Commercial Or Residential, Here Are Some Of The Best Areas For Property Investment In Lucknow

Lucknow is one of the fast track smart cities of India that has seen unparalleled rapid growth in the last decade. During the slowdown in the real estate market, the metropolitan cities face the brunt, whereas in the state capitals and Tier-II cities the impact was cushioned. Lucknow was one city that led this mood. The city’s property market has witnessed a sharp rise, giving an impetus to investors to look towards the City of Nawabs as a lucrative investment hub.

Lucknow’s real estate sector saw maximal rise as far as property development is concerned. This led to a noticeable growth in the number of buyers owing to the growing opportunities that the city offers such as modern facilities, well-developed roadways, modern luxurious high rise residential complexes, plush amenities and above all competitive prices.  So, if the old world charm of Lucknow seems compelling to you, then here are some areas that you must consider investing in. These are listed keeping certain aspects in mind such as amenities around them, connectivity, the development surrounding them, prices and basic infrastructural facilities.

Hazratganj

One of the oldest and the most well known areas of Lucknow, Hazratganj holds the charm of old Lucknow with its heritage bazaars, and theaters and  restaurants. Considered as a major industrial area, Hazratganj houses markets, bazaars, showrooms, shopping complexes, theatres, malls,  and educational institutions that stand as testimony to the awe striking colonial architecture. The vibe of the area makes it ideal for those who want to invest in commercial properties or villas, apartments and houses, with assured profits. One of the best areas of Lucknow to settle down in, Hazratganj is also one of the most expensive for purchasing a home. The property rates are higher here as compared to the other localities, but it is the poshest and proudly holds its old world ambience.

Butler Colony

Corporate Butler Colony is a well developed colony in Lucknow that is touted as one of the best investment areas being home to some famous tourist destinations of the city such as Sikandar Bagh, the former villa and gardens of a 19th-century nobleman, plus the ornate 1670s Mahmodabad Palace, overlooking Butler Lake.

Butler Colony is known for its modernistic social infrastructure. The locality houses some of the best hospitals, educational institutions and restaurants and malls. The area is known for its Mosques and temples dot the streets, and recreational facilities such as the Gomti River in Laxman Park, a paved promenade lined with shrubs and trees that is popular for morning strolls. This obviously means the area is extremely well connected to other parts of the city and beyond.

Butler Colony has much to offer when it comes to investing here. The area is packed with contemporary new structures, ultra modern apartment complexes and the plushest villas, giving you the freedom to choose where you would like to make an investment in, as per your budget.

Charbagh

One of the most interesting facts about Charbagh is that it is a bustling transport hub of Lucknow, and also home to the landmark Charbagh Metro and railway station, making it the heart of the city and the central point of transport connectivity. The iconic Dargah Va Masjid Khamman Peer Baba mosque is another tourist destination located here as well as the vibrant Gurunanak Market.

The locality also offers ultra modern facilities with new residential projects coming up, extending a global lifestyle to the residents. Charbagh blends both- the heritage side, seen in the old market places and structures and the contemporary, seen in the new property developments, together, meeting all the benchmarks of an ideal place to invest in.

Hasanganj

Hasanganj is an upcoming commercial and residential hub in the city of Lucknow, with good connectivity. Its periphery is surrounded by Balmiki Nagar, Rajiv Nagar, New Hyderabad and Nirala Nagar and Vivekanandapuri Hydel Colony and is also in close proximity with some prime areas of Lucknow such as Kutubpur, Purana Haidarabad, Mukarimnagar, Nirala Nagar, and Vivekanandapuri. The Badshahnagar Railway Station is located here and connects the area to other parts of the city as well with other cities. Some renowned educational institutions are also situated here.

As far as real estate development is concerned, the locality offers many ready to move  residential properties with rates here comparatively lower against other localities in Lucknow, making Hasanganj an ideal place for investing in properties as the

The Lucknow IT corridor

The Lucknow IT corridor is the stretch between the Faizabad Road and Sultanpur Road, and no points for guessing why this corridor is one of the most preferred locations among real estate investors and builders. The stretch touches some prime areas of the city which include Indira Nagar, Shivaji Puram, Gomti Nagar, Gomti Nagar Extension, Sultanpur Road, Faizabad Road and Shaheed Path.

Excellent connectivity, a well endowed social infrastructure, immaculate planning and convenience of basic amenities within close proximity and within the fence of the corridor, make the area a lucrative investment hub. The stretch offers  an array of commercial and residential plots of a motley of sizes and reasonable prices, which has increased the demand of buyers.

The Lucknow Airport Corridor

The Lucknow Airport Corridor is located in the south of Lucknow and is considered as one of the significant real estate segments in the city. The corridor covers some prominent locations such as Kanpur Road, Amausi, Sadrauna, Nilmatha, New Jail Road and Raibareli Road.

The Chaudhary Charan Singh International Airport also falls within the stretch. This is the primary reason behind this area’s real estate seeing a rapid growth and being touted as a worthwhile and fruitful real estate investment nerve centre.

Numerous residential and commercial plots in various ranges are available of various sizes and different price units. Another major driving factor that influences people to invest in the localities in this corridor is the fact that the metro line connects the airport corridor with the Lucknow IT Corridor, and seamless connectivity with Amar Shaheed Path, Kanpur Road, Raibareli Road, and VIP Road.

The flexibility and progressive development make property investment in Lucknow, a lucrative market. The varied amenities add to its popularity among buyers seeking investment opportunities.