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Post 1991, after liberalization, real estate development has attracted everyones interests. Not only has the land for the sake of development increased, it has given a large number of people employment and investment opportunities, and benefiting, not just people, but the economy, at large.And, mind you, it is not just the big four metros, it is also the Tier 2 cities that are attracting real estate development. Tier 2 cities like Jaipur, Faridabad, Pune, Mangalore, Cochin, etc, are booming with real estate business, like never before. And after the government has allowed 100% FDI in construction business, there has been no turning back. Not only has a huge amount of money flowed in, there has been a marked improvement in terms of design, services, infrastructure, materials, technologies and amenities, in each and every real estate that has been developed so far. Jaipur has made the most of all the advantages in the real estate industry. The builders, developers and colonizers, with a strong entrepreneurial streak and the ability to keep pace with modern technologies and innovative construction methods and ethical management practices, have taken up real estate business, market and economy to newer heights. Not only have they taken care of the local residents in creating their dream homes and offices, they have catered very well to the NRI community, as well. Today, real estate has emerged as a very lucrative option for the NRI community, as the rupee weakens itself against the dollar. As the rupee weakens itself against the dollar, it is predicted that it will consolidate itself against the dollar by the end of the year. This automatically means that the NRI community will get better investment return, only through the consolidation of the rupee, not to mention the annual 15- 30 % hike in real estate prices. As the NRI community buys and invests in the real estate in Jaipur, it is a real boon for the local average buyers here. Jaipur is the most visited city by tourists all over the world. The Pink City is well known for its jewelry, gems, handicrafts, textiles, as it is for the royalty, the regale splendor of the Rajput kings, majestic forts and palaces, all steeped in traditional mores. But it does not stop here. Jaipur has been very active with its development as well. Well planned roads, modern traffic systems and no traffic jams, adequate water supply and electricity, government funded industrial zones, entertainment zones, malls and multiplexes, world class educational institutions, and a well connected metro. This is only making it closer to Delhi, the political capital of the country and is poised to be the next Gurgaon.Article Source: http://siddhagroup.wetpaint.com
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