Real Estate Prospects in Ajmer

Ajmer, A popular pilgrimage and educational centre lies on the Delhi–Ahmedabad-Mumbai route, 135 kms from Jaipur. Apart from the tourist attractions Ajmer itself has to offer, it is a base for pilgrims and foreigners visiting Pushkar.Tourism has driven the development of real estate in Ajmer, and commercial property has prospered with the hotel industry. The Mansingh Palace is Ajmer’s 3 star business and leisure heritage hotel in a fortress. Ajmer’s landmark, the Dargah Khwaja Sahib is one of the holiest shrines and is revered by all sects, attracting an average of 1.25 lakh pilgrims everyday.

The Urban Development and Housing Ministry of the Rajasthan government has submitted a detailed plan to improve on the civic services in the twin religious cities of Ajmer and Pushkar under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). An Asian Bank Development Project will also make investments to improve the infrastructure for tourists to Ajmer and Pushkar as part of its Rs. 1,750 crore urban tourism development plan.

Real Estate Projects in Ajmer

Residential Property in Ajmer: The city development plan for Ajmer and Pushkar has advocated the creation of new housing stock through active participation of private property developers.

Accordingly, Ajmer is moving towards modern townships too as real estate development grips Rajasthan. Delhi-based real estate developer Ansal Properties & Infrastructure Ltd has a grand project in place for the alluring city of Ajmer. The project ‘Sushant City’ will spread over 125 acres in a pollution free environment 12 kms from the heart of the town on Jaipur Road.

The accent is on a modern township amidst an enchanting landscape with facilities that match the best in the country. Within the township, a luxury hotel, a shopping mall with branded retail chain stores, multi-cuisine restaurants and food courts, leisure and entertainment avenues, recreational facilities, health centre, and educational facilities will be provided for.

The Era Group and Omaxe Limited have also evinced interest in setting up mega residential projects in Ajmer. The highway to Jaipur is developing into a major hub for commercial activity, and prospects for property appreciation on this stretch are bright.

Commercial Property in Ajmer: Of the latest commercial projects in Ajmer, the proposed Ansal Plaza will be located on the proposed 6 lane Expressway between Kishan Garh and Ajmer Collectorate. Close to the famous Mayo College, the Plaza aims to tap the highway traffic on its way to the city and the Dargah.

Spread over 3 lakh sq.ft, and a 5 acre amusement park, a hotel within the premises with a capacity of 50 -60 rooms will also be integrated within the project.

Parsvnath has put up 2 proposals for Special Economic Zones (SEZ) in proximity to Ajmer – one on the Ajmer-Beawar Road, and another on the Ajmer-Jaipur Road. Both would specialize in Gems and Jewellery. Once approved and functioning, real estate development around Ajmer would spring into activity around these zones.

The JNNURM has proposed the following construction projects in Ajmer: Construction of indoor / outdoor stadium at Prithviraj Chauhan, Khel Nagar; upgrading of Patel stadium into an International Stadium, development of Subhash Park and the Topdarah Khel Maidan

The government of Rajasthan, in its endeavor to promote a scientific temper, has selected Ajmer as one of the 4 locations in the state for a Science Park. The Park will function as a science information and interactive learning centre.

The active promotion of residential and commercial property development in Ajmer by the State Government and the local Municipal Council is evident, and investors could reap the rewards of long term returns on low investment property options surfacing in the city presently.