet bypass junction that are bound to boost the connectivity to Ajmer Road.
From the liveability point of view, areas-based residents have rated Ajmer Road as 4.2 out of 5 on the 99acres Ratings and Review Platform. Basis the reviews received, road network, safety, lifestyle and environment are way better than many other areas; however, the absence of metro connectivity is a concern.
The average property rate along Ajmer Road is Rs 3,000 per sq ft. As per the 99acres listings, the price of a 2 BHK apartment along Ajmer Road ranges from Rs 27 lakh to Rs 44 lakh, whereas a 3 BHK unit is priced between Rs 37 lakh and Rs 60 lakh. The housing stock along the Ajmer Road is primarily comprised of land parcels and residential apartments. The property rates along Ajmer Road have appreciated by around 10 percent in the last year and over 20 percent in the last five years. Mahindra Special Economic Zone (SEZ) has conspicuously contributed in boosting the realty prices here.
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Midas Cosmic Ajmer Road, Jaipur
Jagatpura
Jagatpura enjoys a locational advantage as it is situated near the Jaipur International Airport and NH-248, which further connects it to NH-21 and NH-52. It is also well-connected to the industrial areas of Sitapura and Malviya Nagar. While its geography leads to traffic concerns, they are likely to be addressed with the planned infrastructural projects, such as an upcoming metro route from Ambabari to India Gate and a six-lane underpass at B2 Bypass Junction on Tonk Road.
Jagatpura is a mid-segment locality primarily made up of residential apartments, followed by residential plots. The average property price in Jagatpura is around Rs 4,000 per sq ft. The price of a 2 BHK unit is in the range of Rs 24 lakh-32 lakh, whereas the price of a 3 BHK unit starts at Rs 40 lakh. Home values here have gone up by 16 percent in the last year.
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Sirsi Road
Sirsi Road is a mid-segment locality, well-connected to Delhi-Jaipur Expressway (NH-48) and Jodhpur-Jaipur National Highway via NH-52. RIICO Industrial Area is a major industrial hub, located within three km of Sirsi Road. While Jaipur Junction is about 11 km away, the Jaipur International Airport is at about 21 km via Khatipura Road.
Here, land parcel is the maximum available inventory, followed by residential apartments and independent homes. The average price of properties along Sirsi Road is Rs 3,000 per sq ft. As per 99acres, Sirsi Road offers 2 BHKs in the price bracket of Rs 29 lakh-50 lakh, and a 3 BHK residential unit starts from around Rs 40 lakh and goes up to Rs 98 lakh.
The property rates in Sirsi Road have shown upward growth, averaging a 19 percent increase in the last five years. The upcoming Jaipur Ring Road connecting Ajmer Road, Tonk Road and Agra Road, is expected to further boost the real estate market here.
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C-Scheme
Located near Statue Circle, Ashok Nagar and Rambagh, C-Scheme is one of the premium localities of Jaipur. Bhawani Singh Road connects the locality to NH-248 which further links to NH-21. Orange Line of the Jaipur Metro Rail Project, once completed, would enhance the connectivity here significantly.
Various eminent hotels, tourist places and green spaces are situated in and around C-Scheme. Commercial and industrial hubs like International Business Center, K J City Tower and Fortune Heights, Sitapura Industrial Area and Sintex Industries are at a short distance adding to the popularity of the submarket.
The average property price in C-Scheme is Rs 12,000 per sq ft, and 3 BHK and 4 BHK residential apartments are the maximum available housing type. While the property values have appreciated by 12 percent in the past year, they have shown an overall growth of around 70 percent in the last five years. Based on configuration, the price of a residential apartment in C-Scheme starts at Rs 60 lakh and ranges up to Rs 4 crore.
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Popular Localities in Jaipur
Sikar Road
Sikar Road is a premium housing belt connected to emerging areas, such as Magadh Nagar, Harmada, Chomu and Parasrampura. Key industrial hubs, such as Jaitpura, Vishwakarma and Sitapura Industrial Areas are also located along this stretch. It is also well-connected to the Jaipur International Airport and Jhotwara Industrial Area in Jaipur, and Manesar and Gurgaon in Delhi NCR via Jaipur-Delhi Expressway. Plans are to develop the area as per the Master Development Plan 2025, which will further prove to be a game changer.
