Wednesday, June 27, 2012

Jodhpur Property Market

Jodhpur, which is the second largest city of Rajasthan and a major tourist attraction, is making rapid strides in real estate market. The city has great cultural and historical significance and has many famous forts, palaces and temples which have made significant prominence in the glory of ancient history. Earlier, there were more traditional houses in the city which lacked basic amenities but now with the increase in number of service class people, the demand for sophisticated houses with all basic and modern facilities have increased.

After understanding the demand of people, many builders have come up with new projects contributing to the growth of infrastructure in the city. Also, two PSU giants i.e. Indian oil and Bharat Petroleum have set up their base in the city. Besides that, SEZ set up by Rajasthan state industrial development & Industrial Corporation ltd has resulted in overall development of the city. The state government is also making efforts to establish industries and boasting tourism in this beautiful city of Rajasthan.

Many new projects are lined up in the for Jodhpur property market like Delhi-based builder, Parsvnath Developers is expected to come up with Mega Township in Jodhpur, which will spread over 110 acres areas and will be named as Parsvnath City. This mega township will consist of Royale Villas in sizes like 200, 250 and 300 sq yard of area and this project is expected to complete within coming two years. Apart from that, BHDPL (Baheti Housing & Development Private Limited), a local builder has come up with an eighteen acres housing colony on Pal-Sangaria by pass road named as Chanakya Puram. According to BHDL, this colony has well laid roads, water and power facilities, green spaces and all basic amenities.

According to Mr. Shayam Baheti, Chairman of BHDPL, the company was able to sold plots of Chanakya Puram housing colony within a week of its launch and encouraged by its success, the company is planning to launch a new colony Nivas with more facilities. Other than that, the company has residential cum commercial scheme in pipeline at Sardapura area. Many more major builders like Ansal API, Ashiana, Stadia infrastructure, Parsvnath etc are looking forward to come up with their projects in the city. According to local property consultant, Mr. Karan Bhatia, even in low profile areas, the residential property in Jodhpur is witnessing 100% appreciation and in posh areas the appreciation on an average is 200%. Few more projects that are lined up are as follow:

Stadia landmark Global Township by Stadia Infrastructure
Ashiana Amarbagh by Ashiana builders, which is a 6.25 lakh sq feet luxurious residential colony on main Pali road a posh location of Jodhpur
Sushant lok and Sushant city by Ansal API targeting higher income group people near NH-65
Roop Rajat Township by Karni builders; local builder at phase I,II,III of Bhandu market
Satra Galleria by Satra Properties India Ltd, which will be one of the largest retail and entertainment complexes in Jodhpur and will be located at Nayi Sadak Road Jodhpur
Palace hotel in Jodhpur by Ansals

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