Tag Archives: Jaipur

Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers

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The real estate market in the Pink City is undergoing a dramatic upheaval. Known for its rich architectural and cultural legacy throughout history, Jaipur is becoming a luxury real estate hotspot. A combination of infrastructural improvements, economic growth, and a rise in demand for upscale housing developments are propelling the city’s expansion. This increase is consistent with patterns observed in Indian metropolis, where opulent living quarters are regarded as evidence of comfort and status.  

Industry reports state that urbanization, rising income, and changing lifestyles have all contributed to the luxury housing segment’s strong growth of over 30% in India in recent years. Although historically leading this sector have been cities like Delhi, Mumbai, and Bangalore, Jaipur is currently making a name for itself. 

Jaipur’s Akshat Developers: Raising the Bar 

The skyline of Jaipur has been molded for more than three decades by Akshat Developers, a reputable name in the real estate sector. Under the inspiring direction of Mr. Sunil Jain, MD, Akshat has finished several projects in desirable Jaipur locations. Sawai, their newest product, is a testament to their dedication to excellence and quality. 

The Pinnacle of Regal Living: Sawai 

Sawai, the project by Akshat Developers, is expected to change Jaipur’s definition of luxury living. Sawai is more than just a residential development; it is a lifestyle philosophy, crafted on the canvas of rich heritage and painstaking reinterpretation of Jaipur’s architecture. It is situated in Jaipur’s esteemed Statue Circle. 

Across a spacious five acres, of which one is devoted to green areas, Sawai blends in perfectly with the surrounding environment. The project evokes the spirit of royal living with its expansive landscapes and open architecture reminiscent of Jaipur’s forts and palaces. Sawai comprises five opulent villas and 91 exclusive apartments arranged over 11 towers. Sawai is one of the most prestigious addresses in Jaipur, with unit sizes ranging from 5500 to 8200 sq. ft. and prices between 10 and 15 crores. 

The project features a large 32,000-square-foot clubhouse carefully designed to provide an unmatched level of luxury living. Aside from well-kept, patterned gardens inspired by Amber Fort’s Mughal Garden, the amenities ensure each resident requires that every resident’s need is met. With landscape design assistance from P Landscape in Thailand, Sawai was created by renowned architects Mr. Sharad and Ms. Sangeeta Maithel of MA Architects, guaranteeing that every detail embodies refinement and quality. 

Sawai’s prime location affords its residents breathtaking views of the Aravalis, the central park, and the cityscape. The development’s abundant greenery inside and outside the building creates a tranquil atmosphere that makes it the ideal getaway from the bustle of the city. Sawai is the perfect example of regal living, with every part of the hotel reflecting the grandeur of Jaipur’s royal heritage while providing contemporary comforts.

Projects like Sawai by Akshat are the bar for luxury and exclusivity as Jaipur develops into a center for high-end real estate. Akshat’s integration of contemporary amenities with conventional design elements creates beautiful houses and a way of life that embodies balance and magnificence. Sawai is more than just a place to live; it is a lavish experience that redefines luxury in the Pink City. 

Amritsar and Jaipur are two of India’s seventeen burgeoning real estate hubs. Does the list include your city?

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Many demand and supply side parameters related to the social, economic, financial, and real estate sectors were evaluated as part of an extensive examination of these cities. 

India is rapidly becoming the third-largest economy in the world, and emerging cities are expected to be crucial to the country’s economic development. In addition to its eight megacities, India is predicted to have almost 100 cities with a population of one million or more by 2050. Important factors like tourism, digitization, infrastructure development, and changes in the office landscape will propel the next wave of urban growth in these locations.

In its most recent report, “Equitable Growth and Emerging Real Estate Hotspots,” Colliers identified and assessed over 100 emerging cities, keeping the previous variables as its main considerations, to levy their real estate attractiveness and growth potential over the next five to six years. 

Numerous social, economic, financial, and supply-side parameters unique to the real estate industry were evaluated as part of an extensive examination of these cities. To determine the relative importance and impact of these parameters on different real estate segments in the respective cities, including office, residential, warehousing, retail, hospitality, and alternatives (data centers, senior living, second homes, etc.), Colliers conducted a comprehensive assessment while developing an objective framework that included the previously mentioned factors. 

