Best Residential Areas to Buy a 2,3 BHK Apartment in Lucknow

A good neighbour increases your property value. – Czech Proverb

That’s just how simply one can summarize the importance of a good neighbour and neighbourhood while selecting one’s home. To start with, you have to finalize a 2,3 BHK Flats in Lucknow based on budget, the amenities suiting your work and family requirements like carpet area, modern features, facilities provided by the society etc. Then you have to research the best residential neighbourhood to buy such property in.

The Major Factors affecting the selection of a 2,3 BHK flat in Lucknow that you must be aware of are –

• The heritage value of the residential area. The architectural and historical significance of certain areas has been the major factor amplifying realty prices in Lucknow.
• The newly constructed metro line spanning a distance of 22.87 km with 21 state-of-the-art stations that provide rapid transport to commuters is a big draw for potential property buyers.
• Development of SEZ areas like IT city has generated opportunities for the creation of upcoming urban areas catering to the ever-increasing workforce.
• The creation of bridges, expressways and the development of Highways across the river Gomti has led to the development of the Gomti Nagar extension and Phase I and Phase II as potential residential hubs.
• The presence of top educational institutions like IIM Lucknow, and IIIT Lucknow have also added value by creating safer and well-planned neighbourhoods.
• Catering to the urban sprawl by providing well-curated civic infrastructure and good roads and transport is also a decisive reason for the development of a habitable and preferred residential space.

 After getting a general idea of the major factors you have to analyze the property keeping in mind the following questions-

1. Is it an upcoming property in a developed area?
2. Is it a developed property in a developed area?
3. Is it a developed property in an upcoming area?
4. Is it an upcoming property in an upcoming area?

The Most Developed Residential Areas of Lucknow:

These are the areas that have stood out as the most valued and highly-priced real estate investments. The heritage value, presence of a functional metro line connecting important junctions, proximity to major market areas Lekhraj market and Bhootnath market, and other upscale neighbourhoods, and large-scale commercial activities are some factors making them the Crème De la Crème when it comes to realty investment. The top 5 among them are -

• Hazratganj
• Gomti Nagar
• Indira nagar
• Mahanagar and
• Aliganj

For Ready to Move in Premises-

Most of these areas do not offer much scope for new projects and property is thus available mainly through the resale channel. 
Upcoming premium 2,3 BHK apartments in Lucknow in the developed influential areas of the wealthy are available from 58 lakhs to 1.5 Cr with possessions being rolled out in subsequent years.
Upcoming areas around Lucknow:
The increasing urban population constantly calls for the fast development of new residential and commercial spaces. Some of these upcoming areas are curated projects keeping in mind the urban requirement of the globetrotting individual planning to settle in Lucknow with decent facilities; others are middle-income neighbourhoods catering to the residential requirements of an average client. The following is a list of upcoming areas:

• Sushant Golf City
• Indira Nagar
• Dewa Road
• Raebareli Road
• Sarojini Nagar
• Vrindavan Yojna
• Amar Shaheed Path
• Kursi Road

  The property prices range for-

A)   New launching 2,3 BHK apartments in these upcoming areas- 50 L onwards
B)   Developed 2,3 BHK properties in the premium and luxury category in the upcoming area - 70 L to 1. 5 Cr.

It is by analysing with clarity the most suitable permutation that best fits one’s budget; is when one can decide on the residential area of choice. With a residential property investment, one is in for a long haul and thus it should be a well-researched and well-thought-out choice. The pointers will definitely brush your acumen with the basic reality sector topography of Lucknow and give you a feel of what you are up for while buying your destined home. As is said, chance favours the prepared mind.