Lucknow - The Ultimate Destination for Real Estate Investment

by Aiden Goh Author
Lucknow is a crucial centre of aerospace, finance, commerce, culture, tourism, pharmaceuticals, design, technology and the likes. Over the past decade, the 'City of Nawabs' has witnessed a massive growth in the real estate sector because of its world-class offerings and unparalleled infrastructure including ready to move apartments such as 3 BHK in Lucknow.

According to India's property pundits, real estate investment in Tier-II cities like Lucknow is being touted as the next big thing and is now compared to new residential projects in Greater Noida West. As the metro cities are slowly reaching their saturation points, it’s time for the focus to be shifted towards markets such as Lucknow with their social infrastructure and vast land areas to be the ultimate destination for real estate investments such as ready to move flats in Vrindavan Yojna.

Factors Which Make Lucknow Most Preferred Place For Purchasing Apartments And Flats

1. Development Procedures Laid Down By The Lucknow Government

Every year, the Lucknow Government sets aside a multi-crore investment for the development authority of the city. The city’s development authority has laid out great plans to make Lucknow as one of the world-class cities in India - close to metro cities such as Kolkata, Mumbai and Delhi. One of those plans included the 302 KM expressway that connects Agra to Lucknow and it successfully came into force in the year 2017 - which speaks a lot about the Lucknow Government’s ambitions.

Furthermore, that's not all because such transportation facilities will give rise to more flyovers, subways, hotels, multi-level parking lots, malls and so on. It helps in improving the interconnectivity between the different channels and currently, reports are incoming that Sultanpur Road and Raebareli are slowly getting connected as well. 

All of these transportation developments will lead to the ultimate flourishment of the real estate sector in Lucknow. This is the reason why investing in ready to move affordable homes like 3 BHK in Lucknow makes more sense. 

2. The Place For Information Technology & Commercial Start-Ups

It’s not too surprising to see Lucknow slowly booming with various multinational companies from the IT and commercial sector, setting up their shops in the city. It is the reason why the city has now become the start-up hub in the northern part of India - almost similar to Bangalore and Hyderabad located in the southern part of India. 

The UP Government has already given out plans to develop a start-up incubation centre in the city of Lucknow. The step is indeed going to be very beneficial not only for the locals but also for the surrounding cities as well. 

Such a developmental move will aid in the ascent of the real-estate properties located in Lucknow - putting the city’s improvement at par with new residential projects in the city. 

3. Infrastructure Is Well-Developed

Since Lucknow is the capital city of Uttar Pradesh, it has a massive network of well-connected flyovers and roads which enhances green belts, smooth transportation, high-tech infrastructure and so on. 

One of the essential things to note is, Lucknow is very well-connected through railways, which will only gets better with the unveiling of the Lucknow Metro, as discussed earlier. Such factors will lead to the booming investment in the real-estate sector of the city including ready to move flats in Vrindavan Yojna.

4. Apartments And Flats With Amenities

The new apartments and flats that are being developed in Lucknow, such as ready to move flats in Vrindavan Yojna, are already laced with new amenities and techniques. Some of the amenities include basic needs such as electrical supply, parking lots, improved connectivity with other cities, schools for children, shopping complexes, healthcare centres and so on. 

Such improvements make it all the more satisfying and intriguing to go forward for purchasing apartments and flats in the city of Lucknow. 

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About Aiden Goh Innovator   Author

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Joined APSense since, November 7th, 2018, From New Delhi, United Kingdom.

Created on Dec 19th 2019 08:11. Viewed 342 times.


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