Submitted by: Rajeev Kapoor
Lucknow, which is synonymous with rich culture, history, arts and music, is slowly becoming an important hub of commerce, technology, pharmaceuticals, finance, education and real estate. The city which is also referred to as Constantinople of the East for the remarkable domes and arches of its Nawabi-era monuments that bear resemblance to the historical monuments of present-day Istanbul is witnessing significant growth and development in all the sectors, especially real estate in the past few years. The booming real estate in Lucknow has been drawing the attention of real estate companies to launch their housing projects in upcoming areas of the city, which is attracting NRIs, investors and customers to buy residential property in Lucknow for higher return on investment and top class infrastructure, healthcare, education and employment opportunities that the City of Nawabs has to offer.
Why Property Investment in Lucknow is a Good Option?
1) Extensive Development Plans by Uttar Pradesh Government Of late, the U.P. Govt. has initiated several infrastructure and development projects in the city such as Lucknow-Agra Expressway, Lucknow Metro, International Cricket Stadium, IT City, Cancer Research Institute, bridges, flyovers, subways and multilevel parking lots. All these developments would strengthen Lucknow real estate, particularly apartments in Lucknow.
2) All-round Development of Upcoming Localities Upcoming areas of the city such as Gomti Nagar, Gomti Nagar Extension, Vrindavan Yojna, Jankipuram, along with connecting highways like Raebareli Road, Faizabad Road and Kanpur Road are witnessing rapid development over the last few years. Vibhuti Khand and Vipin Khand in Gomti Nagar have become the commercial and IT hubs of Lucknow, while Vrindavan Yojna in Gomti Nagar Extension is home to several quality residential projects being built by top real estate builders in Lucknow.
3) Innovation by Real Estate Developers In order to provide superior architecture, spacious and airy rooms and world class amenities, real estate developers in Lucknow are trying new features and methods in the construction of apartments and flats. Therefore, new residential properties in Lucknow are laced with landscape garden, swimming pool, gym, clubhouse, kids play arena, parking lot, round-the-clock water and electricity supply, hi-tech security features, and more. All these features and amenities along with unique architectural designs augment the overall ambience of the residential property. Buyers really look forward to book a flat in these housing projects to live a comfortable, enjoyable and luxurious lifestyle, and at the same time, to acquire best returns.
4) Proximity to Schools, Hospitals & Banks Upcoming housing projects in Lucknow, especially in and around Amar Shaheed Path, Vrindavan Yojna, Raebareli Road and Faizabad Road are being constructed in close proximity to educational institutes, healthcare centres, shopping malls, banks and public transport, thus increasing their market value and providing convenience to the residents.
In the years to come, real estate market in Lucknow will get to see more developments. These developments would bring high gains for the people who will invest prudently, thus purchasing flats in Lucknow would be the best option now, which are reasonably priced when compared with apartments in New Delhi, Mumbai or Chennai.
About the Author: Rajeev is sales and marketing consultant at Azea Botanica, an upcoming residential real estate project in Lucknow being developed by Azeagaia Development Pvt. Ltd. at Vrindavan Yojna, Raebareli Road. The project is promoted by Singapore-based companies through foreign direct investment. To know more about Azea Botanica, please visit