7 Reasons Why Buying A Property In Lucknow Is A Good Idea!

7 Reasons Why Buying A Property In Lucknow Is A Good Idea-1

Extending along the banks of river Gomti, lies the largest city and capital of Uttar Pradesh – Lucknow. Fondly known as the ‘City of Nawabs’, Lucknow is a historically rich city of India. Its beautiful sprawling gardens, polite mannerisms, fine-cuisine, music, and Shayari, had found a patronage in the Shia Nawabs of the city. Be it residents or tourists, the charisma of rich traditions and the appeal of modern growth in Lucknow city always fascinates its people.

Today, Lucknow is known as one of the most important cities of the country. After securing its place in the smart cities of India, Lucknow is now emerging in various sectors like retailing, manufacturing and commercial. Clearly, with the rise of modern infrastructure, the city is attracting many investors and home buyers.

Here are the 7 major advancements in Lucknow that is giving a boost to its real estate industry:

1.Lucknow Metro:

With Lucknow Metro, the city will find an environment friendly and alternative means of transport. Approximately 90% of the city’s registered vehicles are private. The metro system includes two corridors – the north-south and the east-west. While, the north-south corridor is likely to be completed by 2019, the second corridor is also expected to start operations by 2019. This also gives a rise to employment opportunities, thus boosting the economy of the city.

2.Gomti Riverfront:

With Gomti River slowly deteriorating, the government of Uttar Pradesh took initiatives for the rejuvenation of the same. The Gomti Riverfront project not just helped in beautifying Lucknow but also channelization of water from various other escapes like the Mahdoiya and Ataria escapes of the Sharda Canal System.

3.Agra-Lucknow Expressway:

The Agra-Lucknow Expressway is the longest and the fastest expressway in India. This 302 Km was constructed to reduce traffic and pollution in the city of Lucknow. The expressway also reduced the difference between the cities of Agra and Lucknow. This 6-lane expressway (expandable to 8-lanes) is the first of its kind to be completed in the shortest span of time.

4.Shaane-E-Awadh:

Shaan-e-Awadh, an ultra-chic shopping-cum-multi functional hub, is being developed in Lucknow. It is designed with a slinky string of upmarket facilities, from an amphitheatre to swank multiplexes and ‘high street’ shopping hubs, all being offered along different floors under the same roof. This Connaught Place-Delhi-like commercial centre is expected to complete in two years.

5.The start-up incubator:

Lucknow city is already flourishing with many multi-national companies and IT commercials. It is now expected to come up with the largest start-up ecosystem in the country. The Uttar-Pradesh government has planned to develop a startup incubation hub in Lucknow. The step is going to be very beneficial for the youth of Lucknow and its neighbouring cities. This will also help in the ascent of properties in Lucknow and its surrounding areas.

6.Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium:

The newly built Ekana Cricket Stadium is the first international stadium in Lucknow. It is equipped with all modern amenities and has a seating capacity of 50 thousand people.

7.Medanta Mediclinic Lucknow:

Medanta Mediclinic Lucknow is a 12-acre multi-super specialty clinic and out-patient facility, with an extensive range of healthcare and diagnostic services.

In conclusion, Lucknow currently is one of the biggest investment destinations for homebuyers. With the booming infrastructure, it’s sure to excel the boundaries of a smart city. Moreover, this thriving city is now giving scope for better appreciation which is only expected to grow further. So if you are a homebuyer or looking to invest, investing currently in Lucknow could be your treasure chest. As most of the development is thriving in Gomti, Lucknow, look for projects around the same area. Gomti Greens is one such project located in Gomti Nagar Extension of Lucknow. A development of residential plots, Gomti Greens is set up with modern amenities and facilities that adds to the lifestyle quotient.

3 Benefits of Investing in Lucknow Real Estate

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

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

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

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