Jodhpur is a city located in the state of Rajasthan in northwestern India. It is also the second-largest city in the state, with a population of over 1.5 million people.
Situated in the heart of Rajasthan, Jodhpur city is brimming with potential. From its rich history and culture to its booming economy, there are many reasons why invest in real estate in Jodhpur is a wise decision. Let’s take a look at a few of them.
Why Invest in Real Estate in Jodhpur?
- A Rich History and Culture
The city was founded in 1459 by Rao Jodha, a chieftain of the Rathore clan. Jodhpur is known as the “Sun City” because of its sunny weather all year round. It is also known as the “Blue City” because of the blue-painted houses in the old city.
The city is situated at the edge of the Thar Desert and has many tourist attractions, such as Mehrangarh Fort, Jaswant Thada, and Umaid Bhawan Palace. In recent years, Jodhpur has seen a boom in real estate development, making it an attractive investment destination for real estate enthusiasts.
- Jodhpur’s Strategic Location
Jodhpur is strategically located at the crossroads of two major national highways, making it easily accessible from all parts of India. The Delhi-Mumbai Industrial Corridor passes through Jodhpur, making it a key node on this important economic development project. Jodhpur is also well-connected to several major cities by rail and air. These transportation links make Jodhpur an ideal location for setting up industries and businesses.
- Jodhpur’s Growing Economy
Jodhpur’s economy is growing at a rapid pace. The city’s GDP is expected to grow by 33.04% over the next decade, making it one of the fastest-growing cities in India. The growth is being driven by the expansion of existing industries and the establishment of new ones. Several large companies have set up their operations in Jodhpur in recent years. This has led to an increase in job opportunities in the city, which is attracting people from all over India to come and live here.
- Jodhpur’s Real Estate Market
The real estate market in Jodhpur has been on the upswing in recent years, thanks to the city’s growing economy and improved infrastructure. Property prices have gone up over the last few years, and they are expected to continue to rise at a similar rate over the next few years.
Commercial property prices have also gone up due to strong demand from businesses looking to set up operations here. Investing in real estate in Jodhpur is sure to yield high returns in the future.
- There is a Strong Demand for Residential Property in Jodhpur
The demand for residential property in Jodhpur is driven by the city’s rapid population growth and strong economy. Additionally, many people are moving to Jodhpur from other parts of India due to the city’s favorable climate and good infrastructure. As the demand for housing in Jodhpur increases, prices are likely to rise further.
Investing in Navkar City in Jodhpur is an excellent opportunity to be part of a rapidly-growing real estate market. The carefully designed township offer quality living with a wide range of amenities, such as spacious rooms, private terrace and communal areas for socializing.
Furthermore, the development is conveniently located close to the city center and just minutes away from major attractions of the city. Residents can also enjoy access to recreational facilities like pools, gyms, play area, etc. within the township. With all these benefits combined, it is no wonder why Navkar City has become one of the most sought-after real estate investments in Jodhpur!
- Investing in Real Estate in Jodhpur is a Safe Investment
Investing in real estate is generally considered to be a safe investment, as property values tend to appreciate over time. Additionally, investing in real estate can provide a steady income stream through rental income.
- Jodhpur has a Favorable Climate
Jodhpur has a tropical climate, with hot summers and mild winters. The average temperature in Jodhpur is 26 degrees Celsius. The city receives an average of 12 hours of sunlight each day.
- Jodhpur has Good Infrastructure
Jodhpur has good infrastructure, with a well-developed road network and airport. The city also has a rail link to Delhi, which allows for easy transportation of goods and people. Additionally, Jodhpur has a number of hospitals and schools that provide quality services to residents.
Conclusion:
Jodhpur is one of the fastest growing cities in India and offers many advantages for investors looking to invest in real estate. Thanks to its strategic location and growing economy, investing in real estate in Jodhpur is sure to yield high returns in the future.