Pricing Value Of Real Estate Property Escalating High With The Amelioration In Cities

Lucknow is considered to be the hub of education as well as research

. Many premier institutions and universities are located in and around city. The city has housed many universities, Engineering Colleges, Medical Colleges, Management Institutes, Research Institutes and Schools. Private coaching institutions for preparing aspirants of competitive exams and services is regarded as another business that is seen to be highly flourishing in this city. This city is considered to be the capital of UP and is famous with the name of City of Nawabs". It has rich architectural heritage with great historical significance. Due to the development especially in the real estate, the city is considered to draw a huge number of attention in terms of real estate investment.

Being ranked as th among all the cities in India for fastest job-creation, this city is not only a major market and trading city in Northern India, but is also recognized an emerging nucleus for producers of goods and services. Over the last 2-3 years, the Lucknow real estate market has gained impetus. Being supplemented by proactive policies of the state government, the city offers substantial potential for future growth. In order to develop this city, Lucknow Development Authority (LDA) has taken active initiative. In order to support future growth and development in the city, proper planning of the city's infrastructure and of amenities and utilities is being done.

Be it the apartments, retail space, independent houses etc, the real estate companies in Lucknow is thereby gaining tremendous fame in order to offer unpredictable growth. Hence, these developers have made this city an ultimate destination for launching most successful projects. As this city has become one of promising city the demand and the supply for the residential projects in Lucknow are seen to reach its climax. The capital values of the apartments have seen to have an average escalation of approx 10 to 15% across the city. According to the Atul Mishra of the Property Mart who suggested that with the increase in demand of the property in Lucknow, the suburbs region like Faiz Road, Gomti nagar, and Sitapur Road have seen to open the new corridors of the growth. Due to the huge influx of number of IT companies, infrastructural development and enterprise industries, the residential projects in Lucknow are seen to be available at much affordable price.

Omaxe, Eldeco, Ansal, Southcity, Sahara etc are some of the well known real estate companies in Lucknow who have launched major township projects in the real estate are on both sides of Usman Enclave, Alambagh, RDSO Colony, Hazratganj, etc.The entry of enormous number of national level developers as well as retail brands in the city points towards the positive outlook for the city. According to Knight Frank research, commercial activity in Lucknow including retail and office sector is being concentrated in and around Hazratganj. Due to the successful launch of residential project in Lucknow, number of builders have been seen to launch their projects successfully. Some of the well known real estate companies in Lucknow who have highly been highly benefitted are Unitech, Parsvanath, Ansals etc. With the availability of 70,000 units, one of the renowned developer, The Ansal Properties & Infrastructure is thus planning to launch a big township project.

Since 1975, the Eldeco Group has been at the forefront of Real Estate development in North India. The group is synonymous with timely and quality delivery in a number of cities like Lucknow, Agra, Kanpur, Noida, Neemrana, Greater Noida and NCR of Delhi. With more than 35 years of experience in construction and real estate development Eldeco has delivered more than 175 projects that spans high-rise condominiums, townships, townhouses, malls and office complexes. Some of the residential projects launched by this developer are Eldeco Magnolia Park, Eldeco The Klasse, Eldeco The Studio, Eldeco Citadel, Eldeco Mansionz.

by: proptiger11

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