Residential property in Lucknow

Is Gomti Nagar Still the Best Area in Lucknow to Buy a Home?

Lucknow takes the pride of place as the most preferred destination for people to buy a home in Eastern and central Uttar Pradesh. There are multiple reasons for this and it being the most happening and safest place of the region is just one of them. Lucknow has also grown faster than another town and its expansion has been matched by the development of facilities in the town. While Lucknow has grown in all directions, the development has not been equitable, as can be expected basis the modelling one would do basis the development of other large cities in India.

When one looks at the development of Lucknow city over the last 30 years, Gomti Nagar stands out as the best developing residential area. Every time you go to this place, you get surprised by the frantic pace of development here. Although there are other areas like Kanpur road, Sitapur road, Faizabad road, and Raebareilly road, which have also seen rapid progress. But the charm of Gomti Nagar is still as strong as it has been at any time in the last 30 years. There have been claims at times by some real estate developers for other areas to be more futuristic than this area, but none of these claims have proved to be right. In fact, Gomti Nagar extension has continued the same level of development as was associated with Gomti Nagar. The real estate developments here have been good and infrastructure facilities that have sprung up here are better than men what was planned for Gomti nagar.

So whether one talks about Ekana international cricket stadium or Phoenix market place, you see incomparable development of the future. The planning of roads, office spaces, and connectivity to other important parts of town is at a level unrivaled by any other locality in Lucknow. There is no surprise then that all the best international brands are clamoring to set up shop here. We have always seen across the country that the best residential property market growth happens wherever leading commercial projects are launched. Therefore, one should not be surprised by the huge demand for Property in Gomti nagar extension lucknow area.

Another reason which fuels the demand for housing in an area is the lifestyle choices being made available. This could be reflected in the kind of schools and hospitals and sports and leisure facilities. With the best-branded schools and hospitals making this area their home and most of the new sports and leisure projects being announced by government falling in Gomti Nagar extension, for years to come, the area will keep growing. The best real estate developers have also announced their projects in this area with the best of amenities. The building technologies being used here are state of the art and therefore give it an edge. Another strong post is that despite all these advantages the home prices in this area have not seen run-away inflation. Though one can’t say that for the future, with continuously increasing demand and decreasing inventories. No doubt, therefore, that Gomti Nagar remains the best area in Lucknow to buy a home.  For more information please visit:http://paarthinfra.com/

property in gomti nagar extension lucknow, flats in gomti nagar extension lucknow
property in gomti nagar extension lucknow

What to Consider Before Buying a home? It’s Location, Location and Location!

Man is a social animal and therefore he needs a social infrastructure to survive. One can’t live a happy and purposeful life if he has to live in isolation. Therefore, it is important to buy one’s home in an area where like-minded community exists and social infrastructure to match that kind of lifestyle is available. In Lucknow, the areas around Gomti Nagar are the best location to live. Simply because of a fledgling upper middle class society and the resultant infrastructure projects, that are keeping pace with increasing population, everyone desires to make this area as his abode. Amongst the new developments, two residential societies by Paarth Infrabuild, Paarth Aadyant and Paarth Arka stand tall in terms of location.

It is always said that the 3 most important criteria to take care of while buying a property in lucknow is Location, Location and Location. Let’s dwell a bit on it to understand the reason for the same. We have observed in the past that some areas in a town develop into much better residential areas compared to others even if all of these started developing at the same time. So why is it so? Answer is deep yet simple. Since early days of urban developments, people preferred living closer to the areas which were important for economic activity. Therefore, we saw the emergence of city centres which had the highest amount of economic activity. People engaged with such organizations, preferred to live nearby and therefore the physical infrastructure in the form of residential areas with facilities like water and electricity developed fast. Along with this, the social infrastructure developed fast to meet the post work requirements of working population as well as the other requirements of families.

Property in Lucknow

When we talk of families and their requirements, we need to understand what a family consists of. The family will have children, elderly parents and of course the working age people. What do each of these groups need to live a fulfilling life? So children will require good schools, play grounds, sports facilities and places to socialize. Elderly will be concerned about 24*7 medical facilities, green areas to sit and relax and same interest groups to while away the time. The working people would expect basic necessities of life like water, electricity and transport that is hassle free, activity areas like sports facilities and markets and restaurants. Now, while it may be fashionable for some of the real estate developers to talk about emerging locations, the fact is that one wants to live in her house today. So if physical and social infrastructure is not yet developed, how is one to be happy and survive? Also, the pains one has to endure for the time when the infrastructure is still developing makes the entire experience quite depressing and isolating at times.

