news.gurgaon-properties.com

Because of rising land costs in Jaipur, the real estate focus has already shifted to peripheral areas. However, this has only been true to real estate developers and not from the end users themselves.

According to a Narvik Nirman employee Vivek Jain, there are a lot of developers launching township projects but the one making speculative investments are mainly investors rather than the end user. Peripheral areas usually lack infrastructure facilities and connectivity. For the middle income group, it is very difficult to choose between the periphery and the city because they cannot afford a car to travel long distances like the upper income group.

This entry was posted on Thursday, April 10th, 2008 at 11:29 am and is filed under India. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.