Lucknow is a city in Uttar Pradesh. Lucknow, the capital of Uttar Pradesh is the most popular city of this state and is famous for its richness in culture and heritage. The city is also known as an educational hub and has some of the best schools, colleges, and universities in India along with top-notch healthcare facilities. The Real Estate sector in Lucknow has been witnessing tremendous growth over the past decade due to growing IT hubs, industrial growth, educational institutes along strong infrastructural development. This growth has attracted many real estate developers to set up their projects in the city offering both residential and commercial spaces to cater to the ever-growing demand of property seekers.
Lucknow real estate market offers housing solutions for every budget and preference. From high-rise luxury apartments to budgeted homes, there’s something for everyone. The most sought-after locations to buy a sasta plot in Lucknow in Gomti Nagar, Aliganj, Indira Nagar, and Hazratganj area with options available from affordable to premium category. The best part about investing in Lucknow property is that it offers great appreciation on investment as compared to other cities making it an ideal destination for property buyers/investors.
Therefore, we have short listed few top reasons why Lucknow is considered the best option for property investment:
1. High Returns on Property Investment:
The real estate sector has always been a profitable one and Lucknow is becoming a major hub for real estate development. The city has many projects that offer good returns on property investment. So, you can choose any property that suits your budget and requirements.
2. Developing Infrastructure:
Lucknow is developing at a fast pace. New projects are being launched by reputed builders which are attracting buyers from across the nation. Many new projects are coming up in areas such as Gomti Nagar, Aliganj, Indira Nagar, and Kanpur road that offer luxurious amenities such as gymnasium, garden area, clubhouse, swimming pool, and much
3. Educational Hub:
However, the education system in Uttar Pradesh is becoming more and more advanced day by day. Almost all reputed educational institutes and universities are located in this state. The best thing about these institutions is that they offer a wide range of courses from undergraduate to research-level studies.
4. Shopping Zone:
Uttar Pradesh is famous for its traditional clothing and unique handicrafts. People from all over the world come here to buy traditional clothes and other items at affordable prices. In addition to that, there are many shopping malls where you can find all kinds of products at affordable rates. Many people visit this place just to do shopping. Apart from that, you can also find many affordable hotels here where you can stay comfortable during your stay here.
5. Property prices are still affordable:
According to research reports, the average property price in Lucknow is Rs 2,857 per sq ft (q-o-q +2%). That is very much affordable comparing other metro cities in India like Delhi and Mumbai where it’s Rs 22,000 per sq ft and Rs 12,000 per sq ft respectively.
6. Real estate market is booming:
Lucknow real estate market is booming day by day with several projects coming up with world-class amenities and features at an affordable price like the LDA plot in gomti nagar. A small example of this is that under Pradhan Mantri Awas Yojana (PMAY), more than 30% houses will
