Why is having an apartment in Lucknow a good idea?

The capital of Uttar Pradesh witnessed the sharpest movement in property prices in the last five years. Reserve Bank of India’s Housing Price Index for the financial year 2018-19 indicated that prices of Apartments in Lucknow increased by more than 13% in the past five years. The reasons cited for this steep rise in the City of Nawabs were growing local development and a soaring number of investors. Property investors who wish to widen their investment portfolio and reap ROI benefits are putting stakes in developing cities with expanding property markets.

If you also want to enjoy an old-world lifestyle with contemporary amenities or want a lucrative return on investment, then Lucknow is the place for you.

Here are the top reasons why purchasing Property in Lucknow is a great idea.

Liveability

Lucknow enjoys a high liveability score of 9.2. While holding on to a small city and moderately paced living charm, the amenities like lavish hotels, multiplexes, expansive shopping complexes, and fine-dine restaurants fulfil the citizens’ requirement for refined and luxe living. Many reputed builders offer luxury apartments in Lucknow and penthouses with the latest facilities for stylish living.

Affordability

Luxurious apartments with advanced amenities in the locality that houses the city’s best educational institutes, hospitals, hostels, and restaurants, are available at affordable prices. If you are planning to invest here, then you will be amazed to see the price range. Whether it is a 3 BHK apartment in Lucknow or villa-based construction, the area bustling with luxury ready-to-move-in and under-construction projects is offered at economical prices.

New localities

Lucknow is witnessing rapid growth and development in the real estate sector, with many new and upcoming localities. There are new real estate zones created that promise future appreciation such as Amar Shaheed Path, Sultanpur Road, Rae Bareli Road, Gomti Nagar Extension, Faizabad Road, etc. You will find under construction and ready possession flats in upcoming areas.

Local development

One of the cities that has witnessed excellent developmental activities is Lucknow. Indian Ministry of Urban Development Fast Track Smart Cities list features the name Lucknow in its list. Rapid development like the construction of Lucknow Metro Rail Program, Gomti River Front Project, 150 meters wide ring road by LDA, a 100-kilometre Outer Ring Road that runs across CG City, an international cricket stadium, etc. are to name some. Other local developments include Knowledge Park, multi-speciality hospitals like PGI, Medanta, Narayana HrudalayaAarogyam, etc.

There has been a significant upsurge in the demand for 2 BHK apartments in Lucknow. Lucknow is surely the best destination to invest in.