The bygone era of Jaipur is itself proof that this city has always been the desired locations for royals. This is due to the wealth, prosperity and heritage the city possess. Jaipur, the land with the ideal blend of the subculture and traditions of the long gone past, is slowly turning into anyone’s dream investment destination. Investors always outlook the maximum returns for their investment. Choosing the right investment option in Jaipur would help to achieve this motive. Before knowing on the best investment options in Jaipur, let us first discuss why Jaipur? These are a few factors which are pivotal in making Jaipur the ideal investment city.
One can get various properties in suburban locations of Jaipur at very affordable rates. The value of these properties is sure to appreciate in the upcoming years. The affordability factor has emerged as a huge attraction for the investors within the country as well as from abroad.
High Returns on Investment
The heritage city not only offers numerous affordable options to reside, but also provides lucrative investment options. Soaring infrastructure, high rents, great returns on investments, favorable environment, are some of the factors that contributed to making Jaipur one of the most attractive investment options.
With major IT companies like Infosys, Genpact and Wipro planning to set up bases in Jaipur, the city is all set to become an IT destination. Owing to this reason the market of Jaipur is attracting massive investments from across the country.
Liberal Government Policies
The moderate government policies are one of the main reasons that helped Jaipur achieved a pinnacle position. The liberal policies are continually pushing for the speedy development of infrastructural and economical set up in the city. Furthermore, the government is also providing added incentives such as allowing 100% private investment.
Jaipur forms a part of the ‘golden triangle’ along with Delhi and Agra which has given way to an increased number of business activities in the city. Jaipur is well connected with most major cities offering great connectivity. All the three transport routes, road, rail, and airways are also well developed. In fact, Jaipur has an international airport, the only one in Rajasthan.
The development of high-scale and self-contained integrated townships are attracting investors from around the world to Jaipur. Investors are attracted towards modish residences, shopping complexes, recreational facilities, IT park, five-star hotels, medical facilities, commercial and educational establishments.
Education, employment, and tourism are some of the key attractions of Jaipur that are drawing investors in large numbers. The heavy inflow of tourists every year from across the world has given rise to the business activities in the city. Furthermore, an upgraded city airport at par with international standards caters to tourists as well as the corporate. If you are looking for a good investment option, then no doubt, Jaipur is your perfect destination. Check out these sectors which are the best investment options in Jaipur.
1. Tourist industry
Of the many options most prominent amongst them is the tourist industry. Both foreign and local tourists come to visit Jaipur every year. The tourist destinations such as Hawa Mahal, Jantar Mantar, and the City Palace are the most popular and frequently visited tourist destinations. Investing in the tourist industry proves to be a safe option.
2. Software and IT industry
Many BPO companies have already set up their operations in the city. Jaipur has become the most preferred investment option for software industries because of its enhancing infrastructure and profitable. IT parks have also come up in Jaipur owing to the initiatives of the government. As the IT and software industry, both are on the brink of flourishment, it offers great scope for investment.
3. Gems and Jewelry industry
Jaipur is a world-renowned city for fine-cut semi-precious and precious stones and gems. It is due to great demand, Jaipur also exports a wide range of precious jewelry in India and all over the world. It also has an Export Promotion Industrial Park at Sitapura set up by the Rajasthan State Industrial and Investment Corporation (RIICO). Since the gems and jewelry industry offers great potential, it never loses its gleam.
4. Textile industry
The textile industry is a lucrative option which offers great scope for investment. Jaipur textile has made a mark in the Indian market. Not just the country the foreign market also looks out for the Jaipur textiles and there is a huge demand. When in Jaipur purchasing garments is every visitor’s popular choice. Abundant availability of raw materials and skilled workmanship is the significant factor for the success of this industry.
5. Mining and Retail Industry
It is also a potential investment sector for foreigners. Base and noble metals are found in Jaipur which offers good investment potential. Retail Industry is yet another growing field which offers potential. People have become more competitive for foreign brands and good quality services and products. This made the retail and mining industry presents many opportunities.
6. Real Estate
Jaipur is the fastest growing metropolitan, trailing its way to being a top-notch real estate destination of the country. These fast-growing sectors have called for employment generation, accelerated industrialization, and commercial development in the city. With Jaipur being the city having the best investment options, its residential real estate market is attracting major investments, from across the country.
The city gives boost to several industries, witnessing a plethora of socio-infrastructural projects. These projects include Jaipur Metro, Rapid Transit Rail project, Ring Road, Mahindra’s 3,000-acre Special Economic Zone, Reliance Mega City development plan and special purpose industrial parks. The Jaipur government also provides other incentives to investors to set up their operations in Jaipur. Thus, the city of Jaipur offers the best investment options.