Since the last three years, India’s Real Estate Sector has seen the price growth and its impact. Leading among all, the overall mood was Lucknow, the state capital of Uttar Pradesh. Across parameters, this city with its known charm is growing and attracting more and more people to invest in its ever-expanding property markets.
The upcoming properties which the investors or buyers are preferring are 2bhk and 3bhk flats in Lucknow, 3bhk and 4bhk flats in Gomti Nagar, Villas in Lucknow, affordable houses which include flats under 30 lakhs in Lucknow, flats under 50 lakhs in Lucknow, and many more luxury houses in Lucknow. Below are the areas which are seeing the highest growth –
1 – Hazratganj:
This would be the most ideal locality in Lucknow if you are looking to settle down in the city. Hazratganj is popularly known for its quaint bazaars, exclusive hotels, theatres, shopping complexes, and remarkable restaurants.
According to Smart Infra Realty, the best Real estate consultancy in Lucknow, there are around 85 ready to move in and 6 under-construction projects in the locality. There are Flats under 30 lakhs having 2bhk and 3bhk units, and Flats under 50 lakhs having 3bhk and 4 bhk units.
2 – Butler Colony:
Butler Colony has a well-developed social infrastructure. It houses some of the city’s best educational institutes and hospitals but also the best hotels and restaurants. You will be confused in case of investing out here – as this posh area is full of new luxury flats developed throughout, villas and many more in the list.
3 – Jankipuram:
When compared to other localities that are mentioned above, the property prices in this locality are affordable and buyers also prefer affordable houses in Lucknow. Hasanganj lies near to some prime areas of Lucknow including Nirala Nagar, New Hyderabad, and Vivekanandapuri. There are many ready to move in projects in Jankipuram, which are upcoming and affordable according to the budget.
4 – Gomti Nagar/ Gomti Nagar Extension:
This is one of the hiked localities in Lucknow, due to its green landscape, easy connectivity to Hazratganj, Shaheed Path, Indra Nagar, and the surrounding areas. The highlights of this area are luxurious hotels and restaurants, schools, shopping malls, and a wide variety to enjoy both city life and nightlife.
Gomti Nagar includes all ranges of flats, luxury apartments, and Villas. Gomti Nagar Extension is coming up with more affordable houses and luxury ones in the list. Here, the investor can consider 2bhk and 3 bhk flats in Gomti Nagar, luxury flats in Gomti Nagar, 3bhk flats and 4bhk flats. This is a well planned residential area developed by the Lucknow Development Board (LDA) and all thehouses are LDA approved in Lucknow. Gomti Nagar is home to high-end premium residential projects but it is also developing as the commercial hub of Lucknow with government offices such as The Reserve Bank of India, NABARD, Lucknow Metro offices. There are many Professional Institutes such as the Institute of Cost Accountants of India, Institute of Company Secretaries of India and Institute of Chartered Accountants of India.
There are many on the list for other upcoming areas in Lucknow. To name some – Alambagh, Indra Nagar, Ashiyana, Sushant Golf City, Eldeco, Rajajipuram, etc. The Governments have shelled out quite a lot of money in the development and building of the beautiful infrastructure of the city.