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Why Lucknow is the best option to invest in real estate?
  •  Dec 13, 2019
  •  Shweta Yadav

From being a Tier II city to being one of the most sought-after destinations in India, the real estate trends in Lucknow have witnessed heaps and bounds of development when it comes to infrastructures and business alike. Demonstrating an aggressively expanding realty market, the city has been attracting a ton of reputed builders and developers to come forward and open their doors to the town. Not only builders but given the city development, it has been attracting an endless number of potential home buyers and investors too. This cultural heritage has been witnessing a massive uprise in new integrated residential townships across peripheral demographics, some of which include locations and highways towards Kanpur, Hardoi, Rai Bareli, and Faizabad, etc.

 

The growth in the realty market also happens to be directly proportional to the surge in commercial activities. The city that used to be an epicenter of small-scale business units and handlooms have been aggressively turning into an Information Technology hub. Naturally, Lucknow has been attracting the interest of a lot of budding professionals who wants to settle down within its premises since staying close to one workplace is always an added advantage. Hence, several new residential projects in Lucknow have been opening its gates to potential gates from the houses of various real estate conglomerates across the nation. Given the aggressive development and the fact that property prices have statistically proven to have had an appreciation of 25 to 50 percent in the last two years. This combined with the fact that most of the properties in Lucknow happen to be RERA approved and happens to be a safe investment proves that it the perfect time to invest in an ideal location like Lucknow. The commercial value of all these projects is expected to skyrocket in the future, thus giving fantastic returns.

 

Omega, Shalimar Corporate Parks & Pinnacle towers are some of the upcoming business parks that are expected to boost the commercial market that will eventually result in more residential transactions. Right now, the ratio of investors as local to outsiders is 4:1. The outsider ratio is expected to increase in the future. If housing some of the most reputed schools, colleges, hospitals, and malls was not enough, more are already on their way to sparkle the city up. The connectivity between NCR and Lucknow is also expected to smoothen up because the Agra- Lucknow Expressway will be linked to the Yamuna Expressway the land for which has already been acquired. Among all the real estate projects, potential buyers have been showing a compelling interest in owning a 2 BHK in Rishita Mulberry Phase 2 since this complex comes with all the top-class luxuries and facilities that commensurate a buyers best fitment. The area is going to witness an extreme increase in prices in the coming months so book your home now.