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Why invest in real estate projects in Lucknow?
  •  Dec 06, 2019
  •  Shweta Yadav

The Lucknow  City of Nawabs has grown leaps and bounds in recent times. From being counted among one of the Tier-II cities in India, Lucknow is no longer an epicenter of heritage and lip-smacking food. It is now witnessing some of the most excellent development in social infrastructures and massive expansion in IT and tech parks. Given the fact that this city is undoubtedly one of the fastest developing areas in the nation, it is the perfect time for potential homebuyers and investors to invest in a property in Lucknow.

 

With the growing population, it has been estimated that the needs of 65 lakh residents will be met by the year 2031. The Town and Country The planning division are going to meet the housing demands and conveyance facilities of the increasing population. It aims to bring approximately 197 neighboring villages into the fold of the overhaul plan. This makes for the perfect time to invest in these social infrastructures and residential projects in Lucknow since these developments are going to yield a massive return on investments shortly.

 

Some of the significant parts in this city like Raebareli Road, Faizabad Road and Sultanpur are getting major makeovers. Many commercial and residential developers are investing here and coming up with projects as a result of which the market value of these locations is skyrocketing by the day. Naturally, due to the shooting prices, even newer developments are taking place. This city also boasts about hosting a prominent medical hub with some of the significant multi-specialty healthcare institutions like Medanta and Narayana Hrudalaya Aarogyam. These hospitals also happen to be close to one of the most prime business district – Gomti Nagar. The price of a property in the area is on the rise and it is an exciting investment opportunity for home buyers.

 

In recent times, the Government in Lucknow decided to ease the transportation and daily commute with a 105 km outer ring road due to the growing population. This has made transportation a lot easier for the regular crowd. This project is going to cover a whopping 65 villages and aims to streamline the traffic. It is set to get completed in the year 2021. All these significant advantages indicate the fact that it is the perfect time to buy flats in Lucknow and enjoy all the amenities this city has to offer.