Lucknow Real Estate to Get a Boost with the ‘Smart City’

After the development of Noida, Greater Noida and Yamuna Expressway, it is time for Lucknow-The Capital City to show growth in real estate in Uttar Pradesh. As per experts, the city of Nawabs is witnessing rapid development in recent times including the growth of IT Sector.

The recent master plan 2021 has already been proposed a revision and according to this there will be an inclusion of 197 fringe villages under it. This means that the facilities offered by the corporations will also be available to the surrounding areas and outer areas, thereby creating high future appreciation prospects in the newer zones.  In terms of commercial sector development and shopping, areas like Rae Bareli Road, Sultanpur and faizabad Road will be developed into the prime commercial hubs. The surrounding residential markets to these areas will also enjoy the hefty appreciations in terms of value and growth.

The emerging destination for high living:

The Lucknow Development Authority (LDA) has also approved the development of the Ring Road which will be 150 meters wide. This will further boost the development of private residential projects in the surrounding zones.  The master plan of the Ring Road also includes a proposed knowledge park located between the Jail Road and Mohan Road comprising of several coaching institutes, schools, and colleges.  A 100 km Outer Ring Road will be surrounding the peripheral zones of the Lucknow city and will encompass several housing projects by the top developers, CG City and a cricket stadium. The Lucknow Metro Rail project will also give a huge boost to intra-city connectivity and will further lead to the appreciation in values of several residential projects. Bids are already been invited for 8 planned metro stations which will be functional soon. 

The city of choice for opulent living :

The expanding demand of flats and apartments has already led to the expansion of sub-urban areas including Gomti Nagar, Sitapur Road and the Faiz Road. The rapid growth of the IT Sector, MSMEs, infrastructural development and the cost-effective property rates are some of the major attributes that fuel the Lucknow real estate sector.  The lifestyle feature demand has led to the real estate developers to bring a number of luxurious housing projects. 

Lucknow is also present in the list of smart cities which will boost several aspects like transport, sanitation, water supply and waste management in near future. Leading hospitals like Medanta and Aarogyam have already come up in the city. 

If profitability is your pick, then you can go with 1 or 2 BHK apartments. The price for the affordable housing projects starts at just Rs. 30 lakhs. If you are planning on a new property in Lucknow, you can go with the top projects in the city that are scheduled to be delivered by the end of 2018.  If your budget is small, you can even invest in plotted developments.  The infrastructure and social amenities in the city are being aligned to suit the growing needs of settlers. So, what are you waiting? Book your dream home today and get ready to enjoy life at the fullest.