Lucknow Property
Lucknow continues to draw a large number of real estate investments despite reaching a mature stage in the real estate sector. Lucknow offers world class commercial and residential property be it apartments, retail space, builder floors or independent houses.
The following chart below is specially designed keeping your needs in mind. The following are the finest localities in this area with their updated property rates. This comprehensive chart will give you the clear picture of the existing market trends in Lucknow and the best areas in the capital to buy or sell the property.
Lucknow real estate market has gained momentum over the last 2-3 years. The city offers substantial potential for future growth and this is being supplemented by proactive policies of the state government.
Lucknow property was never so highly in demand before. The real estate of Lucknow is one of the many booming sectors. The Lucknow property market has not just doubled in size but has also displayed an entire paradigm shift to a more contemporary real estate development form. One can find upscale properties coming up in different parts in and around Lucknow.
Real estate giants like DLF, Omaxe, Sahara, Unitech, Ansal API, EmaarMGF, Parsvnath etc. are creaming her potential. Lucknow is one of the few Indian cities that follows vertical outgrowth plan like Delhi, Mumbai, Surat, Ghaziabad etc.
The city boast handsome skyline in Gomti Nagar, Hazratganj and Kapoorthala. The highest under construction building is Sahara Hospital which will have 35 floors followed by Metro City(30 floors), Parshvanath Planet(25 floors) and Omaxe Heights(23 floors). Presently the highest buildings are Shakti Bhawan(21 floors) and OCR(20 floors ). The city boast high property expansion rate. It is expected that city will have $2.5 billion organised real estate by 2010.
Lucknow Development Authority (LDA) has taken active initiative in all round development of Lucknow.
Land banks are being auctioned in specified locations to bring about a planned development of the city.Proper planning of the city's infrastructure and of amenities and utilities is being done to support future growth and development in the city.The entry of a number of national level developers and retail brands in the city points towards the positive outlook for the city. With the backing of quality manpower availability, supportive policies and increasing purchasing power, Lucknow will emerge as a key IT/ITES as well as retail destination of North India.
The major residential property in Lucknow is available at Hazratganj, Gomti Nagar, Indiranagar, Aliganj & Mahanagar. Then there are colonies like Alambagh, Aminabagh, Chowk and Kaiserbagh that have a bit congested residential set up.Now the Lucknow is extending with all the leading developers coming up with projects in sultanpur road, Rae-bareilly & Sitapur road.
Top builders and developers in India including Eldeco, Parsvnath, Uppals, Omaxe Builders and Sahara Housing are planning some of their most ambitious projects to be developed on Lucknow property.
In the past two years, the property investors have earned returns of more than 20 - 50%. Plots for sale in Lucknow have the maximum rates in the properties being developed by Ansals API, Eldeco Group and Omaxe Builders. Second to them is property in Janakipuram and Indirapuram, followed by Hardoi Road, Sitapur Road and Rae Bareily Road.