Out of the 100+ cities where real estate development is expected to strengthen in the medium to long term, this detailed analysis helped identify 30 cities that have the potential to expand rapidly. Amazingly, in 17 of these 30 high-potential cities, faster real estate development across three or more asset classes is predicted. The distribution of these 17 high-impact emerging real estate hotspots across the nation’s Northern, Southern, Western, Eastern, and Central regions demonstrates equitable growth.

“Affordable real estate, skilled labor, better infrastructure, and government initiatives are propelling smaller towns to become dynamic contributors to India’s economy. The real estate industry is expected to grow to a projected $1 trillion by 2030 and possibly $5 trillion by 2050, accounting for 14-16% of the GDP. The retail, hospitality, commercial, residential, and industrial segments are all predicted to experience significant growth. Other asset classes, like senior housing, data centers, and second homes, are also expected to see a lot of activity in these newly developed real estate hotspots.” CEO of Colliers India Badal Yagnik stated. 

Infrastructure development will continue to be a major driving force behind real estate growth in India. Growth centers will disperse and expand outside Tier 1 cities due to improved connectivity and increased manufacturing activity caused by flagship infrastructure projects under PM GatiShakti and the National Infrastructure Pipeline (NIP). This will lead to significant economic growth in smaller towns, causing a rise in the rise and warehousing real estate markets. Furthermore, there will be a growing demand for storage space in developing hotspots along infrastructure corridors as factories and MSMEs thrive in a supportive setting. Colliers’ analysis utilized several supply-side and demand-side factors, such as the proximity to important infrastructure projects, the concentration of warehouses and MSME registrations in the designated locations, the allocation of infrastructure throughout the city, etc., to evaluate the overall impact of infrastructure on real estate. 

The technology sector and changing work models will drive demand for offices and homes in emerging cities. 

Companies are embracing the hub-and-spoke model and opening satellite offices in smaller towns due to the growing popularity of hybrid working. Through a thorough analysis that included several factors, such as the start-up ecosystem and current state of technology, the availability of skilled labor, planned and actual infrastructure upgrades, and the locations’ proximity to well-established office markets, Colliers was able to identify the high-impact locations. Among other places, Coimbatore, Indore, and Kochi were identified as having a lot of potential as satellite office markets. 

Smaller cities are poised for a revolutionary boom in the office and residential markets as tech giants and creative start-ups take advantage of their highly skilled talent pools of emerging hubs. The combination of office rental arbitrage and the generally 20-30% lower and more reasonably priced housing market in these areas results in a win-win situation for employers and employees. Leading real estate developers’ interest is expected to surge in response to this surge in demand, bringing in a flood of superior supply to these markets. Furthermore, the growth of flexible spaces in these energetic centers will effectively close the gap between supply and demand for high-end office space, ushering in a new phase of expansion and opportunity, according to Vimal Nadar, Senior Director & Head of Research at Colliers India. 

Higher digital adoption to encourage the expansion of data centers in smaller towns 

Real estate activity in smaller towns is expected to increase significantly due to increased digitization, especially in the data center and warehousing sectors. The expansion of e-commerce will make it easier for online retailers to expand, resulting in the construction of distribution hubs, warehouses, and fulfillment centers in key locations. The growth of data centers and smart infrastructure in these developing cities will also be fueled by the increase in data consumption, leading to these towns’ allure as real estate investment destinations. 

Colliers examined the effects of digitization on real estate and the following factors: population, GDP per capita, online shopping inclination, adoption,  digital payments, presence of leading retail brands, etc. Cities like Jaipur, Kanpur, Lucknow, Nagpur, Patna, Surat, and Visakhapatnam were highly recommended on the list of places where real estate activity is predicted to increase due to digitization. 

Temple towns will grow as a result of spiritual tourism 

Supported by infrastructure advancements and government policy, spiritual tourism is expected to play a major role in the growth of various Indian temple towns. Long-term organized real estate players may be drawn to these spiritual locations by infrastructure upgrades and enhanced connectivity, particularly in the hotel and retail sectors, thanks to new airports, flagship trains, and better roads. 

Finding high-impact sites for spiritual tourism required analyzing several factors, such as approved allotments under different government initiatives, yearly visitor traffic at major pilgrimage sites, future real estate developer plans, and land price growth. With growth spurred by spiritual tourism, Amritsar, Ayodhya, Dwarka, Puri, Shirdi, Tirupati, and Varanasi have emerged as cities to watch out for. 

