The capital city of Rajasthan, Jaipur has been developing at an impressive speed as a heritage tourism site into a rich business and commercial center. Jaipur offers great infrastructure, growing connectivity and rising investments making it a preferred destination by entrepreneurs, start ups, retailers and corporate houses. In case you are seeking the prime commercial location of Jaipur, the city has several places where the visibility is high, and the foot-traffic is high and has a long potential of growth.
This blog will discuss why Jaipur is becoming a commercial hub and what are the ingredients that make its prime business locations to be the best place to do business.
1- Why Jaipur Is an Emerging Business City
During the past years, the commercial real estate business in Jaipur has experienced tremendous growth. The companies are relocating to Jaipur because it is cheap, has skilled employees and its location is strategic.
Some of the factors contributing to this growth are:
- Good road, rail and air accessibility.
- Making IT parks and industrial zones bigger.
- Less operational costs than the metro cities.
- Urbanization and smart urban development.
- Increased population and buying capacity.
All of these add to the increased amount of demand of the prime commercial location of Jaipur.
2- What is the best commercial location of Jaipur?
The Jaipur commercial location is characterized by some key features that promote the development and presence of business:
1. High Footfall & Visibility
Retail stores, offices, and show rooms are best suited around commercial areas that are situated along the main roads, markets and business districts that attract maximum number of customers.
2. Excellent Connectivity
The prime sites have good accessibility to highways, metro, railway stations, and airport making easy access by clients, employees and logistics.
3. Modern Infrastructure
Commercial hubs should be planned well with office space, co-working, parking, lifts, power supply and security.
4. Business-Friendly Environment
Availability of banks, hotels, restaurants, and corporate offices generates a corporate environment that facilitates business growth.
3- Best Areas to be regarded as High Commercial Jaipur area.
In Jaipur, there are a number of regions that are considered to be the best performing business districts. Investors and business owners are always attracted to such places.
C-Scheme
C-Scheme is one of the oldest and reputable business zones of Jaipur. It is home to corporate offices, banks, government offices, high- end retail stores, and cafes rendering it a high demanded business district.
MI Road
MI Road is a classic but strong business street with shopping outlets, exhibition rooms, hotels and offices. It has a strategic position, which makes it very visible and easily accessed by pedestrians.
Malviya Nagar
Malviya Nagar has become a new commercial hub in the modern world because of the nearness to the IT businesses, educational centers, and Jaipur International Airport. It is perfect in offices, clinics, and retailing areas.
Vaishali Nagar
Vaishali Nagar is a commercially and residential development that has good local demand. It fits well into retail outlets, coaching facilities, restaurants as well as service oriented companies.
Mansarovar
Mansarovar is one of the largest residential colonies in Asia and therefore has colossal business prospects. There is also a huge market of customers in terms of shops, offices, and malls in this area.
4- Advantages of Investing in a prime commercial place of Jaipur.
Investing in the prime business destination of Jaipur has the following long term benefits:
- High rental yield
- Businesses demand is consistent.
- Good return of investment (ROI).
- Reduced entrance cost as compared to metro cities.
- The appreciation in the long term owing to the growth of urban areas.
As the business activity increases, commercial real estate in Jaipur is receiving more investors nationwide.
5- Best Businesses to have in Prime Business Areas.
Jaipur has suitable places of prime commercial location which include:
- IT companies and corporate offices.
- Brand stores and retail showrooms.
- Food chains, cafes and restaurants.
- Coaching institutions and centers.
- Wellness centers, hospitals, clinics.
- Co-working spaces & startups
6- Future Real Estate in Jaipur.
The future of the prime business venue of Jaipur is very bright with future infrastructure developments, expansion of the Metro, and a rise in the start up cultures. Jaipur is gradually becoming a Tier-1 business destination at Tier-2 cost of investment.
This allows it to be a good option among the new companies and experienced investors.
Conclusion
The location of your business can be a key determinant to the success of your business. In the middle business districts and the fast growing business areas, Jaipur provides various alternatives that can be considered affordable, visible and growing.
You have decided to set up a new business or you want to grow on the current business, investing in prime commercial location of Jaipur will guarantee long-term stability and profitability.
