Buying A House In Lucknow? Keep This In Mind!

Buying a house is always a crucial decision. And if you are looking to buy a home in a city, there are many aspects you must consider before putting all your hard earned money into it. A result of your entire life’s toil, the thought of buying a house can be extremely daunting, especially if one is looking to buy in a developing city like Lucknow.

Lucknow, the city of Nawabs as it is popularly and rightly known as, has been the epitome of culture, age old charm and tradition throughout history.  While we may still feel the warmth and the old essence in Lucknow, the transformation in terms of infrastructural development that the city has undergone is awestriking.  Through these developments, Lucknow has emerged as the hotspot of some of the best real estate housing projects, also making it an ideal city for buying property today. But every place comes with its set of idiosyncrasies. Some things you must consider when purchasing a property in Lucknow are- 

1. The budget

2. The credibility of the builder

3. The connectivity of the area

4. The location

5. The cost of living 

So, let us delve into all these factors in detail to help you make the best decision in buying a property in Lucknow. 

Pick Your Kind, But Keep Budget In Mind!

We all would love to live life king size, wouldn’t we? Lucknow, with its economic and real estate growth growing at breakneck speed, has so much to offer that it has made it easier for the buyers to pick exactly what suits their style, lifestyle and budget. The array of properties can leave you spoilt for choice. Lucknow has a lot to offer- Residential plots, Residential lands, Flats from 1 BHK to 4 BHK,, and houses, the spread is vast. So when you are looking for a house to buy, you must chalk out the reason to buy first. Are you buying to live at the property or are you buying for investment purposes? If you are seeking a home for yourself, then consider whether you would opt for a home loan or be able to finance it yourself.. Do keep yourself abreast with information on additional charges such as brokerage fees, property tax, legal fees, stamp duty etc as these can pile a heap.

The Builder’s Credibility Is Your Bet To The Best Buy 

Lucknow’s fast real estate progress has also brought about a surge of  builders. A builder can either make or break your dreams of a quality home and a safe, secure buying procedure. Hence, it is a good idea to run a check on the builder’s credibility. Research about them and their previous projects, and if possible, find a few buyers of the builder’s property to get an honest opinion. After all, the builder’s credibility not just leaves you in safe hands, but can also increase the chances of your home loan eligibility when applying for housing finance! 

Rishita Developers Pvt. Ltd is one of the most trusted and premium Real Estate Builders in Lucknow, standing synonymous with global lifestyle and higher living standards. They have had some of the most coveted properties to their name such as Celebrity Greens, premium 2 BHK & 3 BHK high rise apartments and Mulberry Villas, luxurious 4 BHK Villas in Lucknow, and their most recent ones - Manhattan and Serenity. 

Connectivity & Amenities Make For Best Investment Prospects

What makes a city ideal for a high standard of living? The amenities it offers. The infrastructure it develops for the convenience of its residents. The same holds true for a residential area as well. A residential property is considered lucrative when it offers all modern facilities, easy connectivity with the relevant locations and lies in close proximity with all basic facilities such as health and education. 

Lucknow, being the heart of Uttar Pradesh, is linked to five crucial highways that connect it to most metropolitan cities around-  Lucknow-Kanpur Road, Lucknow-Raibareli Road, Lucknow-Faizabad Road, Lucknow-Sultanpur Road, and Lucknow-Dewa Road. The areas surrounding the highways have seen a rapid and phenomenal residential real estate growth, leading to these sites being touted as lucrative properties to invest in as they offer the benefit of access, water and electricity, schools, hospitals, universities and shopping centres. Picking a property around these areas can have you living in luxury, and being able to afford it too!

Keep Your Standard Of Living High, But Cost Of Living Low!

Living in a metro city and being able to live a high-end life is everyone’s dream. But with the fast paced development and commercialisation of the main metropolitan cities, this has become a far cry.  Life in a metro city can come with liabilities that can make living extremely intimidating when you are cutting costs and not really living by the standards you set for yourself. The expenses can put your entire financial planning in a frenzy. Though Lucknow stands apart as the city has been welcoming and made quality living a possibility for the middle class section of people, it is a good practice to keep your expenses within the periphery of your ability to buy. Being a newly emerging developing city, Lucknow’s  infrastructure has been planned in a way that has made the cost of living affordable- which includes housing, food, taxes, and health care. 

The Location Of The Property Is Directly Proportional To Its Market Value

When buying a property, the one thing that increases or decreases its market value is its location! Remember that you are not just paying for the structure and amenities within the residential complex, but a lot of it for the surrounding experience that comes with it. The neighbourhoods surrounding it, the roadways, the view from the apartment, the distance from city centre are very pertinent considerations to think over. Though the prices in these areas may be higher, as they are affected by the demand for similar properties in the area, the location plays a very important role in incorporating convenience and safety to your lifestyle. The slower the sales, the more the fall in prices. Keeping all these factors in mind, research and be patient to strike the right deal. 

Home or any kind of property buying in Lucknow or any city for that matter, comes with its set of pros and cons. But if you have checklisted the above listed considerations, we bet Lucknow will offer you the best it has to offer.