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Real Estate Appreciation Trends in Jaipur Over the Last 10 Years

by Ashiana / / 6569 views/ Reading Time: 4 minutes

Based on a report by Hindustan Times in December 2024, Jaipur recorded the highest growth in real estate prices among all other tier-II cities in India, at a massive 65%. This is just a surface-level insight into the pink city’s real estate market over the last decade.

Jaipur has always been a city of rich cultural heritage known for its traditions and tourism. However, gone are the days when the economy of this city used to depend largely on tourism, over the last 10 years or so, there have been significant developments all over the city, which includes infrastructural developments as well.

Over the last 6-7 years, Jaipur has also been emerging as a prominent IT hub in the north, and various startups with the likes of – CarDekho, Jaipur Watch Company, Dealshare, etc. have emerged from the city

With expanding infrastructure, economic growth, and increasing demand, property prices in Jaipur have consistently appreciated. Let us take a look over a few factors that have led to this appreciation.

Ref: https://www.hindustantimes.com/real-estate/real-estate-prices-in-tier-2-cities-jaipur-records-highest-growth-in-property-prices-at-65-101733391430663.html 

Real Estate Appreciation Trends in Jaipur Over the Last 10 Years

A Decade of Growth: Key Factors Driving Jaipur’s Real Estate


1. Infrastructure Development: The Backbone of Appreciation


Infrastructural development has been one of the key contributors to Jaipur’s growth as a real estate hotspot. Whether it be the Jaipur Metro, the Jaipur-Delhi expressway, or general city infrastructure, all these have improved connectivity and made the pink city an attractive destination for residents and businesses alike.

2. Rising Demand in Residential and Commercial Sectors


Since Jaipur is the capital city of Rajasthan and a prominent tourist destination, it has always seen migration from all over the state as well as the country. However, in the last decade or so, the city has seen major development apart from tourism as well, city infrastructure has been improved, a prominent IT industry has been set up, and certain startups have also emerged from the city – which has led to an exponential increase in the migration of people to Jaipur.

3. Property Price Trends: Numbers Speak for Themselves


Between 2023 and October 2024, Jaipur recorded a 65% increase in the weighted average price of new launch projects, rising from ₹4,240 to ₹6,979 per sq. ft. This growth makes it the highest appreciating Tier 2 city in India, surpassing cities like Guntur and Indore.

Looking back further, property prices in many prime areas have doubled or even tripled over the past 10 years. For instance, the Ajmer Road area, which was priced at around ₹2,500 per sq. ft. a decade ago, now averages ₹4,500 per sq. ft. This steady appreciation highlights Jaipur’s growing real estate potential.

4. Government Policies and Investor-Friendly Initiatives


The pink city has also been included in the Smart Cities Mission of GOI, which has played a vital role in the real estate boom in the city. Over the last decade, there have been infrastructure improvements and urban planning has been improved significantly. Plus, RERA has brought more transparency and security to property transactions, encouraging investment.

If you’re an NRI or a first-time homebuyer, you can explore various government policies, including newly revised tax benefits and incentives. Such policies also add to the overall growth of the real estate market of Jaipur.

5. The Emergence of Jaipur as an Investment Hotspot


The property prices in major metro cities say Delhi or Mumba, are skyrocketing, and on top of that, they’re also insanely crowded and often suffer from poor traffic congestion. Compared to these cities, Jaipur has much more affordable property prices with significant appreciation potential. Moreover, the development of Jaipur is no less than a metro city but with a lesser population, peaceful neighborhoods, and overall less rush.

Future Real Estate Trends 


Certain infrastructure projects like the Delhi-Jaipur expressway, Jaipur Metro Phase 2 development, expansion of industrial zones, and improved connectivity to the airport, have led to the rise in property prices, and their completion will only lead to a continuation in the rise of prices.

In addition to all this, the growing trend of co-working spaces, retail hubs, and mixed-use developments will further boost demand in both residential and commercial segments. Whether you’re an investor or a homebuyer, Jaipur remains a promising market, offering a perfect amalgamation of affordability, growth, and lifestyle upgrades.

Ashiana Housing in Jaipur


In a booming real estate market like that of Jaipur, it often becomes difficult to find a legitimate and trusted real estate developer. Ashiana Housing is a trustworthy and customer-centric real estate brand that has been developing and maintaining residential real estate for the last 45 years.

We’ve multiple projects in Jaipur as well with Premium Homes as well as Kid Centric Homes. Our latest addition is Ashiana Nitara – a Premium Homes project on Ajmer Road, Jaipur, which offers premium 2 and 3 BHK apartments ideal for living or investment. With modern amenities, open spaces, and high ROI potential, it ensures elegant, community-focused living.

Conclusion


On the back of infrastructure growth, increasing demand, and favorable policies, Jaipur’s real estate market has evolved significantly in the last 10 years. With developments across the IT industry and other urban infrastructure real estate investment and/or buying a home in Jaipur continues to stay a fruitful choice – it is a great city to live in, as well as a wonderful real estate market for exponential price appreciation.
Tags: Investment, real estate, ashiana housing,
Category: Real Estate, Premium Homes, Investment,

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Why is Jaipur a good choice for property investment?

Jaipur, Rajasthan’s capital, offers strategic proximity to Delhi/NCR, political stability, and a well-planned infrastructure. With excellent connectivity, low pollution, SEZs, and modern amenities, it attracts investors and homebuyers seeking a balanced lifestyle with strong growth potential.

Jaipur’s Smart City Mission integrates heritage with modernization through smart roads, intelligent traffic systems, CCTV surveillance, WiFi, and eco-friendly infrastructure. Upcoming projects include underpasses, multi-level parking, night bazaars, and heritage walks, enhancing both urban convenience and tourism appeal.

Ashiana has been developing residential infrastructures in Jaipur since 2006. In its thirteen years sprint, Ashiana has developed some symbolic projects like Rangoli Gardens, Vrinda Gardens, Gulmohar Gardens, Ashiana Greenwoods, Kid Centric Home particularly Ashiana Umang and Senior Living project by the name of Ashiana Utsav, Jaipur.

About The Author

Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.

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