Investors Clinic Unveils growth plans, expands operations nationally by setting up offices in Mumbai, Bangalore and Jaipur

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New Delhi, December 21, 2017: Investors Clinic, a Noida-headquartered fastest growing real estate consulting giant, has announced its growth plans to expand business operations nationally by setting up offices in Mumbai, Bangalore and Jaipur. These markets have shown unprecedented real estate growth in past few years creating huge demand for professional real estate services.

 After its successful operations in Delhi-NCR with impressive growth record of 20% annually in last 10 years, Investors Clinic sees surge in demand for its quality real estate consulting offerings in other markets of the country having immense potential for real estate growth from consulting to buying and selling properties both in residential and commercial projects. The company aims to achieve three-fold growth in next 5 years.

 Speaking on this expansion plan, Honey Katiyal, Founder, Investors Clinic said that, “We see a huge opportunity for consulting services in matured markets like Mumbai and Bangalore and growing market like Jaipur. Our vast expertise and experience in real estate consulting for last 10 years have encouraged us to expand our business operations to these markets and win customer trust. Investors Clinic aims at setting operations in at least 10 new markets in next 5 years and is confident of achieving the same, given its consistent year-on-year growth.”

 Investors Clinic has already partnered with leading developers in these three markets, as part of its expansion plan to establish itself as an emerging player and cater to the growing needs of homebuyers and sellers looking at professional real estate guidance and expertise in today’s highly competitive and complex marketplace.

 Investors Clinic has partnered with pioneer builders like Lodha, Rustomjee, DLF, Godrej, Sobha, Tata, Damac and more as part of its pan-India expansion plans in key cities including Mumbai, Bangalore and Jaipur and looking at giving a value for money experience to their customers.

About Investors Clinic: Investor’s Clinic is a real estate consulting company serving all over the globe. Investor’s Clinic, a pioneer amongst professional real estate consulting companies in India, has served premier corporate houses in both domestic and international arena. With more than ten years of collective experience in this industry, their expertise is in providing best in class customer service through world class technology, process and response mechanism

Indian developers will present properties to NRI investors at Doha exhibition.

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Indian developers are all geared up to offer NRI investors a wide choice of properties across India at an exhibition which is going to start on 16th March 2012.

It is the 20th India Property Exhibition in Doha on Friday which will showcase more than 100 projects spread across New Delhi, the National Capital Region, Jaipur, Mumbai, Pune, Goa, Hyderabad and several other cities.

The $12 billion realty market in India is on a high growth curve, because of the fast growing economy, increased participation of global players in the Indian market and new technological innovations.

According to organisers – Indus Fairs and Events (India) and Apex Business Solutions, Doha – the investment portfolio includes apartments, independent houses, bungalows, luxury villas, farmhouses, commercial properties, beach resorts and plots.

New Retail Mall “The Great India Place” Launched in Jaipur Mega Tourism City

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International Amusement Limited (IAL), the company behind Appu Ghar, has announced the launch of a new shopping mall “The Great India Place, Jaipur” under Jaipur Mega Tourism City. Spread over 20 acres, the mall will offer to the visitors shopping, dinning & entertainment in the form of bowling alleys, club, pubs, health club, multiplex, etc.

Inaugural Discount till 15th Feb, 2012 :
Ground Floor – Rs. 300/- per sq ft.
First Floor – Rs. 200/- per sq ft.
Villas – Rs. 300/- per sq ft

For more details or booking visit: http://jaipurtourismcity.propertywala.com/

Jaipur Tourism City – India’s First tourism city with 300 acres entertainment, retail and residential space

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Jaipur Tourism City is a new 400 acre mixed use destination resort and is slated to be India’s first vacation city. The resort is comprised of two sites which are separated by a major highway. The project is one of a kind landmark retail/entertainment hub along the highway. The program includes retail, five hotels, two themed attractions, a golf course and residential.

Jaipur Tourism City also boasts of a 30 acre retail/entertainment destination as part of the overall 400 acre resort. The various components, including a 400 room hotel, are connected by a series of plazas, terraces and streets. An 800,000 sq. ft. mall and 200,000 sq. ft. entertainment complex form the central hub and landmark of the resort.

