It doesn’t come as a surprise to see individuals moving out from their home town to explore various job and educational opportunities outside. However, one city that has still managed to retain its inhabitant with rapidly developments in Jaipur. The city of lakes is currently brimming with activities that is not only revolving around developing the IT (Information and Technology) sector, the city is also fast developing into becoming a educational hub thanks to a number of research centers and schools and colleges mushrooming.
Because the Pink City has attracted a pool of students, property sites in Jaipur are being purchased by local and national real estate developers who are showing a keen interest in building many affordable apartments. Some of the most sought neighbourhoods by students include Pratap Nagar, Mansarovar and Malviya Nagar. The presence of many engineering, management and medical colleges have attracted many students who are either purchasing properties here or are considering living in PGs. Below we decode the cost of living in some of the most preferred localities.
Pratap Nagar
Located on National Highway 8, the area is cited to be one of the fastest growing neighbourhoods in the city of Jaipur. Its proximity to the Durgapura Railway station and the International Airport has fulled the realty demand here. Working professionals working in neighbouring cities prefer renting generous spaces here. Local investors are purchasing 2 BHK apartments for sale in Jaipur especially in this locality and are letting them out on rent anywhere between Rs 8,000 and 14,000 per square feet depending if the homes are semi or fully furnished.
Mansarovar
Situated in the heart of the city, the vicinity is home to many management and engineering institutes. The presence of these institutes has roped in a fair share of migrant population who are now looking towards investing in a smaller apartment that can be availed on twin-sharing basis. Property sites in Jaipur anywhere near Maharishi Arvind Institute of Engineering and Apex Institute of Management and Science have been occupied by many students. For an apartment that spreads over 1,500 square feet- rentals are likely to fall anywhere between the price bracket of Rs 10,000 and Rs 20,000 per month. For homes that have a carpet area of 1,000 square feet- rentals are likely to vary from Rs 7,000 and Rs 16,000 per square feet, depending on the facilities and amenities offered by the builder.
Malviya Nagar
Situated towards the southern region of the city, the locality is home to various commercial and industrial establishments. The existence of many reputed eatery joints, cineplexes, healthcare units and shopping malls have attracted the cosmopolitan crowd. Students and working professionals from the nearby tech and trade parks are fuelling the rental demand here. The high rental yields are also enticing many investors here. For instance 3 BHK apartments for sale in Jaipur especially in this area is estimated to cost an average of Rs 60 lakhs. However, the same 3 BHK home generates a rental return of Rs 20,000 per month- thereby making the realty market a haven for many investors.
Because the Pink City has attracted a pool of students, property sites in Jaipur are being purchased by local and national real estate developers who are showing a keen interest in building many affordable apartments. Some of the most sought neighbourhoods by students include Pratap Nagar, Mansarovar and Malviya Nagar. The presence of many engineering, management and medical colleges have attracted many students who are either purchasing properties here or are considering living in PGs. Below we decode the cost of living in some of the most preferred localities.
Pratap Nagar
Located on National Highway 8, the area is cited to be one of the fastest growing neighbourhoods in the city of Jaipur. Its proximity to the Durgapura Railway station and the International Airport has fulled the realty demand here. Working professionals working in neighbouring cities prefer renting generous spaces here. Local investors are purchasing 2 BHK apartments for sale in Jaipur especially in this locality and are letting them out on rent anywhere between Rs 8,000 and 14,000 per square feet depending if the homes are semi or fully furnished.
Mansarovar
Situated in the heart of the city, the vicinity is home to many management and engineering institutes. The presence of these institutes has roped in a fair share of migrant population who are now looking towards investing in a smaller apartment that can be availed on twin-sharing basis. Property sites in Jaipur anywhere near Maharishi Arvind Institute of Engineering and Apex Institute of Management and Science have been occupied by many students. For an apartment that spreads over 1,500 square feet- rentals are likely to fall anywhere between the price bracket of Rs 10,000 and Rs 20,000 per month. For homes that have a carpet area of 1,000 square feet- rentals are likely to vary from Rs 7,000 and Rs 16,000 per square feet, depending on the facilities and amenities offered by the builder.
Malviya Nagar
Situated towards the southern region of the city, the locality is home to various commercial and industrial establishments. The existence of many reputed eatery joints, cineplexes, healthcare units and shopping malls have attracted the cosmopolitan crowd. Students and working professionals from the nearby tech and trade parks are fuelling the rental demand here. The high rental yields are also enticing many investors here. For instance 3 BHK apartments for sale in Jaipur especially in this area is estimated to cost an average of Rs 60 lakhs. However, the same 3 BHK home generates a rental return of Rs 20,000 per month- thereby making the realty market a haven for many investors.
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