According to an EY report, Jaipur will rise to become a metro, given the fact that it will have Rs. 800 billion household incomes in 2018. EY’s report is titled ‘India’s growth paradigm: How markets beyond metros have transformed’. The other city expected to grow into a metro is Surat, as per the report.
Jaipur is projected to record real GDP growth of 10.3% from the year 2015-20, as compared to 8.3% of other metros. According to Ashish Pherwani, Media and Entertainment Advisory Leader, EY, non-metros like Jaipur provide a huge opportunity for investments across different sectors.
You can avail quick business loans in Jaipur from NBFCs such as Bajaj Finserv, to ride the wave of growth.
Connectivity and real estate are the defining pillars of any city which wants to be a strong contender for an investment destination.
Jaipur is included in the list of smart cities under the Smart Cities Mission. It is the first ‘Lighthouse City of South Asia’ and has joined the elite club of other cities such as Hamburg, Adelaide, and Barcelona. Some of the aspects of CISCO’s Lighthouse City initiative are Wi-Fi hotspots, video surveillance, IT-enabled services, remote e-governance solutions, and parking management systems in Jaipur city.
Jaipur is well connected to the major cities of India by road, rail, and air. Various socio-infrastructural projects have started in Jaipur to give it an edge, in terms of connectivity. Some of these are Jaipur Metro, Rapid Transit Rail project, Ring Road, Mahindra’s 3,000-acre Special Economic Zone, and Reliance Mega City development plan. Delhi-Jaipur 225-km express highway is another feather in the infrastructural cap.
According to the Mangalam Group, a population of 10 million persons over an area of about 800 sq. km. provides for booming real estate market to invest in. The expected investment is a monumental USD 2 billion.
As per the data provided by Colliers International India, the residential property price per sq. ft. as on March 2017 was Rs. 3000 – Rs. 10,200.
Loan for business – Key Domains In Jaipur
Jaipur is emerging as a favourable healthcare and IT/ITES destination.
There are 12 types of small scale industry clusters in Jaipur, such as hand-loom, agriculture implements, blue pottery, hand block printing, marble sculpture, etc. running in 38 villages. 79 varieties of minerals span across about 77 villages.
Some of the items manufactured are electrical appliances and electronics, marble statues, ceramics, ball bearings, and more.
The city is the largest centre for the export of coloured gemstones, sterling silver jewellery, engineering goods, handicrafts, marble and stone artefacts, apparel, and so on.
The Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 enables a single point digital interface, which helps to reduce the time and effort involved in seeking clearances and approvals. Business people in any of these domains can get quick business loans in Jaipur.
Grow Your Small Business In Jaipur With Small Business Loan
Flexi Loans For Business
Flexi loans are available at nominal business loan interest rates. These small business loans can be withdrawn as per the need from a flexi loan limit. In traditional term loans, the interest is applicable on the whole loan amount. However, in a flexi loan limit, calculate business loan interest rates is on the borrowed money and not the whole loan limit.
The interest-only flexi loan further reduces the loan EMI as you are required to pay only the interest component as your EMI. You can pay the principal at the end of the loan tenor.
Bajaj Finserv invites businesses in Jaipur to avail quick business loans up to Rs. 30 lakh. Connect with them to know more.