And that is the reason why our elders have always told us to consider Location as the single most important criteria while building our abode. A place that is well connected and close to areas where job opportunities exist. An area where there are quality schools and has kids around where our kids can intermingle and play without us having to worry all the times. A location where markets, cinema halls, sporting facilities exist to engage in socializing. Hospitals and other medical facilities and safety security of the area are other features that you would include in a good location.

Lucknow is a big city now and has been developing very fast for last few years. It has been the hub of political as well as commercial activities in Uttar Pradesh. It is also the preferred city for anyone in Eastern part of UP for various reasons, most of these as we discussed in the earlier part of this article. Lucknow has had an asymmetric development in different directions. So, while residential areas sprang up all over the boundaries of Lucknow, the developments in and around Gomti Nagar have been the best in last 25 years. A locality with upper middle class residents, the emergence of best schools of the city, the finest shopping areas, the malls, cinema halls and the best medical facilities. There have been couple of new developments here that are worth mentioning.

We are talking here about Ekana cricket stadium, the largest cricketing facility in north India. It is also the home stadium of Afghanistan national cricket team and has been hosting international cricket matches more regularly than any other center in India. This stadium is not only an architectural marvel but has also been a center of attraction for people. Another development very close to it is the opening up of Phoenix Palassio, the most modern mall Lucknow has experienced. These two developments have converted this 1 km area into the real magnet and has created the fastest self-fulfilling cycle of development. One can argue that these developments have happened as there are more people living here. But that is a flat argument. People have been living on Hardoi road, around Rae Bareilly road or at Faizabad road for the similar time as here. However, the pace of development and provision of facilities in these areas is absolutely different.

In fact with Ekana cricket stadium and Phoenix city market place, this area would be the magnet that will attract everyone and all the new developments. However, there are not many good residential developments in the area for one to choose. The lucky ones can still get an apartment in either Paarth Aadyant or Paarth Arka with the luxury of watching a cricket match at Ekana stadium from the window of their drawing room. This location only keeps getting with time. Now with Phoenix Palassio Mall, the convenience of an elite lifestyle gets embedded in this area. With both these residential societies developed by Paarth Infrabuild, so close to these future magnets, one can only wish to buy a house here. The amenities within these, complement the facilities outside and promise a lifestyle no otherreal estate development in Lucknow can match.

What’s the Best Time to Buy Property in Lucknow?

Lucknow is the eleventh most populous city of India with a population of approx 28 lacs. It is the capital of the most populous Indian state, Uttar Pradesh. Everyone in Uttar Pradesh, especially in the Central and Eastern part of it, wish to have a house in Lucknow. The reason is not difficult to find. Lucknow is a beautiful city with excellent academic and health care facilities. It is known for some of the best schools like La Martinier, Colvin Taluqdar’s and City Montessori. It also boasts of an IIM, a Medical college and several Engineering colleges apart from a well reputed Lucknow University. A number of private universities have also set up their campuses here in the last few years.

Paarth Aadyant property at Gomti Nagar extension, Lucknow
Inside view of a Paarth apartment on Gomti Nagar extension in Lucknow

And why not? Let’s look at some data. Currently, only 40% of the population in UP is Urban and it is predicted that by 2031, almost 70% of the population in UP will be urbanized. No wonder then that the most developed urban centers like Lucknow will grow the fastest and as they grow there will be a huge demand for housing. This considered with the fact that Lucknow is ranked sixth in a list of the ten fastest-growing job-creating cities in India according to a study conducted by Assocham Placement Pattern. Considering the substantial growth industry has shown in Lucknow, business promoting institutions like CII and EDII have set up their service centers in the city.

