What was once counted among Tier-II cities in India, has grown by leaps and bounds in recent years. Lucknow, the city of Nawabs, is no longer just the epicenter of heritage and the foodies’ den; in fact, it’s now witnessing massive IT and infrastructural developments. Needless to say, now makes for the perfect time to invest in its real estate, owing to the master plan that’s all set to give it an image overhaul. Let’s dig deeper into what makes Lucknow an irresistible investment hotspot:
#1: Master Plan 2021
With an aim to bring about 197 neighboring villages into the fold of the overhaul plan, the Town and Country Planning division is all set to meet the housing demand and convenience facilities to the increasing population. It is estimated that by 2031, the needs of about 65 lakh residents will be met in the form of commercial avenues and residential projects in Lucknow. This makes for the ideal time to invest in a property in the city, and reap compelling ROI in the near future.
#2: Commercial developments
Areas like Faizabad Road, Raebareli Road, and Sultanpur are some of the many locations that are set to be given a makeover as the new commercial districts in the city. This, in turn, will push prices and values of properties and make way for newer residential developments. What’s more, Lucknow also takes pride in its emergence as a prominent medical hub with multi-specialty hospitals like Medanta and Narayana Hrudalaya Aarogyam located in proximity to Gomti Nagar, a prime business district.
#3: 105-km Outer Ring Road
It is thanks to the growing needs of dwellers that the government recently decided to answer to their commuting woes in the form of a 105-km outer ring road. The project, set to complete before 2021, will cover a whopping 65 fringe villages, and streamline the traffic in the already burgeoning