As per 99acres, the average property rate along Sikar Road is Rs 4,000 per sq ft. The price of a 2 BHK residential apartment varies between Rs 30 lakh and Rs 40 lakh, whereas a 3 BHK unit is priced at Rs 47 lakh-1 crore. The property prices along Sikar Road have increased by around 44 percent in the last couple of years.
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Social amenities in top 10 localities to invest in Jaipur
| Locality | Schools | Hospitals | Recreational zones |
|---|---|---|---|
| Ajmer Road | Government Secondary School St. Xavier’s Public School Mahapragya International School | Global Heart General Hospital Shalby Multi-Specialty Hospital Asopa Hospital | Mall Of Jaipur Orbit Mall Elements Mall |
| Jagatpura | Golden Era Academy Oakfield Public School Stepping Stones Public School | Eternal Multispeciality Hospital Rungta Hospital Shri Hospital | World Trade Park JTM Mall Crystal Court Mall |
| Sirsi Road | Evergreen Public School Scotle High School Mount Carmel Secondary School | Marudhar Hospital Metropolitan Hospital Global Heart General Hospital | Cosmo Creation Triton Mall Mahima Trinity Mall |
| C-Scheme | Mahaveer Public School La Montessori School St. Xavier’s School | Apollo Spectra Hospitals Santokba Durlabhji Memorial Hospital Jaipur Hospital | Albert Hall Museum Birla Auditorium Raj Mandir Cinema |
| Sikar Road | St Anselms School Shri Pratap International Secondary School Step by Step | K. R. Memorial Hospital SSMG Hospital Siddhi Vinayak Hospital and Research Centre | Orchid Mall Arya Square Shopping Mall Orbit Mall |
| Vaishali Nagar | Modern Academy Senior Secondary School Defence Public School Nehru Memorial School | Shalby Multi-Specialty Hospital Vaishali Hospital Surgical Research Center Global Heart General Hospital | Elements Mall Mall Of Jaipur Mahima Trinity Mall |
| Mansarovar | The Lawrence Public School St. Wilfred’s School American International School | Dhanwantri Hospital Research Centre CK Birla Hospital Amar Medical Research Centre | Mansarover Plaza World Trade Park City Square |
| Tonk Road | Jagannath Public School Blessings Public School St. Joseph Convent School | Star Hospital Jeevan Rekha Prakash Hospital Narayana Multispeciality Hospital | Patrika Gate Chokhi Dhani Dravyavati Botanical Park |
| Bani Park | Dolphins International School Daffodil Public School Warren Public school | Apollo Spectra Hospitals Santokba Durlabhji Memorial Hospital (SDMH) Military Hospital | Maharani Mall Jamdhenu Shopping Centre City Plaza |
| Agra Road | EuroKids St. Angela Sophia Senior Secondary School St Xavier’s School | Rajdhani Hospital Santokba Durlabhji Memorial Hospital Jaipur Hospital | Pink Square Mall City Pulse World Trade Park |
Vaishali Nagar
Strategically located in the western part of Jaipur along NH-48, Vaishali Nagar is a popular residential area primarily offering apartments. It offers robust infrastructure and proximity to schools, markets, and hospitals. Jaipur Junction is about six km from Vaishali Nagar and the Jaipur International Airport is about 13 km away. Commercial hubs of Rambagh, C-Scheme, and RIICO Industrial Area are within 5-8 km, and the popular areas like Ajmer Road, Jhotwara, and the city center are also close by.
The average property rate in Vaishali Nagar is Rs 4,000 per sq ft. Residential apartments are the prime inventory here, followed by independent homes, land parcels and builder floors. The price of a 2 BHK apartment is in the Rs 29 lakh-55 lakh bracket, and a 3 BHK unit varies from Rs 44 lakh to Rs 76 lakh. A 4 BHK unit starts from Rs 68 lakh and goes up to Rs 1.5 crore. The property rates in Vaishali Nagar have shown a remarkable growth of around 45 percent in the last five years.
