Jaipur Sees Steady Rise in Housing Prices Amidst Pandemic Recovery
Jaipur has experienced a steady increase in housing prices, as indicated by the National Housing Bank's Residex index, despite a temporary dip during the pandemic. The city's improved infrastructure and better living conditions are contributing factors.
Housing PricesReal EstateJaipurNational Housing BankResidex IndexReal Estate NewsMay 26, 2025
While the housing prices experienced a significant dip during the pandemic, the demand has surged back strongly. The 50-city Housing Price Index (HPI), based on the valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 7.5% during the fourth quarter of 2024-25, compared to a 5.1% increase a year ago.
Rajesh Dukia, a real estate developer, commented on the trend, saying, 'Housing prices have been on the rise for the past four years, and the momentum is likely to continue.' He attributes this upward trend to the city's improved infrastructure, better living conditions, and increased demand from both local and outstation buyers.
However, Bhiwadi, another city in Rajasthan that the index tracks, has seen a decline in housing prices. Dukia explained, 'Pollution, traffic, and the overcrowded nature of the town are some of the reasons which are dragging down the prices. On the other hand, Jaipur scores better on these counts, which is reflected in the price appreciation.'
The steady rise in housing prices in Jaipur is also being driven by government initiatives aimed at boosting the real estate sector. These initiatives include the provision of better amenities, improved road networks, and the development of new residential areas. The city's strategic location and its status as a major tourist destination are additional factors contributing to the positive trend in the housing market.
Despite the challenges posed by the pandemic, the resilience of the Jaipur real estate market is evident. Homebuyers are increasingly looking for properties that offer a higher quality of life, and Jaipur is meeting this demand with its well-planned developments and robust infrastructure.
In conclusion, the future of Jaipur's housing market looks promising, with experts predicting continued growth and stability. For potential buyers and investors, the current market conditions present a favorable opportunity to invest in the city's growing real estate sector.
Frequently Asked Questions
What is the National Housing Bank's Residex index?
The National Housing Bank's Residex index is a tool that measures the changes in housing prices over time. It uses a base year of 2017-18 with a point of 100 to track the rise and fall in housing prices across various cities in India.
How has the housing market in Jaipur been affected by the pandemic?
The housing market in Jaipur experienced a temporary dip during the pandemic years. However, it has since recovered strongly, with housing prices on a steady rise.
What factors are contributing to the rise in housing prices in Jaipur?
Several factors are contributing to the rise in housing prices in Jaipur, including improved infrastructure, better living conditions, increased demand from buyers, and government initiatives to boost the real estate sector.
How does Bhiwadi's housing market compare to Jaipur's?
Bhiwadi, another city in Rajasthan, has seen a decline in housing prices due to issues such as pollution, traffic, and overcrowding. In contrast, Jaipur has better infrastructure and living conditions, leading to a rise in housing prices.
What is the future outlook for Jaipur's housing market?
The future outlook for Jaipur's housing market is positive, with experts predicting continued growth and stability. The city's well-planned developments and robust infrastructure are expected to attract more homebuyers and investors.
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