More information or Booking inquiry

Realty Big Players Attracted Towards Small Cities for Expansion

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NEW DELHI: Growing demand for homes in smaller cities of the country is attracting real estate biggies. Cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow , Nagpur, Surat , Vadodara and Visakhapatnam are estimated to add 354 million sq ft of residential development in the coming 03 years. According to a research, large builders like DLF , Unitech , Parsvnath , Omaxe , Ansals and Emaar MGF have already diversified into these cities. These cities today show huge potential for growth. These cities are attracting the big developers because of their considerable price stability and growth prospects. With economic activity picking up in these cities, there is a growing migration from smaller areas, which has created a shift towards an apartment culture. This shift will foster volumes for larger developers in the future.

Looking at this new demand, banks and financial institutions are also looking towards these cities to bridge the financial saturation gap.The growth prospects in the smaller cities are fascinating huge developers with multi-city existance.

LIC Housing to Concentrate on Senior Citizen Homes Business

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LIC Housing Finance focuses to have a all India-presence for its senior citizens homes business as the rise in demand from senior citizens provokes the company to scale-up presence in other cities across the country. The 4th largest mortgage lender has finished two projects, one in Bangalore and the other in Bhubaneswar, They believe this “futuristic idea” will lead to the home finance company eventually spinning off its care home business into a listed body as early as 2014.

“We expect to make the care homes business a fully listed body in coming three to five years,” CEO of LIC Housing finance said. LIC H.F., promoted by the country’s largest insurer, the LIC of India, is looking for an existence in up to 07 cities, which it says are more “friendly to the senior citizens” and also can get land at discounted rates. The company lately finished a 98-unit project and a bigger 200-unit project in Bangalore and Bhubaneswar respectivly.

Presently the organisation is in the process of acquiring land in Jaipur, Haridwar and Goa. “More cities such as Nagpur and Pune which have historically been friendly to the retired people will be looked at.” India has 65 % of its people aged between 15 and 64 years, so the business model might find many takers. Retirement homes are built in a community format with modern amenities including gymnasium & club houses, music rooms and auditoriums. These projects also come with a house-help which is offered by the developers or owners themselves.

The RBI’s Realty Indices For Ahmedabad

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Ahmedabad happens to be one of the 11 countries for which the reserve bank of India would prepare one index for commercial and one for residential properties. This is done to curtail speculations and expected realty bubble burst in the coming years. The RBI report on asset price monitoring system (ASMS) advised to formulate these indices two months back.

Reserve Bank of India, Kolkata
Photo by seaview99

Many different countries such as Canada, France, us refer to these indices for realty prices.

The report says, RBI should start compiling a realty index and update it every quarter. To begin with, the report has proposed Mumbai and Delhi where property prices have skyrocketed to record levels. After these cities RBI would add 10 other cities which include Greater Chandigarh, Hyderabad, Chennai, Bhubaneswar, Pune, Jaipur, Kolkata, Lucknow, Bangalore and Bhopal.

The real estate price index once devised would become the primary index that could be perused by investors to gauge the performance of companies that are listed in the realty sector. The index can also help the investor analyze how real estate is performed in comparison to stocks and bonds. It can also provide information on the risk involved in a particular investment and returns that can be achieved from it.

The ASMS report has defined the deficiencies this indices would help overcome.

Realty Boutiques: First Time in India

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Rose vert jaune
Better Options Property (BOP) which is a Delhi based realty management and advisory firm. These realty boutiques seem to be interesting enough since they will be developed for the first time in India. A realty boutique is a real estate Shoppe based on the model of a walk-in store for property consultancy and purchase. These will be called ‘BOP Studio”.

Some of the key features of these studios are:

  • An amount of Rs. 60 lakh would be spent by each studio on the infrastructure alone.
  • These studios would be located at the prime location in each city covering an area of 2000 sq ft.
  • Currently, the cities Noida, Kanpur, Chandigarh, Meerut, Jaipur, Agra, Lucknow, Amritsar, and Ludhiana etc will be credited with the BOP Studios.
  • It is expected that there would be thousands of professionals that would be recruited in these studios.

The target for the BOP studio is quite high. It might have to take around 10 projects hand in hand in every city where it plans to operate. According to Gaurav Mavi, director, BOP, although their plan of expansion in India through the shoppe concept may not flourish at once, but will surely be able to fetch profits later.