The NHB (National Housing Board) Residex, that tracks housing prices across urban centers in India, places Lucknow right at the top among all North Indian cities for the last 2 years. This is true for both constructed as well as under-construction properties. This is also borne out by the fact that most of the large developers from Delhi have setup residential projects in the city. Lucknow has also been an early adopter of large housing projects developed by private builders. Another advantage that Lucknow has is that it keeps expanding in all 4 directions radially, opening up new spaces for housing, while keeping all these places also not too distant from the city center. However, with differential civic developments, some localities have seen a much better appreciation than others. Areas around Shaheed path (Gomti Nagar extension), Ashiana and Kanpur road have seen the maximum activity both from real estate developers as well as buyers. Some of the developments have also been theme-based, like the one by Paarth on Kanpur road which has an international standard cricket stadium. In fact, while talking of cricket, it is worth noting that the new international cricket stadium is witnessing a lot of cricketing activity with this being the base stadium for Afghanistan’s international cricket team. Paarth also has a well-designed project next to this cricket stadium.

While the economy has done good in Luckow, the civic amenities have also seen rapid progress in the town. Lucknow has always been known for its etiquette and literary and cultural activities. The state and city administration has also implemented a smart sewage system. The new smart traffic management system and a project to upgrade the city lighting to LED lights have brought in the modern outlook to the city. The Lucknow Modern Police Control Room (abbreviated as MCR) is India’s biggest Dial 100 service center and has been the necessary support for people to feel safe. Is it then a wonder that anyone you meet around either owns property or plans to own one here. The personnel who have been posted here in various government or private jobs have preferred to make this city their home. One can safely argue basis these factors that for years to come, Lucknow will continue to be one of the fastest appreciating housing markets in India.

One advantage, which one can use currently in the residential real estate market in Lucknow is the availability of affordable houses. The city generally prefers a 2 or a 3 BHK apartment. A good 2 BHK apartment in lucknow can be had art a good location for approx 40 lacs, while a luxury 3 BHK flats in lucknow is available at around 65 lacs. Now, any other city which offers the equivalent civic amenities and facilities to its dwellers with the kind of economic opportunities will not see a 3 BHK flat in a good location for less than a crore. We should not be surprised if this market also started moving very fast towards that kind of price. The reason why the prices have stagnated a bit has been sentimental in nature and the moment it turns to positive, the prices are expected to zoom. In fact, visiting some of the projects on the shaheed path makes one see the green shoots of turn around in the residential real estate market very clearly. All the projects have been reporting higher than normal customer inquiries and sales. Even the secondary market property brokers are very upbeat.

There are also a few external factors which favor a property buyer in Lucknow immensely. The housing loan interest rates are near bottom and governments are clearly bent to ensure proper safety of buyer investments. UP RERA has been one of the most active bodies and it is based in Lucknow. The strong investor groups and affinity of the most transactions to white money results in it being one of the most professional property markets in north India. The influx of new-age businesses is also ensuring young professionals taking fatter pay-cheques home. This supported by the fact that most households in Lucknow have both the partners earning money, resulting in a high disposable income market. The cost of living, on the other hand, is low compared to other cities of similar size and therefore leaves a good investible surplus with families. This buffeted by a strong investor community of traditional business owners makes Lucknow an ideal candidate to seek fast and long term returns growth. With other avenues of investment rather sluggish, it will be prudent to use this as a great opportunity for wealth creation and appreciation. Therefore, the property investment at this time in Lucknow is a decision that just can’t go wrong. If you are looking for a flat to make it your long term home, the available choices will shrink over time. On the other hand, if investment appreciation is your desire, a property in gomti nagar extension Lucknow is probably the best decision one can take at this time.

Impact of GST on Real estate

GST that works on the principle “One Nation, One Market, One Tax” seeks to transform the complete tax system of India. GST are divided into five tax slabs for the collection of tax – 0%, 5%, 12%, 18%, 28%. The tax system in India had a cascading effect, there was a tax on tax. GST simplifies the complete tax system to eradicate the multiple tax system such as VAT, service tax, central sales tax, entry tax, luxury tax etc. Real estate is one of the most crucial sectors of the Indian economy which is contributing about 5-6%a to the GDP on India. It is the second largest employer in the economy after Agriculture sector. According to the report by CREDAI and JLL India’s real estate sector is going to USD $180billionb industry.

