Diggi Road, Jaipur, Rajasthan
51.4%
Asset CAGR
2.8x
Buying Alpha
36Mos
Vintage
1. The Investment Thesis
"Capturing the "Outer Ring" expansion of Jaipur by securing high-utility residential inventory on the high-growth Diggi Road corridor."
In 2023, we identified Hanuman Vatika as a prime "buy-and-hold" opportunity within Jaipur's southern expansion zone. The Diggi Road micro-market was experiencing a shift from speculative land trading to genuine residential end-use. By consolidating a 3,079 sq yd position (3 plots) in a single transaction, we secured a bulk-purchase advantage at ₹12,500 per sq yd. Our thesis focused on the "Catch-up Effect"—where established infrastructure in neighboring sectors would inevitably drive a price correction upward in Hanuman Vatika as residential society maturity increased.
2. Valuation Bridge
| Line Item | Amount (PER SQ FT) | Notes |
|---|---|---|
| Land Acquisition | ₹1,388.89 | Bulk purchase of 3,079 sq yds at ₹12,500/sq yd. |
| Technical Construction | ₹111.11 | Boundary walling and internal plot demarcation. |
| Approvals & Liaising | ₹55.56 | Society transfer fees and regulatory documentation. |
| Total Cost Basis | ₹1,555.56 | The total "all-in" capital deployed per square foot. |
| Buying Alpha | ₹2,333.33 | Value generated via Diggi Road infrastructure maturity. |
| Current Valuation | ₹3,888.89 | Current market price derived from ₹35,000/sq yd. |
"The challenge with Hanuman Vatika wasn't the location; it was the fragmented ownership. Most buyers were picking up single plots, which gave them no leverage over the local market price. We took a different route by executing a '1-Transaction' strategy for 3 contiguous plots (3,079 sq yds). Initially, the market felt slow as the Diggi Road infrastructure was still in its 'dusty' phase, and we wondered if we had entered six months too early. However, by holding the largest consolidated block in that specific pocket, we became the price-makers when residential demand finally surged in late 2024. This taught us that in Jaipur’s periphery, volume is your best protection against market volatility."
— Aurvind Raj, Chief Operating Officer
Execution Timeline
Jan 2023
Strategic Acquisition
Consolidated 3 plots totaling 3,079 sq yds in Hanuman Vatika for ₹12,500 per sq yd.
Jun 2023
Securing the Perimeter
Completed boundary work and secured the land as a high-conviction "Property Bank" asset.
Sep 2023
Market Inflection
Diggi Road expansion projects neared completion, triggering a surge in residential society inquiries.
Feb 2026
Present Valuation
Holding position at a current market valuation of ₹35,000 per sq yd, reflecting a 180% appreciation.