Buyers possibly either an end-user or an investor. In cities like Lucknow, property prices are still rational and most buyers are end-user. So there may be not a lot to lose in contrast to say an unpredictable market the place prices fluctuate within every six months. Price escalations in Lucknow were slow but gradual and ambitious.
Due to Metro progress the North-South Corridor, areas such as Indiranagar, Krishnanagar, Hazratganj have already started witnessing a price rise in the capital values.
People of Lucknow have been stylish on available plots, builder floors and projects of the Lucknow development Authority. However because of the realty growth, the town witnessed launch of premium,high end and affordable housing which prompted buyers looking their own house, high disposable earnings, braveness of investment and watching for excellent return on investment.
Hi Rakib, I agree with you but the residents of Lucknow should not but exposed to the apartment culture. While they are used to stay in independent houses, they are slowly adapting to the changing occasions as a result of inflation.The lack of space in the city has pushed land values exorbitantly and multi-storey apartments come as an affordable choice in front of independent houses.
Lucknow is offering options from Rs 12-90 lakh depending upon the option of buyers. Presently, city has housing initiatives in all classes, be it studio apartment, 1/2/3 BHK or villas along with individual plots. Depending on the location, the rates vary from Rs 3,000-5,000 per sq ft.
I am new to Lucknow and this was my first trip for a flat search. I am working professional and recently searching property for my own use. could anyone suggest few project and locality which will provide me good capital return in future?
Hi Gautam, An end-user has a lot of options to consider in areas such as Gomti Nagar, Hazratganj, Faizabad Road, Sultanpur Road, Amar Shaheed Path and Rae Bareli Road. In addition to these, areas such as Jankipuram, New Hyderabad, Vikas Nagar and Indira Nagar can also clock in good rental returns
Hi, If you are looking for under construct projects in Lucknow, I would like to suggest few good projects like:-- 1. Paarth Republic, Lucknow Kanpur Highway By Paarth Infrabuild
2. Krishna Tower, Lucknow Kanpur Highway by Krishna Colonisers
With the upcoming metro into the city of nawabs, Lucknow’s real estate market is all set to get a facelift. Considering that, well-constructed connectivity is the key determinant of progress, and therefore the property values have already started appreciating in many parts of the city.
Lucknow metro project approval is still under discussion.. The govt is still thinking because the project is very expensive.. so yet to see what decision will be taken by the authorities.