Impact on buyers and investors

Before GSTAfter GST
· The construction status of the property will decide the types of taxes the buyers are liable to pay these varied state to state. – (Property under Construction) buyers were liable to the VAT, service tax, stamp duty and registration charges. – (Property after Completion) buyers were liable to stamp duty and registration.· GST simplifies the overall purchase price. · All the property under construction will be charged 12%c of the property value which excludes the stamp duty and registration charges.

Impact on developers

Before GSTAfter GST
· Developers were liable to pay central excise duty, VAT, customs duty etc. · Also, they have to pay other charges like approval charges, legal charges, architectural charges, labour taxes etc. which at the end burden comes on the buyer. · Before GST a huge amount of real estate expenditure undergoes unrecorded. GST will cut down this due to cloud storing of invoice.· Under GST Cement will be taxed at the rate 28%d Iron rods and pillars will be taxed at the rate 18%e.· Reduction in the cost of logistics.

· The developer will be entitled to acquire input credits on the sale of property under construction against the taxes paid by the buyer.

Under GST real estate industry are also going under automation. Automation will provide ample amount of benefits such as time compliance, generation of the report, comparison among the reports, cost-effective with reduced staff and much more.

Post GST:

  • The transparency in the system is increased as the developers can buy the raw material only from the registered vendors.
  • The complex process for buying a home has become simplified.
  • The foreign investment is also increased as the tax system is simplified without giving them the burden of multiple taxes which will lead to improving the overall quality of Indian standard.
  • GST and RERA together will bring in more transactional transparency into India’s real estate sector.

References:

aSource(IBEF) on 20-06-2018
bhttps://economictimes.indiatimes.com/wealth/personal-finance-news/indian-realty-sector-market-to-reach-180-billion/articleshow/63301570.cms
chttps://www.livemint.com/Money/M5Boa7PF4LHY3o10rdbCyO/How-GST-is-charged-on-houses-under-construction.html
dhttps://cleartax.in/s/impact-of-gst-on-the-cement-industry
ehttps://economictimes.indiatimes.com/industry/indl-goods/svs/steel/steel-industry-likely-to-benefit-from-gst-rate-stands-at-18-per-cent/articleshow/58751901.cms (20-6-2018)

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Housing for All | “Sabke liye Ghar”

In the year 2017 for better regulation in the real estate industry, a series of reforms were made like for ensuring transparency in real estate sector RERA was introduced which made the developers to disclose their timelines for their building process. The other massive change was introducing the GST bill in the real estate sector which aimed to reform the tax structure by making it more uniform. But none of them were as impactful as Government’s Housing for All scheme. This will make it easier for the weaker section of the societies to acquire safe loans and invest in making their homes.

Pradhan Mantri Awas Yojana (PMAY) is an initiative by the government under the Prime Minister Narendra Modi under which housing will be provided to urban poor with a target of building 20 million houses by 31st March 2022. Under PMAY, it is planned to build 2 crore houses for urban poor including Economically Weaker Sections (EWS) and Low Income Groups (LIG) in urban areas by the year 2022 through a financial assistance of ₹2 trillion (US$30 billion) from central government.

It has two components:

  1. Pradhan Mantri Awas Yojana (Urban) (PMAY-U) which will target the urban poor.
  2. Pradhan Mantri Awas Yojana (Gramin) (PMAY-G) which will target the rural poor.

The feature of Pradhan Mantri Awas Yojana is that the government will provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme(CLSS) from the start of a loan. This scheme will comprise of other schemes that ensure that every house will have a toilet, electricity connection, LPG gas connection, drinking water accessibility, and many more. The houses under PMAY would be constructed through a technology that is eco-friendly and preference will be given to an older person and differently abled person for the allotment of the ground floor.

This scheme is comprised of three phases:

Phase 1 – (April 2015 to March 2017) to cover 100 cities.

Phase 2 – (April 2017 to March 2019) to cover additional 200 cities.

Phase 3 – (April 2019 to March 2022) to cover remaining cities.

Private contributors such IIFL home loans have been helping the beneficiaries to avail government subsidies. ICICI bank also giving subsidies to the eligible people for the scheme. AU Housing Finance Limited has also been giving subsidies under the scheme.

Conditions for PMAY:

  1. Maximum age limit is 70 years.
  2. Economically Weaker Sections (EWS) annual income should be less than 3 lakh Low Income Groups (LIG) annual income between 3 lakh – 6 lakh.
  3. The beneficiary should not have any dwelling unit on the name of any family members in any part of India.

