5 Reasons Why Location Matters the Most in Real Estate

1. 5 Reasons Why Location 5 Reasons Why Location Matters Matters the the Most in Most in Real Estate Real Estate In the last decade, Jaipur has quickly grown into a metropolis faced with its unique set of challenges ranging from transportation to pollution. One equally important challenge for the city has been a rapid increase in its population. Since 2015 the city’s population has grown by 386,135 which is more than what Jaipur’s total population actually was in 1950. As such, there is an urgent need for an effective housing solution for city dwellers and Residential Project in Jaipur are spewing up across the Pink City reshaping the landscape for a more modern avatar. These residential projects while offering better nesting solution to Jaipurites also offer an equally attractive investment opportunity. Search Location for Residential luxury Flats The current property market trends in Jaipur indicate that the real estate price is on the ascendency with 60 localities being identified as top performers. Flats on JLN Marg have witnessed a 23.8% increase in price. Location is a key determinant in the rise and fall residential flats price.

2. Here are 5 key reasons why location for residential and industrial Projects matters: • Price/Rent Ratio: If there was one green signal that you wish you had before buying a residential flat it is the price/rent ratio. Price and Loan rates must not be the only talking point while deciding on your property investment, it is equally imperative to do the math on the rent/ratio. A price/rent ration less than 15 means that it is financially favorable to buy the property. The average rental yield in Jaipur is 3.69 percent which is better than other metro cities. Rental yield is a good measure of the annual income that the property can generate for its owners in comparison to its value. Rental yields are ideal for determining the future potential of the property. • Area’s Economy: We have all heard about China’s ghost cities and the reason why they exist is because of a lack of sustainable business opportunities in these areas. Transportation, drinking water availability play a key role in determining business frequency which in turn depend particularly on the area’s location. A location which witnesses incremental job growth will see a proportional increase in local business which further reflects on the property and rent cost. • Convenience with Connection: Property buyers prefer a location which offers key lifestyle benefits like easy accessibility to hospitals, schools, and shopping centers as well as offers easy entertainment and recreational solutions. Also, the millennial are driven by experience and desire smart conveniences ranging from yoga classes to cooking classes. As such locations that provide these chores with ease are the preferred choice for home buyers these days. Further, these conveniences add up to the future value of the residential project.

3. • Desirability: Location plays a key role in determining the desirability of a residential property. A location that offers fresh air is always on top of people’s preference list. Some residential projects in Jaipur offer a natural ambiance to the residents which are hard to ignore. Greener locations with efficient waste disposal solutions go a long way in adding to the desirability factor for a residential property. For who doesn’t desire to live in a location that still offers a refreshing morning and a soothing evening to its residents? • Socio-Economic Factors: Most people also pay equal importance to socio-economic factors like neighborhood lifestyle, population, the crime rate in the area, rent-income ratio etc. while zeroing on a residential property. Today, residential projects keep track of these factors so that they cater to the needs of the varying demographics. Residential Project in Jaipur offer Flats on JLN Marg, Jaipur at price as low as ₹ 1.05 lakhs and the average price for a property is ₹ 64.07 laces. The above are just some of the key roles location plays in adding substantial value to a residential property. It is an accepted norm that location and profitability in real estate are directly proportional. Location drives all other values attached to the residential property like facilities, safety, water, air quality, entertainment, transport and communication, healthcare, etc. The Indian real estate sector has been in a price correction mode in the past year or so. It is now favorable to invest or buy a property that has witnessed value growth despite the course corrections. For decades now home buyers have purely relied on location while taking a final call on a particular residential or commercial property. The trend will continue in the future too as a closer look at the location answers a lot of difficult questions for the buyers with minimum research or effort.