Why Jaipur Is India’s Hottest Property Market Among Tier-2 Cities

Jaipur: As metros see stagnation, tier-2 cities are fast becoming the go-to destinations for Indian homebuyers—and Jaipur is leading the charge. According to the latest Housing Price Index released by the National Housing Bank, Jaipur recorded a 7.69% surge in average property prices in 2024, significantly outperforming major cities like Delhi (0.9%), Mumbai (6.19%), and Chennai (0.81%).

Jaipur’s housing index jumped from 130 in December 2023 to 140 by the end of 2024, placing it at 27th position among 50 cities surveyed for average property price growth.

Experts attribute this spike to a growing preference for tier-2 cities, where land remains relatively affordable, enabling developers to offer cost-effective housing options. The Pink City is witnessing robust traction, not only from end-users but also from investors betting on better returns and superior lifestyle offerings at lower costs.

“People are moving beyond metros, looking for better value, and Jaipur is ticking all the boxes—affordability, infrastructure, and quality of life,” said a local real estate consultant.

The National Housing Bank’s index includes 50 cities across India, covering tier-1, tier-2, and tier-3 categories. Analysts say cities like Jaipur, Indore, Lucknow, Coimbatore, Surat, and Bhopal have emerged as realty growth engines, especially in North and Central India.