The City Of Nawabs Lucknow Gaining Laurels In Residential Projects

Lucknow, the City of Nawabs is considered to be the capital of UP

. This city has been seen to attract number of the people in order to invest especially in the real estate segment. Being listed among the tier II cities it has become the next major destination for the realty sectors. As this city is famous for offering world class of commercial as well as residential property which comprises of independent house, apartments, retail spaces etc, the city Lucknow is thus seen to be flourishing day by day. You will find over here music, poetry, fine cuisines, beautiful gardens etc which adds the historical and cultural importance. Witnessing the major development across all the sectors, Lucknow is seen to become the architectural heritage. Being ranked among the top ten fastest growing city, it is becoming the desirable real estate destination.

Within the few years the city Lucknow has seen to have a massive growth in the realty sectors after the cities of Noida, Greater Noida and Yamuna expressway. In a very short time span, this city is expected to increase tremendously and has thus become the leading real estate hub. Apart from all these, this city possess an excellent civic administration being monitored by the Lucknow Municipal Corporation. This organization is known to manage the top class of management thereby managing the day to day affairs of the city. With the historical importance you can find over here number of architectural monuments like Chota Imambara, British Residency, Asafi Imambara, etc.

Being recognized as the promising city, the demand for the Lucknow real estate is seen to be increasing at the fastest pace. The capital values for the apartments in Lucknow are gaining the escalation of approx 10-15% across the city. According to the Atul Mishra of Property Mart, certain suburbs like Faiz and Sitapur road and Gomti Nagar are seen to be emerging as the demand for the property in Lucknow are increasing significantly. as a matter of fact, number of builders are getting benefited with the successful launch of the residential projects in Lucknow. And those who are leading on the top of the list are Omaxe, Ansal, Jaypee, Parsvanath, Sahara, and Uppal Group. These developers has come up with their some of the new developments in the outskirts of Naya Hyderabad, Meera Nagar as well as Gomti Nagar. The Ansal Properties & Infrastructure has planned to launch a big township of Lucknow project with the availability of of 70,000 units.

Parsvnath Planet, Parsvnath Planet Plaza. etc are known among the successfully planned residential apartments in Lucknow which is having all the necessary features right at your footstep. They all are designed using the concept of providing marvelous lifestyle along with the luxurious air conditioned home. In order to provide with the vant garde projects, the real estate builders are basically targeting the middle as well as the high-middle class people and based on that most of the upcoming residential projects in Lucknow are launched. Among the certain location, Tilak Marg, Jankipuram and Aish Bagh are considered to be the premium one where enormous number of Public-Private as well as redevelopment projects were seen to be flourishing. Sharad Sharma of Mangalam Properties states that during the month of January to April, the residential projects in Lucknow has seen to have an appreciation of 10-15%.

by: Rajni

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