FIRE Capital Fund Investments Mauritius, not too long ago signed a MoU with the Government of Rajasthan for constructing 2000 acres integrated township at Jaipur, on the Jaipur-Ajmer highway.
Not just the project will cater to the demands and needs of modern day living in location, it is expected to produce employment for more than 12,000 people in Jaipur.
Jaipur residential real estate is witnessing large investments of comparable kind by way of numerous residential projects inside the offing.
Development Drivers
Based on Media Reports, IT sector is estimated to produce about 40 per cent with the extra employment in smaller sized towns like Jaipur.
Corporate requirement would lead to demand for excellent housing and infrastructure to uphold potential escalation. Industrial real estate development in Jaipur is really a big draw for investments in residential real estate sector.
Several housing projects in jaipur developers are launching residential projects to meet the future demands on the IT sector workers in Jaipur.
Upcoming Projects
As well as FIRE Capital Fund Investments Mauritius township project, Fishman Holdings' Indian real estate improvement subsidiary, Mondon Investments Ltd., has purchased a $108 million, 600-acre area in Jaipur for creating a township.
The project will incorporate residences, industrial space, offices, and high-tech space spread more than four million square meters.
Cashing on the present splurge in Jaipur residential real estate, quite a few property investment in jaipur developers likes Omaxe, Suncity, DLF, MGF, Vatika, Ansal API, Parsvnath, Narayan group, Narvik Nirman, have already announced their township projects in Jaipur.
Future Outlook
Not too long ago, Omaxe Ltd announced its foray into improvement of Specific Economic Zone (SEZ) by signing MoU using the Government of Rajasthan to develop a multi product SEZ in District Alwar of Rajasthan spread over the area of 5000 hectare.
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