BOOM IN REAL ESTATE IN JODHPUR

Jodhpur is second largest city of Rajasthan in terms of population and city sq. km. area. 

The Suncity is becoming an educational and industrial hub at a rapid pace. With several distinguished educational institutions and business houses setting up shop and production units, the government focus on development of jodhpur as a major economic centre like setting up Petrochemical plant in Pachpadra, setting up industrial areas and dry ports helped to expand the population. This has invited lot of major real estate business houses in jodhpur. They have launched their multi projects especially Ashapurna, Ashiana, Arihant, Unique builders, Shrinaath real estates etc.

With this rapid development, the real estate sector is booming in Jodhpur with the prices of land increasing manifold. Academic institutions such as the NLU, IIT, NIFT and police university are building campuses in the periphery of the city, and price of land around these have skyrocketed. Nagaur Road, where all the institutions are coming up, has witnessed the land prices going up from nearly Rs 50,000 per bigha to Rs 20-30 lakh per bigha. The arrival of IIT ushered the boom, The land for IIT was acquired at a rate of Rs 1 lakh per bigha, under the DLC rates prevailing then. Today if you want to own a plot within a 25-km periphery of the city, the price will not be less than Rs 4000 per yard. A two BHK flat on the city outskirts is fetching a price of Rs 2800 per square feet. In the city, the same unit will cost you somewhere around Rs 50 lakh.