The property investment in Jaipur is booming rapidly as the pink city has opened its doors for various commercial and residential investments now. The strategic location and the add-on advantage of being the capital city of Rajasthan make Jaipur a smart option to yield high returns on investment. Thus, this blog post let you know the main reasons for Tonk road to be a hotspot for property investment in Jaipur.
The Jaipur city is growing towards urbanization rapidly and Tonk road is its heart. Thus, various commercial investment opportunities are being explored by the realtors here. All this is changing the dynamics of real estate in Jaipur by manifolds.
Reasons to make Property Investment in Tonk Road, Jaipur
1. Location Advantage – The Tonk road in Jaipur is strategically located and its premises commence from the Yaadgaar police station. The road straight away connects with the Sawai Man Singh (SMS) Hospital, JLN (Jawahar Lal Nehru Road), Gandhi Nagar railway station, Sanganer industrial area, Sitapura industrial and educational hub, and Ring Road of Jaipur. All these localities hold educational, healthcare, commercial and social importance in the life of the city residents and also for the migrant students and professionals. For example, the famous MNIT college i.e the Malviya National Institute of Technology has direct connectivity from here as the young wards can reach the college from the railway station or the bus station that is close to the Tonk road.
2. Urban Infrastructure – The Tonk Road is straightly connected to the Jaipur International Airport and this makes commutation from and to the city easy. This is also a reason that the property prices in Jaipur are going up from some time now along the Tonk road. The next is rail connectivity that makes commutation to Jaipur from across the country smooth. Tonk road shares a close proximity with the Jaipur and railway station and thus positively impact the commercial investors.
3. Industrial and Commercial Options – The demand for residential properties in Jaipur has witnessed an increase and this is because of the opportunities now in the industrial and commercial sectors. For example, the presence of Export Promotion Industrial Park (EPIP), in Sitapura has provided better job options for the professionals working in the manufacturing and jewellery industries. Thus, they plan to shift here in the pink city along with their families. Similarly, the Tonk road, is a perfect property investment option in Jaipur as it has Jaipur Exhibition and Convention Centre [JECC] which is the biggest pillar-less exhibition and convention centre in South Asia and thus the professionals seek home close to the place.
Development in Tonk Road, Jaipur
Urban Infrastructure – This is attracting the property investors in Tonk road Jaipur mainly. This locality is only 268 km from Delhi and thus offers congestion-free connectivity to the national capital. The expansion in business opportunities in both Delhi-NCR and Jaipur make the home buyers invest in the residential properties in Tonk road, Jaipur.
Development as Tier 2 City – The progress to be a neo middle-class society has explored better job opportunities and safe lifestyle has made the property investors take the Tonk road, Jaipur seriously for owning the immovable asset.
Tourism Hub – Being the heritage city the tourism business is a hit all through the year and thus option to buy a property to yield rental income is not a bad idea. So, the property investors are now looking to invest in the residential properties in Tonk road, Jaipur because of its business growth opportunities, strategic location and smart lifestyle.
Property Rate and Trend in Tonk Road, Jaipur
The property prices of residential apartments in Tonk road, Jaipur ranges between Rs. 3,018 – 3,952/sq. ft. and the average rental income of a 2BHk flat in the same locality falls between Rs. 8,551 – 10,261 on a monthly basis.