Real estate property market news:
Factors Boosting Lucknow Real Estate Market
According to a latest report by CRISIL
(Credit Rating Information Services) Lucknow
real estate market is going through a transitional phase where lot of activities are going on there. CRISIL has listed the realty sector of Lucknow city as one of the fastest growing real estate markets in India
. The number of buyers and investors from national and international market investing in the city has also increased substantially.
Successful shifting from traditional homes to new-age high rise apartments among the modern-day buyers is one of the prime reasons for this growth. To elaborate further Lucknow’s realty market can be broadly divided into 2 main zones: Old Lucknow and New Lucknow. People in Old Lucknow prefer independent housing
(for example DLF Gardencity plots
) whereas New Lucknow is dominated by high rise housing solutions. Being the political capital of Uttar Pradesh the city has witnessed a great infrastructural development that gave a much needed boost to the real estate sector.
Adding more to it 3 proposed metro projects will give an additional push to Lucknow market and will help in unlocking its real potential. Talking further under-construction bridges across Gomti River, expressways connecting Lucknow to nearby cities has played a pivotal role in expanding the realty section here. Trans Gomti region especially Gomti Nagar Phase I, Phase II and Gomti Nagar Extension are the main centres of development attracting both the developers
and the end users. The region not only boasts of good road network but also offer well-planned civic infrastructure and close proximity to nearby places. Sahara
Hospital and Ram Manohar Lohiya Hospital are two major hospitals located in the Gomti Nagar area.
Lucknow Industrial Development Authority (LIDA) is also implying for the development of city realty market especially the Lucknow-Kanpur
Road section where many new projects are coming up in near future. To sum it all Lucknow market is going to establish its mark in coming times thus it is the right time to invest here.
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