The Jaipur-Ajmer expressway has led to the emergence of Peripheral Business Districts (PBD), which is gaining wide acceptance among investors, buyers, and end-users recently. This is a six-lane highway. A lot of IT/ITeS companies are setting up their offices in the nearby neighborhood of the highway, like as Wipro, Infosys, Genpact etc.
The announcement of the Special Economic Zone (SEZ) projects by InfoTech and Mahindra World City is another feather in the cap for the highway area. Many new commercial projects are in the pipeline in the expressway.
Jaipur's rapidly-developing infrastructure has provided impetus to this growth corridor, and property prices are seeing significant appreciation. Naturally, investors are keen on Jaipur's real estate market, not least of all because of the growth of the IT/ITeS sector.
With Special Economic Zones (SEZs) being proposed by two corporate majors, Ajmer Road can expect increased traction in its real estate. Apart from this is the fact that it is close to the city's Peripheral Business Districts.
Availability and accessibility of various infrastructure facilities is another important reason driving investors and developers' interest in Ajmer Road. There is a lot of demand for mid-income and luxury apartments, and reputed developers are catering to this demand with projects offering all the major amenities. Availability of large land parcels at affordable prices is a major growth driver. Investors can look to buy plots priced within the range of Rs 5-30 lakh.
The larger micro market around Ajmer Road boasts of social infrastructure in the form of schools, colleges, hospitals, avenues for entertainment such as cinema halls and restaurants, as well as shopping malls. Ajmer Road, therefore, provides the possibility of good returns on investment, now and in the future. Current rates for residential flats in this area are Rs 2,200-3,400/sqft.