Real Estate Lucknow Becoming One Of The Remunerative Investment Options In Up

Lucknow is known to be the capital of Uttar Pradesh and is popularly designated as the City of Nawabs'

. This city is famous for its beautiful gardens, poetry, courtly manners, music, and fine cuisines and has a high historical and cultural importance. The city is enriched with architectural heritage and is witnessing major developments across all the sectors at a fast pace. As this city has been ranked among the top ten fastest growing tier-II cities of India, it is quickly evolving as a real estate destination.

In the past few years this city has witnessed a massive growth in the real estate sector. With its wide roads, multiplexes, flyovers, as well as commercial centers has won accolades from the bigwigs in the construction industry. This city is seen to be in high demand and is expected that it will take over as a leading real estate hub within a short period of time. The unprecedented growth for housing has proved progressive for Lucknow and has thus transformed it into an upcoming metropolitan city.

Due to the presence of the several special features the properties in Lucknow has become the hot spot destination for everyone. The city is highly maintained by Lucknow Municipal Corporation. As this city has become visitors attractions in terms of historical importance including British Residency, Shah Najaf, Asafi Imambara etc, the real estate Lucknow are on the highest demand. Other advantage for residing in this city is that it has excellent connectivity to rail services.

The properties in Lucknow has become one of the remunerative investment options in Uttar Pradesh and this is due to the fact of the best commercial and residential investment opportunities. Hence due to famous manufacturing, commercial as well as retailing hub, enormous number of individual are seen to be migrating to this city. Eminent builders who have launched number of residential projects in Lucknow includes Sahara, Ansal API, Eldeco, Omaxe, etc. Hence this has been seen a steep rise in the graph of the properties in Lucknow.

Certain recorded data suggests that the development of the residential projects in Lucknow is not only restricted to the suburban region, but is also effective in the main city, highways too. Sharad Sharma of Manglam properties said that the city Lucknow received a tremendous appreciation of 10-15% during the month of January to April. He also depicted that the city is also enjoying with an array of new properties in Lucknow in commercial, residential and retail sector. Recorded data states that during the past six months, the city Lucknow has seen to have increase in transactions by 20-25%. The rise in infrastructure in real estate in Lucknow that has mostly benefited the localities are Gomti Nagar, Mahanagar, Jankipuram and Indiranagar.

A K Mishra, a property consultant suggests that among the residential projects in Lucknow, the apartments are on the highest demand. DLF Garden City, Akshay Homes, Golf Vista,Lakshya Heights etc are some of the newly launched properties in Lucknow. These real estate Lucknow projects are seen to be launched in the outskirts of the city and is swinging with the price range of Rs 1,900 to Rs 2,500 per sq ft.The project is blessed with number of entertainment and recreational facilities. Apart of these, this project has an excellent location advantage having Gomti Nagar on one side and airport on the other.

by: Rajni

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