Under this scheme, the houses will be owned by females or jointly by the males. This will help to increase the women empowerment in India.

Paarth Infrabuild, Real Estate Developers, Lucknow, Uttar Pradesh, India

Paarth Aadyant: Modern Home for Modern Families

Paarth Infrabuild is one of the latest and most sought real estate developers in lucknow. The developers have built a property called Aadyant. With a host of modern features and facilities, there is no better setting for your new home than Paarth Aadyant. While there might be hundreds of new private ventures in Lucknow that showcase themselves as the best real-estate developers but only a few can deliver the best to their buyers. Paarth Infrabuild Private Limited is one of those unique developers that are certified for their validity, and their ability to deliver high-grade apartments to their buyers.

The city transforms into a focal point of finance, aviation, business, education, medicine, travel industry, and innovation which has directly impacted on Lucknow’s growing real-estate.

apartments in lucknow
Apartment in gomti nagar extension lucknow

So when you plan to purchase your dream apartments in Lucknow, Paarth Aadyant should be your ideal choice. It is conveniently established in Gomti Nagar Extension area, homeowners of Paarth Aadyant can benefit from moving out of congested areas of the city without having to compromise on a contemporary lifestyle. Today, Gomti Nagar Extention area is developing to become a commercial and IT center of the city. Moreover, it is a 3-minute drive from Gomti Nagar and only 10 minutes from the Airport.

The people are demanding top-notch housing and advancement facilities which can make their stay convenient & luxurious. With a large group of professionals arriving into the city and with the increasing concern of NRIs in the real estate sector of Lucknow, the demand for quality apartments has reached new heights.

With various commercial centers, technology parks, offices and an indoor stadium found right inside the neighborhood, families are able to find ultimate comfort in their day to day lives.

There are lots of other characteristics which make Paarth Aadyant an ultimate living complex to live-in. Some of the most valued characteristics include –

1) Neighboring proximity to the city center

2) Excess of greenery

3) Spacious and well-lit streets

4) Functional clubs with facilities for relaxation and enjoyment

5) Parking spaces for residents as well as visitors

6) Landscaped aesthetics

7) Close proximity to important landmarks

8) Great parks and jogging tracks

Conclusion:

At Paarth Aadyant, homeowners fall in love with the luxuriant ambiance and enjoy the exclusivity. With all the modern & luxurious amenities, the project provides every buyer an apartment which is similar to their dream apartment. To know more visit: https://www.paarthinfra.com

Why Taking a loan for Paarth InfraBuild a Right Choice?

Purchasing a property in Lucknow is a critical decision and most people end up taking properties which don’t have much growth potential. Sometimes it’s the location or sometimes it is the safety concern or it is the unavailability of basic amenities at the apartment.

When you plan to buy a Township in Lucknow, Paarth InfraBuild is an ideal choice for all. You not only get luxurious spaces at affordable prices, but also, you get every leisure facility at your convenience.

Paarth InfraBuild has constructed properties with quality construction material and all the apartments are constructed keeping in mind the growing requirements of the customers. There are four major projects by the developers that have been constructed keeping in mind the different types of customers and their different preferences.

Paarth Infrabuild means to give its clients, quality living alternatives and to achieve the vision, they have built sumptuous, extravagant, moderate, and eco-accommodating undertakings that exemplify cutting edge way of life without harming the environment. The developers have everything that a customer would desire to have in their dream home. Now, if we talk about whether a person should take a loan and invest in Paarth InfraBuild, then the answer would definitely be a “Yes”. Not only the builders have good experience in the construction industry but also, have been known for their quality work. The investment would give a good return and can be used for both residential and commercial purposes.

Property in lucknow,township in lucknow,
Find upcoming new housing residential real estate projects in Lucknow

Taking into consideration the financial aspect, the developers accept the reasonable amount as token money and give customers ample time to give rest of the amount in the form of EMIs. The number of years which a customer wants to take depends totally on him. A buyer can also select the number of years in which he wants to pay the amount and can calculate the EMI’s which he would have to pay, by visiting their website.

