Lucknow is a city of traditions, monuments, food and education. It has a rich history and a futuristic outlook. The residents of this metropolis are gentle and caring and civic values are rated highly here. No wonder then that getting a flat here is topmost in the minds of most of the people who have some connection with this city. Whether someone has stayed here for a few years for a job or has stayed here for his studies, an urge to buy a flat in Lucknow is strong. Also, the fact that the medical facilities and law and order situation is as good in Lucknow as in any other metro town in India, the population in UP are generally gravitating towards Lucknow city.
Lucknow has been a large town for decades and has grown exponentially over the last few years due to the above reasons. However, as in any other city, there has been an asymmetric growth of social and economic infrastructure. Also, the cost of property in different areas has appreciated differently. While taking a decision to buy a flat one needs to ensure that all the various metrics are taken into account to be able to make the right decision. On a deep analysis, buying a flat on Kanpur in Lucknow comes out to be the best value one can get with money in this city. Let me elaborate this a bit more :
- Location –
Lucknow and Kanpur are the most developed towns of central Uttar Prades. This road connects these two major towns. One can safely term it the economic highway of UP. This area is located very close to the Amausi airport, which is now an international airport. There are good educational facilities in the area. Sanjay Gandhi Post Graduate Instt for medical sciences (an offshoot of AIIMS) is close by. This has resulted in the best medical facilities of Lucknow to be concentrated here. This road directly connects to some of the best markets like Ashiana and Alambagh. Charbagh Railway station is also a short drive away.
- Cost of living –
The cost of living in this part of the city is relatively low. The cost of flats is also up to 40% lower than the similar developments in the Gomti Nagar area, which has appreciated too fast and doesn’t offer an investment opportunity anymore.
- Quality of developments –
This area is witnessing some of the best residential real estate projects of late. There are few large and experienced developers who have launched projects in the area. For example, there is a township, Republic by Paarth Infrabuild which is an integrated township of pre than 500 acres with all modern amenities and uses SMART systems.
- Future developments –
The highway connecting Lucknow and Kanpur is being upgraded. The metro train network which has already reached the airport, is planned to be extended around this area. A number of institutions are planned here.
Going by the above analysis, it is clear that buying a flat on Kanpur road in Lucknow is the best decision one can take if interested in buying residential real estate in Lucknow.