Witnessing A Huge Demand For The Properties In Real Estate Lucknow

In the real estate sector, Lucknow has been seen to draw a large number of attention for the investment in the real estate

. Either be the apartments, retail space, independent houses or the builder floors, the city Lucknow has been considered to be the booming city by offering world class commercial and residential property.

After the certain cities of Noida, Greater Noida as well as the Yamuna Expressway, the Lucknow city has been seen to be expected an unpredictable growth in the realty sector. This city comes under the tier II cities and hence has become the next destinations for the realty sectors.

Being the most promising city, the demand and the supply for the residential property in Lucknow are on the highest pace. Certain report suggests that the capital values of the apartments have an average escalation of approx 10-15% across the city. According to the Atul Mishra of Property Mart, with the growing demand of the property in Lucknow have resulted the emergence of the suburbs like Sitapur Road, Faiz Road as well as Gomti nagar opening the new corridors of the growth. Apart from that, the influx of various IT companies, Small and medium enterprise industries, infrastructure development as well as well as affordable property values.

With the successful launch of residential projects in the city number of prominent builders in Lucknow that have launched their successful projects over here are Parsvanath, Ansals, Unitech and Jaypee. The Ansal Properties & Infrastructure is planning to launch a big township project in this city providing 70.000 units. Currently the company is developing Sushant Golf City a 3,500 acre township in Lucknow.

Most of the upcoming real estate Lucknow projects are basically targeted to the middle as well as the high-middle class people. Number of Public-Private as well as redevelopment projects are coming up in the premium locations of the city including Tilak Margh, Janakipuram and Aish Bagh. The infrastructure development for the properties in Lucknow is not only restricted to the main city and suburbs, but is also flourishing along the Highways that connect Lucknow to other destinations. According to Sharad Sharma of Mangalam Properties, the realty segment of Lucknow has seen to have an appreciation of 10-15% during the month of January to April

The commercial property in Lucknow have been observed to have a relatively decrease of allocation from 3.51 to 3.11%. In 2005, the allocation of land was 15.72%, which has been increased to 18.83%. There is higher allocation of land for the office space which ranges from 1.24 to 1.30%, but there is slight reduction in the land allocation for the public facilities that goes from 6.65% to 6.31%.

The properties in Lucknow came into existence due to number of factors, and the prime reason is the education and the commercial hub. The city Lucknow is comprised with various features which make it sufficient enough to make a hot and favorite destinations for everyone. This city consists of various tourist attraction as well as architectural monuments like Asafi Imambara, British residency, Shah Najaf and Chota Imambara. Investing in the property in Lucknow ensures to benefit you tremendously.

by: Rajni

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