Jaipur, also popularly known as the Pink City, historically sometimes rendered as Jeypore, is the capital of Rajasthan state, India. Jaipur is also the capital of Jaipur District. Jaipur is the former capital of the princely state of Jaipur. Founded in 1727 by Maharaja Sawai Jai Singh II, the ruler of Amber, Jaipur was the first planned city in India and in 2003, after only 276 years, the population reached approximately 2.7 million.

Real Estate Development
Jaipur, popularly known as the 'Pink city of India' is the capital of Rajasthan. This royal city, even today is considered to have the best-planned road infrastructure among many places in India. However, the skyline of Jaipur is also changing with times. And this is justified with the co-existence of the majestic monuments of the Raj and the most modern architectural galore of the present.

Like all other upcoming cities in India, Jaipur is also set to make its own statement in the economic growth of the region. As far as Jaipur real estate is concerned, the scenario is looking quite upbeat. To help it achieve its goal, the state government is taking initiatives like strengthening infrastructure and promoting IT & ITES policy in the city, considered the most comprehensive way of redefining financial growth.

As Jaipur real estate gears up to present itself in its new avatar, there has been a large influx of investments in this sector. Its close proximity to Delhi and the National Capital Region (NCR) - considered the epicenter of growth is one of the credible factors for the corporate sectors eying Jaipur as a possible hub in the face of growing congestion in the metros. Apart from being a promising infrastructural ground, the property prices of Jaipur is comparatively lower than the adjacent metro cities.

Besides, Jaipur's easy connectivity to the prominent Indian cities and international destinations makes it a favorable business destination. Proposal for a SEZ in Jaipur and IT giants Wipro and Infosys showing interest for investing in the city is a clear indication of the changing trends in the city's economy. As IT and BPO industry continue to flock into the city, there has also been an inflow of large workforce, creating a dearth of residential spaces in the city.

To meet the rising demand for residential and commercial retail spaces, there have been many initiatives from developers all over the country. Prominent names like those of Vatika, Parsvanath and Ansal have bidded for developing residential, retail and office spaces in the city thereby taking Jaipur real estate to unparallel heights.

The 800-acre integrated Infotech city to be developed by Vatika besides providing international style of living also plans to develop a 50-acre IT Park with capacity of accommodating approximately 50,000 IT professionals and aided staff. There are also plans to develop a World Trade Park in Jaipur city, which will have offices, a convention centre, retail outlets, a five-star hotel, entertainment centers and computerized parking facilities for 1,100 vehicles.

Moreover, Jaipur as a real estate prospect is growing with leaps and bounds. The realty graph in the city shows a capital growth of 5 to 7 percent in the last one year. Moreover, as the ratio of demand to supply is deficit, there has been remarkable escalation in the property prices.

The better infrastructure in connectivity with the 8-lane expressway and proximity to international airport is also a major contributor to the popularity of Jaipur as an investment destination. Also the upcoming projects mushrooming in and around the city have made Jaipur thrive on to become one of the fastest growing cities in India.