Jaipur Housing Market Sales Rise 5% as Sales Value Surges 39% in 2024

Over the past year, the Jaipur housing market has noticed a noticeable shift. According to a recent report by  PropEquity, Jaipur's housing market saw a 5% increase in sales and a 39% surge in total sales value in 2024, indicating strong demand for higher-priced properties, according to a report by PropEquity. The city also recorded the highest rise in the weighted average price of new launch projects among North Indian cities, with a 65% jump from ₹4,240 per sq. ft. to ₹6,979 per sq. ft. between 2023 and October 2024., the total value of home sales surged dramatically, even if the number of properties sold increased little. This trend implies that buyers are making investments in more costly real estate, which is indicative of changes in the market. This notable discrepancy between sales volume and financial value points to a significant shift in the residential real estate market in Jaipur.

Speaking about the same, Amrita Gupta, Director of Mangalam Group commented, "The Jaipur real estate market has seen significant growth in recent years, and the latest data reaffirms its growing potential. A 5% rise in housing sales, coupled with a 39% jump in sales value, underscores the city’s increasing demand.  Tier-2 cities like Jaipur are emerging as dynamic real estate destinations, and 2025 is poised to be an even stronger year. The city's transformation is being driven by strategic urban expansion, economic diversification, and a growing influx of high-net-worth individuals. The luxury housing segment, in particular, is thriving, fueled by rising aspirations and increased investor confidence. Jaipur is no longer just an affordable alternative to metros—it is a vibrant, self-sustaining market attracting discerning buyers seeking premium living experiences. With upcoming commercial hubs, smart city initiatives, and a surge in high-end developments, the city is set to redefine modern living in the coming years," 

The Appeal of Premium Living 

The report shared by PropEquity extended beyond Jaipur to examine housing trends across numerous significant tier-II cities throughout India. This broader assessment revealed a consistent pattern of growth, with overall home purchases showing a modest increase while financial values demonstrated more substantial gains. The data suggests this phenomenon is not isolated to Jaipur but reflects a wider market shift occurring across diverse urban centers nationwide.

The research encompassed an extensive range of cities spanning different regions of India, from western industrial hubs to eastern coastal areas and southern metropolitan centers. These findings underscore the continuing expansion of India's residential property market, particularly highlighting how buyer preferences are evolving toward higher-value homes. This trend appears consistent across both major metropolitan areas and emerging urban centers, indicating a fundamental transformation in the country's real estate landscape.