Residential property in Lucknow

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.

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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.

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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.

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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.

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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..