Why Should you invest in Lucknow Real Estate Property?
- 19 Dec 2021
Why Should you invest in Lucknow Real Estate Property?
The city of Nawabs – Lucknow, the capital of Uttar Pradesh, is no more just a tourist attraction. From offering a rich cultural environment and delectable food to transforming into a hub of famed IT companies, new business start-ups, and various Industries joining in, the city has completely revolutionized to offer a lot more.
It won’t be exaggerating to say that Lucknow has been emerging as a progressive and modish city that not just promises a luxe and comfortable lifestyle to the residents but also a high ROI to the real estate investors. Due to the immense growth opportunities and institutional development, the city has become an inviting destination for property investors. If you observe closely, top and reputed real estate companies in Lucknow are already on the construction spree with various real estate projects in their kitty, which is a testimony to the tremendous scope of investment that lies in the city.
Let us discuss the top reasons for investing in residential and commercial real estate projects in Lucknow.
- Rapid Development
Lucknow has witnessed rapid development in the recent past. It has certainly become a prime hotspot for major development activities in the state. The government has started various infrastructural development projects in the city. The LDA or Lucknow Development Authority has taken up to develop a 150 meters wide ring road, Knowledge Park between the Jail Road and Mohan Road, a 100-kilometre Outer Ring Road, etc. As per the Master Plan 2021, to cater to the huge migratory population of nearly 65 lakh people by 2031, the Town and Country Planning project which has almost 197 fringe villages will be included in the master plan. This will create enormous demand for flats in Lucknow.
Government projects like CG City, cricket stadium, and IT city are also worth mentioning here. Rightly called the future fast-track smart city, it is projected that the city will see further mammoth development in the coming future. This huge development will ensure employment growth, new business opportunities, and real estate development.
Also Read: Rented or own Home in Lucknow?
Upcoming areas
Though the best place to buy property in Lucknow is surely Gomti Nagar and Hazratganj, now the investors are eyeing the new projects in Lucknow in Faizabad Road, Amar Shaheed Path, Rae Bareli Road, Sultanpur road, etc. for investment, where you can expect the low cost of investment but better ROI. One can find possession soon projects in Lucknow within these areas for ready to move in flats.
- Something for all!
We all have distinct tastes. While some of you may prefer a compact 2 BHK, some can afford a luxurious villa! Lucknow city fits all your needs as the city has something for everyone. The esteemed builders and developers such as Rishita Developers have been cautious enough to cater to the requirements of different segments of the people. The real estate giants have built townships that offer 1 BHK to 4 BHK apartments along with independent villas. You get to choose what you want!
- Elevated lifestyle!
The builders ensure to equip their township with most of the amenities to provide an enhanced lifestyle experience to the residents. For example, if you are expecting a world-class residential township with state-of-the-art amenities in Lucknow, then search for Rishita Developers. In their project Rishita Celebrity Greens near the Ekana International Cricket Stadium, the amenities like a Yoga centre, Gym, Power Backup, High-end Club House, Swimming pool with a separate kid’s pool, and many more have been keeping the residents engaged and delighted. These amenities promise you a comfortable lifestyle.
- Connectivity
Lucknow is well-connected to all the major cities by its extensive rail, road, and air network. The Metro rail network has facilitated the local conveyance experience in Lucknow even more and has made it faster and more convenient for the locals. It houses major highways such as NH25, NH28, and NH56. Hundreds of flights land and take off from Chaudhary Charan Singh International Airport.
- Medical Facility
In the recent pandemic, we learned the significance of a big medical facility. Lucknow houses top multi-speciality hospitals such as Medanta, Narayana Hrudalaya Aarogyam, Lohia hospital, Sahara Hospital, PGI, and many more.
As you can see, the city offers magnanimous real investment potential that you can explore and leverage to make your property investment a worthy one!
Also Read: Amazing Options for buying a Flat in Lucknow