The nature of people in Lucknow is a bit different and that kept the momentum the Lucknow’s property market at the time when the real estate market of other cities is dealing with the issues of unsold inventory and other apprehensions of the prospects.
According to a report, the investors prefer more of the residential plots and independent houses. But, the change in construction style and the increasing number of high-rise projects in the city made the investors consider the newly-designed housing units. Apart from this, the infrastructural changes in the localities especially the ones close to the highway and Outer Ring Road are also paving way for investment here.
Hence, we are listing the top localities to make investments in Lucknow:
Gomti Nagar Extension
The Gomti Nagar extension is located on the bank of river Gomati and the Lucknow Development Authority i.e. LDA constructed dam on the river so as to protect the city from floods. The construction of a dam in the year 2009 gave a new look to the entire locality. The affordable property prices here made this locality a better option for those planning to invest in the plush areas of the Lucknow city. Another reason that makes Gomti Nagar Extension a top locality to invest in the affordable section is its connectivity to multiple workplaces and entertainment arcades.
The capital values in the Gomti Nagar extension is between Rs. 3200-3700 per sq ft approximately.
Amar Shaheed Path
Amar Shaheed Path is listed among the fastest growing localities in the capital city of the Uttar Pradesh state. The calm environment and the serene beauty of this place attract investors and also the end-users. Apart from this, the elevated road from Kanpur Road to Faizabad Road resolved traffic jam issue and this is the biggest reason that the investors are moving toward this locality for investment in the Lucknow city. The close proximity to the Lucknow Amausi Airport, Lucknow Railway Station and other areas such as commercial, entertainment and workplace make this a hotspot in the real estate market of the Lucknow city. The capital value here is between Rs 3300 to Rs 3800 per sq ft.
This locality is the part of Trans Gomti Region Zone 1 and is situated on the National Highway 28. This place connects Lucknow and Faizabad and the availability of land parcels in the area gave a boost to the real estate sector here. In fact, the close proximity to multiple locations like Hazratganj, Gomti Nagar, Mahanagar, Indira Nagar, Aliganj, and Kapurthala make this a perfect place to invest in. The capital values here range between Rs. 2,500-Rs. 2800 per sq ft.
The investors look at the Lucknow city for making investments in ready to move in residential projects that too in a budget-friendly manner. The city offer spacious and strategically located residential projects in the range of Rs. 30 to Rs. 50 lakh.