Real Estate in India: What’s Up With the Tier-2 Cities

Posted by Rahul Bansal
3
Jul 23, 2015
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The real estate market in India is dominant by the revenues generated by metropolitan cities. However, it is impossible to avoid the contribution that smaller cities make in the overall success of the industry. We seldom ignore these cities and this is the reason why buyers often ignore these regions and their developing localities. Amongst different localities in this cadre, Lucknow and connecting regions are the ones that have gained popularity in the near future. It would be interesting to unveil the benefits and return on investment that one can look up to.

Raebareli Road, Lucknow: Is it the New Dark Horse?

Raebareli Road is the route that let travelers depart from Raebareli and enter the outer zones of the capital of Uttar Pradesh, Lucknow. You may not find much construction in the area but the lands and mushrooming industrialization in the region is expecting to see a high number of migrants flocking the city soon. There have been renowned universities and manufacturing plants that have set up their branches in the locality, lately.

These aspects have already sowed the seeds that can yield better outcomes in terms of real estate investment and home buyer’s satisfaction. Let us have a look at some of the projects here:

Highlighted Residential Hub

  • Kalp City by GSR Builders & Developers Pvt Ltd

Kalp City is touted to be one of the most ambitious residential projects in the Lucknow city. Spanning across an area of 50 acres, kalp city Lucknow is distributed in a total of 50 towers and possess more than 700 housing units. By choosing to stay in the residential complex, a buyer can enjoy the luxury of open space and can also take the advantage of a well-laid commercial complex as well. The entire complex has paved compound and the apartments within Kalp City Lucknow is available from a starting price of Rs 13 Lakhs. Some of the amenities here:
  • Open landscape area
  • Spacious parking lot
  • Beautiful garden area
  • Excellent security systems
  • Power backup 

  • Horizon Anant

Horizon Anant is yet another upcoming residential project in the developing city of Lucknow. The residential complex has a good number of location advantages and has amenities that match with the likes of buyers of this age. Apart from the facilities, Horizon Anant will be offering buyers apartments within a price range of Rs. 28 Lakhs to Rs. 50 Lakhs. The buyers can be assured that the township will offer them all sorts of benefits that are expected out of a township and as per their new-age requirements.

Before We Go

Lucknow is an upcoming city on the Indian real estate landscape and is expected to offer some of the excellent residential townships. The complexes can offer the buyers a high rate of return in future as the city is experiencing growing industrialization. Further, this aspect is also expected to give rise to high migration rate and hence an evolving real estate arena here.

Author Bio

Vineeta Tiwari is a keen writer on Economy and real estate markets and trends. Her latest article talks about the ‘city of Nawabs’, Lucknow, emerging localities and some of the upcoming real estate projects here. For further info, you can reach her at vineetat1204@gmail.com
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