Nowadays, investors from cities such as Allahabad, Bahraich, Barabanki, Kanpur, Sitapur, Sultanpur, Varanasi, and Unnao are considering Lucknow as their new property bet. People who deal in real estate with the potential buyers on daily basis say that capital of Lucknow has never really witnessed the decline in the real estate business. The sales conversion are fewer but the demand has always been active.
As the population of the city is not too high many people are migrating to Lucknow and have set up their small or big business. Most of the people are investing money in their second homes across Lucknow, mainly around Gomti nagar and on Kanpur road. The city of Nawabs is gathering attention day by day and the need for lifestyle and wellness homes is increasing.
What makes Lucknow a centre of attraction?
Pricing: The city is the hub of affordable pricing.
Metro: Lucknow metro system is the fastest built metro system in the world and the most economical high-speed rapid transit system project in India. This will increase the connectivity within the city, and also will act as one of the major components for the growth of the real estate and job opportunities.
Healthcare: Multi-specialty hospital such as Medanta in Gomti nagar with a capacity of over 1,000 beds, Narayana Hrudalaya Aarogyam on Shaheed path with over 326 beds as well as women and child care hospitals, have made their way into the city.
Lifestyle: According to the survey conducted by ‘IMRB International’ Lucknow is the second happiest city in India.
The city has a very rich supply of affordable properties by renowned builders. There are over 897 ongoing and upcoming projects in the city (https://www.99acres.com/new-projects-in-lucknow-ffid) that is comprised of 1BHK flats to luxury villas and the price is ranging from 11 lakh to 4 crores. This, therefore a very good time to invest in the city. Today when in other cities the price of 1BHK flats starts at 25 lakh, 2BHK flats start at 45 lakh, 3BHK flats start at 65 lakh and 4BHK flats start at 1.3 crores had impelled many businessmen to invest in Lucknow.
Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh India
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