Conclusion:

When you are getting excellent location, luxurious facilities, modern architecture and of course build with supreme quality material, then why would you invest anywhere else than Paarth InfraBuild. It is a one-time investment which you will make and can reap the benefits from it in the future. You can select the apartment that matches the best with your preferences from the 4 prime projects of Paarth InfraBuild i.e Paarth Republic, Paarth Arka, Paarth Aadyant, and Paarth NU; all these are constructed according to the different set of customers.

For more details about the projects you can visit: https://www.paarthinfra.com

Lucknow, The Best Place to Invest in Residential Property

Buying a residential property in Lucknow is not a cake walk. The society around us is still developing, and so is the investment sector. If we talk about capital investment, there is still no manual that can determine good or bad investment decision. Residential Property investment was considered a wise investment only in metropolitan cities, but in the current scenario, multiple business enthusiasts are confident about investing in developing cities like Lucknow.

Lucknow has worked on the mantra ‘Cultural City to Smart City’ and changed from the City of Nawabs to a Bustling Metro synergizing Smart Solutions for residents. With IT hubs, startups & many other business opportunities, buyers are looking forward to investing in Lucknow’s real estate sector.

residential property in lucknow
residential property in lucknow

As per the present situation of Uttar Pradesh, the capital city is currently developing as another center of growing real-estate, retail and business division empowering the travel industry, Biotechnology, and better network with different fields. Productive personalities explore and find new sorts of construction planning and development. The city is continuously moving high onrushing financial action, and developing a desire for present-day living, Lucknow is strengthening for big-time property development.

Lucknow real estate sector

is profitable in different organized ways. The city has vacant areas that can be used for cutting edge land ventures. The city has a well-associated street and highway system, for example, Sitapur roadway, Raebareli street, Sultanpur expressway, Kanpur interstate, and so on for different distinct neighborhoods to extend the real estate business.

Metro, the long-awaited project of residents in Lucknow is completed. The fast and simple mode of transportation is enabled with Lucknow Metro. Lucknow Metro has helped people to avoid long hours of traffic & has gained excellent development and continues to grow. None other Metro project has been able to balance up with the acceleration of release in project accomplishment in such a little time as Lucknow Metro.

Offering to the city’s real estate improvement Paarth Infra-build Lucknow offers a well-designed apartment with growing amenities developed keeping in mind eco-friendly standards. The projects of Paarth Infrabuild are built with all the luxurious amenities.

Conclusion:

With the growing opportunities, there is a tremendous increase in the number of buyers. Lucknow provides its buyers with all the amenities and growth opportunities which is further making is buyers a favourable place to invest their money. Lucknow has transformed into a real estate hub and a prime location for property investments. And in Lucknow, Paarth Infrabuild is the right choice when you plan to invest .

For more information visit: https://www.paarthinfra.com/

Unbelievable Facts about Real Estate in Lucknow!

Lucknow, the capital of Uttar Pradesh, is famous for its rich cultural heritage. At present, it is also one of fast emerging metropolis in the country. Lucknow is on the list of being declared as a smart city. The city has witnessed a level of investment and influx of migrant population. Several industries and government organizations have opened offices in Lucknow. In a nutshell, Lucknow is experiencing economic boom. Together with the economic boom, the real estate market of Lucknow is also booming. It has become one of the preferred destinations for people residing in other cities of Uttar Pradesh as well. Investors are flocking in from different cities of Uttar Pradesh such as Allahabad, Bahraich, Barabanki, Kanpur, Sitapur, Sultanpur, Varanasi, and Unnao to Lucknow in search of their dream home.

20-7-2019

As per the data available in 2018, the National Housing Bank’s price index for under construction properties has recorded an overall increase in 39 cities with the maximum price growth of 9.4% recorded in Lucknow.

20-7-2019(one)

It is abundantly clear from the above – the real estate market in Lucknow is booming. But ever wondered why did the sudden boom in real estate sector happen? We have set out a few key reasons responsible for the growth story of real estate in Lucknow.

20-7-2019(two)

As indicated above, there are several reasons that have led to the massive boom in the real estate market in Lucknow.

