Jodhpur, also recognized as the “Blue City of India,” is the second biggest city in Rajasthan. Jodhpur, one of the most beautiful cities in the world, has come a long way from its inception decades earlier.
This blog would explain why investing in real estate or property in Jodhpur is a perfect opportunity for investors and home buyers.
A Short Summary Of Jodhpur’s Past
Rao Jodha, a chief of the prominent Rathore clan, established Jodhpur in 1459. Previously, the area was identified as Marwar. Later, in memory of its father, the title was changed to Jodhpur. It is Rajasthan’s second-largest urban city and is split into two major areas: the ancient town and the new place.
The old city is isolated from the rest of Jodhpur by a 10-kilometre-long wall that protects it. The old city has eight gates that lead in and out. The old city is largely a tourist attraction, with several popular tourist locations situated within its walls therefore people are more concerned about property in Jodhpur. The new city is a futuristic metropolis that developed around the old city and housed Jodhpur’s most recent developments.
Following Factors Explain Why It Is A Great Way to Invest In Real Estate Or Property in Jodhpur.
- The tourist industry and handicrafts are flourishing.
Jodhpur is a major tourist attraction in Rajasthan and throughout the region. Every year, hundreds of domestic and international travellers visit the city to experience its beautiful scenery and mesmerizing heritage buildings, forts, and other tourist attractions. With a huge number of tourists visiting the city throughout the year, Jodhpur also saw significant infrastructure growth in recent years to satisfy the increasing number of visitors. Jodhpur has a wide range of amenities to accommodate all travellers, from luxury resorts to budget hostels and rental apartments.
Besides hospitality, arts and crafts are the second most important contributors to Jodhpur’s economy. The regional handicrafts industry has seen a large rise in market dominance recently. Metal utensils, paint, textiles, vehicles, and athletic goods are produced here. Handmade items such as cutlery, crystal brooches, granite products, and rugs are also very common in Jodhpur and exported worldwide.
- Jodhpur is experiencing strong economic growth.
According to real estate analysts, tier-II and tier-III cities in India, such as Jodhpur, are potential development engines. With real estate prices in tier-I cities skyrocketing and development saturation, most giant enterprises contemplate immigrating to small towns to save costs. The existence of low skilled workers and large tracts of land for commercial development has prompted many leading firms to explore the property in Jodhpur and its surrounding areas for new ventures.
Moreover, the federal government of Rajasthan is aggressively trying to attract stakeholders to its second-biggest district, Jodhpur, and has also suggested the establishment of a Special Economic Zone (SEZ) in the city in the coming years.
- Lower starting property values and rapid improvement of property prices.
Among the most important advantages of acquiring property in Jodhpur is that costs are lower than national averages. In 2019, the median house value in Jodhpur was 51.75 lakh INR. This is considerably lower than the average property’s value in many other metros such as Gurgaon (90 – 99 lakhs INR). Property price inflation in Jodhpur has shown a substantial rise in recent years. Properties that were sold for around 23 lakhs in 2008 now are resold on the market for a staggering 75 – 80 lakhs, demonstrating the city’s massive property price appreciation.
- A rapidly expanding city with massive potential.
Jodhpur is one of India’s fastest-growing tier-II cities, with tremendous growth potential. In recent years, the city has seen substantial infrastructure growth. If you are searching for elevated flats in Jodhpur or independent villas or any other property in Jodhpur, there is a property to fit every budget.
With global higher education institutions such as NLU, IIT, and NIFT sprouting up across the city, younger people from the rest of the province and India are looking to migrate to Jodhpur. Beneficial government actions such as lowering the DLC and tax burden and an emphasis on infrastructure development such as constructing new highways are fueling growth in Jodhpur, rendering it high – real quality destinations in the region.
Invest in Jodhpur now and reap high returns on your real-estate assets in the city in a few years. In conclusion, Jodhpur, also known as the ‘Blue City of India’, is the second-largest city in Rajasthan. On the development front, the city has witnessed a great deal of infrastructure development, including hotels, restaurants and cafes. Jodhpur is also famous for its magnificent wedding destination and the booming handicraft industry. All facets of construction make it a rational and standard option for investment in real estate to be made. So, what are you waiting for? Invest today only, for the best property in Jodhpur.
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