Jaipur Q3 2024 Real Estate Newsletter | Snapshot & Insights


In Q3 2024, the Jaipur property market across 36 localities recorded an average land price in Jaipur of ₹6,761/sq ft, up 0.59% QoQ from Q2’s ₹6,724/sq ft. We segment Jaipur into Elite, Premium, Classic, Affordable and Economic Zones based on infrastructure, heritage value and connectivity. From posh areas in Jaipur like Jawahar-Lal-Nehru-Marg and C-Scheme to emerging corridors like Chitrakoot and Jagatpura, this report delivers zone-wise summaries, top/bottom area rankings, QoQ trends, amenity drivers, infrastructure updates and targeted investment insights for Jaipur real estate.

Zone-Wise Property Dynamics

The table below categorises Jaipur’s 36 localities into five price-based zones, highlighting average rates and defining characteristics.

Zone # Localities Avg. Price (₹/sft) Prominent Highlights
Elite Zone 4 ₹12,600 Luxury villas Jaipur, gated communities Jaipur
Premium Zone 7 ₹8,300 IT corridors Jaipur, serviced apartments Jaipur
Classic Zone 15 ₹6,000 Heritage neighbourhoods Jaipur, mid-segment apartments Jaipur
Affordable Zone 7 ₹4,300 Budget flats Jaipur, entry-level apartments Jaipur
Economic Zone 3 ₹4,100 Peripheral plots Jaipur, long-term capital gains
Elite Zone (4 localities)

Jawahar-Lal-Nehru-Marg, C-Scheme, Ashok Nagar and Bapu Nagar form Jaipur’s ultra-luxury belt with high-end villas, premium retail precincts and five-star hospitality.

Premium Zone (7)

Malviya Nagar, Jagatpura and Tonk Road corridors feature IT park adjacencies, serviced apartment complexes and strong corporate leasing demand.

Classic Zone (15)

Vidyadhar Nagar, Vaishali Nagar and Mansarovar blend historic charm with reliable mid-segment apartment stock, established markets and steady rental yields.

Affordable Zone (7)

Bhankrota, Sitapura and Jagatpura’s outskirts host budget-friendly flats, new housing layouts and improving public transport links.

Economic Zone (3)

Kalwar Road, Lalapura and Jhotwara sit on Jaipur’s fringe, offering low-entry-price plots for land-banking ahead of ring-road and metro extensions.

Top 5 Localities by Avg. Price

These five areas in Jaipur command the highest land price in Jaipur, driven by luxury offerings and prime positioning:
Jawahar-Lal-Nehru-Marg 14,800/sq ft

Iconic posh address with premium office parks, high-end condos and fine-dining precincts.

C-Scheme ₹13,800/sq ft

Upscale mixed-use district featuring boutique retail, luxury serviced apartments and cultural centres.

Ashok Nagar ₹12,700/sq ft

Established elite enclave with tree-lined boulevards, heritage bungalows and top-tier healthcare.

Bapu Nagar ₹9,800/sq ft

Central neighbourhood blending classic architecture, artisanal marketplaces and boutique hotels.

Jawahar Circle ₹9,300/sq ft

Prestigious roundabout hub with landscaped gardens, premium retail outlets and entertainment venues.

Bottom 5 Localities by Avg. Price

For value-seeking buyers, these Jaipur pockets offer land price in Jaipur under ₹10,000/sq ft and room for appreciation:
Ring Road ₹8,800/sq ft

Peripheral arterial corridor with new residential layouts and improving transport links.

Bhankrota ₹8,900/sq ft

Emerging suburb with affordable plots, upcoming IT-park adjacency and steady rental uptake.

Mansarovar Road ₹9,200/sq ft

Mature mid-market area with established schools, retail hubs and reliable occupancy.

Jaipur-Ajmer Expressway ₹9,300/sq ft

Highway-adjacent zone attracting mixed-use projects and land-banking investors.

Jhotwara ₹9,400/sq ft

Fast-growing fringe locality benefiting from ring-road access and planned Metro expansions.

Top/Bottom 5 Areas by QoQ % Change

Quarter-on-quarter, the following localities saw the fastest gains—or the steepest corrections—in Jaipur property rate:

Locality QoQ Δ % Prominent Highlights
Chitrakoot +14.0% New retail and road-widening projects boosting central demand.
Ashok Nagar +9.8% Upgraded roads and proximity to financial centres driving growth.
Jagatpura +8.2% Affordable housing near planned Metro extensions sparking interest
Malviya Nagar +7.0% Mall openings and infrastructure upgrades elevating appeal.
Jawahar-Lal-Nehru-Marg +6.2% Class-A offices and premium residences fuelling steady gains.
Kalwar Road -45.0% Peripheral correction after speculative land-banking surge
Lalapura -15.0% Market cooldown following rapid fringe-area launches
Ring Road -8.0% Price adjustments amid mid-segment oversupply.
Bhankrota -5.5% Slight decline as project completions slowed.
Moti Dungri Road -4.0% Cooling peripheral demand due to lagging infrastructure.

Local Amenities & Lifestyle Drivers

Demand in areas in Jaipur is shaped by world-class facilities and cultural appeal:

Healthcare

Fortis Escorts and Apex Hospital along Jawahar-Lal-Nehru-Marg and C-Scheme underpin medical-driven property demand.

Education

MNIT, Jaipur National University and premier CBSE/ICSE schools in Malviya Nagar and Ashok Nagar fuel family relocations.

Retail & Dining

World Trade Park, Mahima and Pinkcity Parivar Mall, plus Johari Bazaar cafés, elevate daily footfall and Jaipur property rate.

Heritage & Culture

Proximity to Amber Fort, Nahargarh and Bapu Bazaar boosts lifestyle appeal and premium positioning.

Connectivity & Infrastructure Developments

Major projects are enhancing land price trends in Jaipur across core and peripheral zones:

1. Metro Phase II :

Planned lines linking Jagatpura, Mansarovar and Amber Extended Corridor will slash commute times.

2. Ring Road Upgradation :

Widening works around Kalwar Road and Ring Road improve peripheral access despite short-term cooling effects.

3. Jaipur-Ajmer Expressway :

Upgraded highway spurs land banking and mixed-use development near Dholi Bagh and Jhotwara.

4. IT Corridor Growth :

Co-working hubs and serviced apartments along Jawahar Circle and C-Scheme fuel premium segment demand

Investment Insights & Recommendations

Tailor your Jaipur real estate strategy with these zone-specific moves:

1. Luxury Stability :

Jawahar-Lal-Nehru-Marg & C-Scheme for 7–9% annual appreciation, backed by premium infrastructure and enduring posh-area demand.

2. Balanced Yield :

Ashok Nagar & Malviya Nagar deliver 5–7% rental yields, anchored by proximity to central business districts and retail hubs.

3. Value Picks :

Jagatpura & Bapu Nagar flats under ₹10,000/sq ft offer budget-friendly entry with Metro and retail enhancements.

4. Peripheral Opportunity :

Kalwar Road & Lalapura plots under ₹9,000/sq ft for land banking ahead of ring-road-led growth.

Conclusion

Q3 2024’s Jaipur real estate trends—from luxury enclaves in Jawahar-Lal-Nehru-Marg to affordable corridors along Ring Road—highlight an average land price in Jaipur of ₹6,761/sq ft and a 0.59% QoQ rise. Whether you seek luxury apartments Jaipur, mid-segment homes or budget flats Jaipur, these data-driven insights will help you navigate Jaipur’s dynamic property landscape and capitalise on emerging growth zones.