Social Infrastructure: Lucknow is very well connected when it comes to the social infrastructure. The city has four highways: NH 24 connects Delhi, NH 25 connects Bhopal via Jhansi, NH 28 connects to Mokama (Bihar), NH 56 to Varanasi and four State highways viz. SH 25 connects Hardoi, SH 36 connects Rae Bareli, SH 56 connects Sultanpur and SH 40 connects Mohaan. Amar Shaheed Path or an elevated road, starts from Gomti Nagar and ends at Kanpur Road and connects large parts of the city. Lucknow also enjoys great rail and air connectivity. The icing on the cake has been the development of Lucknow Metro. This has resulted in the development of a number of real estate projects.

The Real Estate Developers: Residents of Lucknow are attached to the city. They have bought plots of land for their forever homes. Research indicates that Lucknow has witnessed private developer presence more than 30 years ago with planned plotted developments by some local developers. In the last few years, several real estate developers have entered the market. These developers have helped in the establishment of multi storied projects and modern townships. The developers have also purchased plots of land which are auctioned by the Lucknow Development Authority or the Uttar Pradesh Housing and Development Board. Majority of these lands are in and around Faizabad Road, Gomti Nagar Extension, Rae Bareli Road and Hardoi Road. Accordingly, a number of real estate projects have come up in these areas.

The Boom in Population: Lucknow has also witnessed a phenomenal growth over the last few years. Policy initiatives of the government and the boom in the economy have resulted in job opportunities, growth of business and a better standard of living. This has also led to an increase in the population of the city. People from neighbouring cities are now migrating to Lucknow in search of a better quality of life. This has provided a boost to the realty in Lucknow as well.

Easier Sources of Finances: Borrowing a home loan has become easier than before. Banks and NBFCs have slashed the home loan rates substantially. In fact, SBI offers the Lowest Home Loan Interest Rate Starting at 8.40%. Access to cheap home loan rates also means that people have more liquidity to afford real estate. As a result, the real estate sector has received a fillip.

Rise of Medical Tourism in Lucknow: The city is a growing hub of medical tourism. It attracts a lot of patients from Nepal every year. The government of Uttar Pradesh is committed to make Lucknow one of the top medical destinations in the country. Several multi speciality hospitals have been set up in Lucknow with world class facilities. This has resulted in the influx of both patients and medical professionals looking for housing options in Lucknow. Therefore, rise of medical tourism has also led to the growth of real estate developers in Lucknow..

Stop Your Search for Your Service Apartment with Paarth Infrabuild

Lucknow, the city of Nawabs, is developing at a very fast pace. With the introduction of metro rail in 2017, Lucknow has joined the league of others in becoming a smart city. This has also led to a boom in the real estate market in Uttar Pradesh. Investors are keen to pick the right investment options in real estate to reap the maximum benefits in the future. Several business houses are also setting up offices in Lucknow and exploring the options to set up service apartments for their executives. Finding the right service apartment which is at a great location, offers amenities and ease of access, and within the budget can be challenging. But with Paarth Infrabuild, you can be assured – you are in safe hands!

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Why Paarth Infrabuild?

Paarth Infrabuild is RERA certified top real estate developer in Lucknow. Through the years, Paarth Infrabuild has earned a name for itself to become a reliable, recognized and recommended name in the real estate sector. Development of residential property is one of the key forte of the group. Paarth Infrabuild prides itself in setting the benchmark of innovation in the real estate industry.

Paarth infrabuild

It has developed 4 major projects in Lucknow customized to the needs of the clients. The residential projects developed come with premium fittings & fixtures along with round the clock power backup, excellent ventilation & designs that ensure optimized natural lighting, and word class club facilities. To ensure maximum safety of the residents, earthquake resistant RCC frame structure is used for construction. Paarth Infrabuild is an environmentally conscious company and reduces its carbon footprint by using eco-friendly building materials and technology.

Choosing the right project for the best service apartment -A service apartment is a cost-effective option which comes with all the basic amenities of a hotel but is substantially cheaper than hotels. A recent trend indicates that business travellers are likely to prefer a service apartment over a business hotel due to the extra space, privacy and flexibility offered. So it is important to choose the right residential project which can house the service apartment. Each of the four projects developed by Paarth Infrabuild offers something unique to suit your needs. If you are looking to buy a service apartment at one of the projects of Paarth Infrabuild, the dedicated customer service team at Paarth Infrabuild is available 24 x7 via email, phone, chat, and social media. Please visit: https://www.paarthinfra.com/ to know more.