Real Estate Properties in Jaipur

Jaipur is the biggest city and the capital of the state of Rajasthan. It’s commonly known as the ‘Pink City’ of India. The city was founded in 1727, on 18^th November by the ruler of Amber, Maharaja Sawai Jai Singh II. And the name of the city was inspired by Maharaja Jai Singh himself.

The city is well-planned, and perhaps the most well planned pre-modern Indian city. It is well divided, with a regular network of streets. It’s also known for being a popular tourist destination in India, due to the rich culture found here, as well as the presence of a world heritage site: Jantar Mantar.

A fascinating aspect of Jaipur is that it is planned according to Vastu Shastra. The city was an opportunity for its founder to plan an entire city based on Hindu architectural theory.

Stats And Facts

• As per the provisional data from the census of 2011, Jaipur has a total population of just over 3 million people. The total land area of the Jaipur urban area is 485 sq km, of which 94 kms is part of the green zone or ecological zone. According to 2011 census data, the density of Jaipur is a little over 6,500 people per sq. km. Jaipur is also the tenth largest city in India, according to the same census.
• The number of females for every thousand males in Jaipur, i.e., the sex ratio, is at 898. The child sex ratio, however, is lower than the overall sex ratio, at 854 female children for every 1,000 male children.
• As per Köppen climate classification, Jaipur’s climate is semiarid. It gets most of its rainfall during the monsoon period in between June and September. The temperature can range from as low as 15 degrees Celsius to 40 degrees
• According to a survey conducted by a travel magazine called Conde Nast Traveller, Jaipur was the 7^th best tourist city in Asia, as of 2008. It was featured along with the likes of Hong Kong, Singapore, Beijing, and Kyoto
• The average literacy rate in Jaipur, as per the 2011 census, is at 84.34%. When segregated in terms of gender, the male literacy rate is 90.61% while the female literacy rate is 77.41%
• Jaipur was originally built within walls and its shape was based on an eight-part Mandala (Hindu symbol), which was known as the ‘Pithapada’

The Tourism Sector

• The tourism sector is a major employer in Jaipur and is considered the main economic driver, as the administration has put down driving this sector as a major focus of the 2025 city development plan
• Jaipur is part of the Golden Triangle, a tourist circuit that also includes Delhi and Agra
• The administration is mobilizing separate plans like the eco-tourism plan, heritage development plan, and conservation and tourism development plan for the promotion of the tourism industry in Jaipur
• A lot of the tourism in Jaipur is due to its historic significance. The Jantar Mantar, an observatory, is a world heritage site
• Jaipur is famous for its palaces as well. Rambagh Palace, Mubarak Mahal, Chandra Mahal, and Moti Doongri are some of the popular tourist attractions of the city

Connectivity

• The Jaipur international airport is located in the satellite town of Sanganer. The airport is 10 kms from the centre of the city. In the year 2010, the Jaipur international airport flew 255,704 international passengers and 1,267,876 domestic passengers. Flights from the Indira Gandhi international airport are normally diverted to this airport whenever there’s heavy fog
• National highways 8, 11, and 12 pass through Jaipur district, connecting it to the cities of Delhi, Mumbai, Bikaner, Agra, Kota, and Baran District
• Inter-state bus services are operated by Jaipur City Transport Services Limited. The service runs a total of over 300 low-floor and regular buses. The major bus depots in the city are at Vaishali Nagar, Sanganer, and Vidyadhar Nagar
• The Bus Rapid Transit Service is a modern service that is set up by the Jaipur Development Authority, Jaipur City Transport Services Limited, and Jaipur Nagar Nigam, in conjunction. Phase 1 of the project involves two corridors: Sikar Road to Tonk Road, and Ajmer Road to Delhi Road
• Jaipur Metro Rail is an intra-city transport project that holds a record for being the fastest to conduct a trial run. Its completion date is set at early 2014

Jaipur Civic Administration

• The Jaipur Development Authority is responsible for infrastructure development in Jaipur. In addition to infrastructure development, the body is also responsible for the provision of basic amenities, setting up of transport systems and implementing development plans
• The Rajasthan State Road Transport Corporation is headquartered in the city of Jaipur, and is the largest provider of inter-state transport in Rajasthan. It also operates the Jaipur City Transport Services Limited, a special purpose vehicle that manages the Jaipur Bus Rapid Transit Service
• Jaipur Municipal Corporation, or Jaipur Nagar Nigam, is responsible for sanitation in the city. The JNN also played a role in forming the Jaipur City Transport Services Limited

Jaipur Infrastructure

• Jaipur has a reputation for being one of the best planned cities in India. The architecture of Jaipur is based on the principles of Vastu Shastra, a personal project of the founder of the city: Maharaja Sawai Jai Singh II.
• Planned development is still a central ideology of Jaipur’s, and its current development master plan stretches to the year 2025
• The city is called the pink city due to the prominence of the colour in the city’s architecture. The entire city was painted this way in 1853, when the Prince of Wales was visiting the city
• Growth in terms of infrastructure has come about in a variety of ways. Firstly, there is the transport ecosystem that is being built with the Bus Rapid Transit Service and the Jaipur Metro. Then there is the development of social infrastructure, with the presence of super-speciality hospitals and institutions for higher education in the city

Infrastructure Projects

Jaipur Real Estate

• Jaipur’s real estate market witnesses the most activity in the suburban micro-markets like Vaishali, Patrakar Colony, Jagatpura etc
• In January 2013, the Jaipur Real Estate market saw an increase of 9% over the past year. The market is estimated to be driven mostly by investors, at 60%. The remaining market is made up of end users
• As of early 2013, the most preferred residential configuration is 3 BHK apartments in Jaipur.

Key Localities In Jaipur

Charges By Government Bodies

Property Registration

• • • 8% Stamp Duty
    • 1% Registration Charges

Property Tax

• • • Property tax in Jaipur is collected by the Jaipur Municipal Corporation. In addition to this, the Jaipur Nagar Nigam also collects a separate tax known as house tax

Jaipur Vidyut Vitran Nigam Limited

• • Otherwise known as Jaipur Discom, this authority is in charge of water distribution in several districts of Rajasthan. This includes districts like Dausa, Kota, Bharatpur etc

E-payment Services

• Jaipur has e-payment services to make payments simpler. This includes the facility of making a challan online and making payments in a JDA authorized bank as well as receiving SMS notifications regarding payments