In the ‘City of Nawabs’ Lucknow, it is not only the historical buildings and tempting delicacies that make its top news. Of late, it has gained popularity as a residential hub and has a flourishing realty market. A number of reputed builders including Parsvnath and Omaxe are competing to launch Realty Property for Sale in Lucknow. Its rapidly developing infrastructure and connectivity features are the two among many other reasons why this market is gaining extreme popularity.
In addition to a set of modern amenities, affordability is also a reason why homes are so coveted in the city. Let us talk about a few important localities across Lucknow where you must invest in order to earn handsome returns:
Gomti Nagar and Gomti Nagar Extension
This is probably the fastest growth corridor of the city. It showcases a variegated mix of residential and commercial properties when being easily connected to all important parts of the city. This was also one of the first areas to attract the attention of realty developers as large parcels of land lay undeveloped in spite of being close to the Central Business District (CBD) of the city. Nearly all of Lucknow’s shopping malls and branded stores are situated along this belt. Gomtinagar also houses the headquarters of some of the most prestigious companies like NTPC, LDA, TCS, Hindustan Times and the Passport Office. Quality educational centers, specialty hospitals and world class entertainment facilities further add to its social framework.
Kanpur Road and Faizabad Road
These two belts are also counted among the most sought-after affordable housing hubs of the city. Property under 30 Lakhs in Lucknow can be availed in abundance along these belts. An IT corridor has been planned along the Kanpur Road belt which will boost commercial development in the area. On the other hand, Faizabad Road is known for its retail establishments like Toyota and Nissan. These two locales are very affordable as the varies between Rs 2,500 to 3,000 per sq ft.
Jankipuram and Jankipuram Extension
This belt is still in the initial stages of development so it is rising as another center of affordable living. Though a full-fledged social infrastructure is not in place, the locality is slowly developing. It is an extension of the Aliganj-Nirala Nagar belt and therefore enjoys good connectivity with rest of the city. IIM Road is also nearby which is witnessing good development as well.
Apart from these, Vibhuti Khand, Hardoi Road, Rajajipuram and Raebareli Road also see great real estate development. The main factors contributing towards Lucknow’s realty augmentation are its strategic location surrounded by high-potential micro-markets and the upcoming metro connectivity. However, polluting of the Gomti River is a matter of concern that the authorities must look into.