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Mansarovar
Mansarovar is a mid-income locality with an ample supply of ready-to-move residential apartments. It has witnessed significant infrastructure development over the years, including improved roads, parks, and public spaces. The locality also enjoys sound inter-state connectivity via NH-21 and NH-48 and has a dedicated metro station that connects it to Badi Chaupar. Jaipur International Airport is around 12 km away, and Gandhi Nagar Railway Station is about seven km from the locale. The RIICO Industrial Area is also located in proximity, at about three km via New Sanganer Road.
Mansarovar has an abundant supply of 3 BHK units. The average property rate here is Rs 4,000 per sq ft. The price range of a 2 BHK unit hovers around Rs 32 lakh-48 lakh whereas a 3 BHK unit is priced at Rs 46 lakh-69 lakh. A 4 BHK apartment can be availed at around Rs 78 lakh. The price trend of Mansarovar reflects around a 44 percent appreciation in the last few years. The extension of the Pink Line (Mansarovar-Badi Chaupar) of Jaipur Metro till Transport Nagar in pipeline is further expected to boost the price trend alongside enhancing connectivity.
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Tonk Road
An arterial road of the city, Tonk Road connects the places such as Chokhi Dhani, Pratap Nagar, Rambagh and RK Puram. Major industrial areas are also easily accessible via Tonk Road. Connectivity to important landmarks such as the Jaipur International Airport, Sanganer Railway Station and small-scale industrial and commercial hubs make it a preferred area among investors. In addition, the proposed Orange Line of the Jaipur Metro will also pass along the Tonk Road, providing the investment stimulus.
The average property rate in Tonk Road is Rs 4,000 per sq ft. As per listings on 99acres, the price of 2 BHK properties in Tonk Road range from Rs 17 lakh to Rs 34 lakh whereas 3 BHK residential apartments are priced between Rs 51 lakh and Rs 1.5 crore. It is a mid-segment housing hub with ample land supply, followed by residential apartments. The property rates along Tonk Road have increased considerably by over 20 percent from last year.
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Bani Park
Centrally located, Bani Park is one of the most prestigious and well-established areas in Jaipur, with home values averaging at Rs 6,000 per sq ft. It is in proximity to RIICO Industrial Area and commercial hubs of C-Scheme and Jhotwara, which makes it one of the highly sought after areas among investors. Key connectivity points here include Jaipur Junction, Sindhi Camp Bus Station and Chandpole Station on the Pink Line of the Jaipur Metro, located within two km. Jhotwara Elevated Road and Subhash Nagar Metro Station on the proposed Orange Line of Jaipur Metro are the prime infrastructure projects on the cards that would ease the connectivity further.
The housing inventory of Bani Park is primarily comprised of 3 BHK residential apartments, priced between Rs 80 lakh and Rs 1.27 crore. The housing rates in Bani Park have increased by around 25 percent in the last three years.
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Agra Road
Agra Road is one of the attractive investment destinations in Jaipur. MI Road, Mukti Marg and NH-248 connect the stretch with other parts of Jaipur. Commercial hubs of Mahaveer Colony, Malviya Nagar and Jhotwara Industrial Area are easily accessible from here. As per the Master Plan 2025 by Jaipur Development Authority (JDA), the city is planned to be developed as a satellite town. Agra Road is also an important component of the Jaipur Ring Road project, which is expected to boost the realty prospects of the region and bring in investments.
The locality provides potential for plotted developments as land parcels comprise around 50 percent of the available inventory, followed by independent homes. The average property rate of plots along Agra Road, Jaipur is Rs 2,000 per sq ft.
The upcoming Jaipur Ring Road project, the construction of Film City nearby, proposed market areas and the upcoming social amenities will act as growth drivers for the locality.
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99acres suggest that with any investment decision, it is essential to conduct thorough research, consider personal financial goals, and consult with local real estate experts before making a final call. Market conditions and dynamics can change over time, so staying informed is crucial for a successful real estate investment.
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