Overview of Mansarovar Extension, Jaipur

Location and Connectivity

• Mansarovar Extension is a mid-segment locality in Jaipur, Rajasthan.
• It’s well-linked via major roads like Iskcon Road and NH-52. These routes facilitate easy access to Sanganer, Jaipur Airport, and Narayana Vihar.
• Durgapura metro station is the nearest metro station, located about 4.5 km away.
• Industrial zones like Sitapur and RIICO are within a 14 km radius. The STPI IT hub is around 12 km away via New Sanganer Road.

Property Prices

• Starting property prices in Mansarovar Extension are about Rs. 2,857 per sqft, with an average price hitting Rs. 4,151 per sqft.
• Property prices vary from Rs. 2,857 to Rs. 5,990 per sqft.
• For specific property types:
  • Average apartment prices: Rs. 4,050 per sqft.
  • Builder Floors prices: Rs. 3,500 to Rs. 6,100 per sqft.
  • Land prices: Rs. 4,800 to Rs. 7,200 per sqft.

Price Trends

• Over the past year, property rates in Mansarovar Extension rose by 9.5%.
• Prices appreciated by 44.6% over three years and by 39.7% over five years.
• High YOY appreciation, such as Parth Residency 2 with a 42.2% increase.

Types of Properties

• This area offers various properties, including apartments, villas, and land parcels.
• More than 396 properties are for sale, and around 77 are for rent.
• New ready-to-move housing societies: Urbana Jewels, Shree Shakambhari Kohinoor Residency, and Smart Royal Divine.

Rental Insights

• Monthly rental values average ₹9,600 to ₹22,200.
• For specific configurations:
  • 2 BHK flats: ₹5,500 to ₹25,000 per month.
  • 3 BHK flats: ₹13,000 to ₹42,000 per month.
• More than 30 rental flats available without brokerage options.

Amenities and Infrastructure

• The locality offers good public transport and cab/auto availability.
• Nearby metro connectivity exists.
• Challenges include frequent power cuts and parking space shortages.
• The area is close to nature, with a pleasant ambiance, several hospitals, and other amenities nearby.

Pros and Cons

Pros:

• Good public transport and connectivity.
• Presence of metro stations and key roads.
• Steady growth in facilities and job opportunities.
• Ample ready apartments, villas, and land parcels.
• New housing societies and projects emerging.

Cons:

• Frequent power cuts.
• Insufficient parking.
• Lack of street lights on some streets, making night commutes problematic.

PropertyWala's Insight

Mansarovar Extension, Jaipur, stands out as a promising opportunity for both buyers and renters. Offering a balanced mix of affordability, connectivity, and infrastructure, it remains an attractive choice. Residents should note occasional power cuts and parking difficulties. Price appreciation and new developments indicate potential for long-term growth and convenience, making it a viable residential area choice.