Saturday, May 10, 2008

NH8 - A Lifeline for Jaipur Properties

Since the total travel time for covering 225 kms distance between Delhi and Jaipur has come down to 4-5 hours, Jaipur is one of the most happening real estate destinations in the North India. This is thanks to NH8 (National Highway No. 8), which has connected Jaipur with Delhi, Gurgaon and other major parts of the country.

Touted as a counterpart of Gurgaon, today the Jaipur real estate industry is abuzz with a multitude of commercial and real estate developments all across. A number of integrated township projects on the peripheries are on the move both by local as well as real estate developers like Narvik Nirman, Omaxe, Suncity, DLF, MGF, Vatika, Ansals, Parsvnath, etc.

As real estate agent Surendra Shah of Shah Properties puts it, "Since peripheries are not well connected the real estate ventures in these areas find it hard to attract buyers. But with NH8 connecting Jaipur to Delhi, it is opening the doors for large number of potential buyers and investors."

As good road network is precursor to an all round development of the region, NH8 is surely playing its role very well. With the metros getting saturated, people are now eyeing other development hubs like Jaipur. But the buyers want a property that not only offers them luxury but also provides for a good infrastructure and connectivity and Jaipur is turning out to be one such destination.

Though presently the residential properties being developed on NH8 are mostly high premium, industry sources feels they are a good investment opportunities for middle income group people also. Say R K Bharadwaj of Bharadwaj properties, "a lot of luxury township projects are under construction in Jaipur and as NH8 is suitably connecting Jaipur to Delhi, a large number of investors are from there."

NH8 offers an efficient road transport system, thus it is playing a very important role in the already fast growing real estate industry of Jaipur and further adding to the state's economy as well. Moreover, socially also it would be a great boon, integrating and bringing people and cultures closer.


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