Lucknow's real estate industry is evolving at a much faster pace than ever before. The regional property market has emerged as an epicentre of massive investments in an area.
Thanks to the dynamic nature of Lucknow's property market, the region is among the best locations with high-quality infrastructure, easy availability of resources, and a robust economy.
Thanks to the market volatility, Lucknow is considered a hub for real estate investment in North India after Delhi, Noida and Gurgaon. As the capital city of Uttar Pradesh, the City of Nawabs emerges as a hub for investors who seek long and short-term gains. It is also undergoing rapid progress regarding infrastructure development.
Lucknow soars the peak towards a tremendous future with an international airport, a proposed cricket stadium and the advent of IT companies like HCL.
So, if you wish to make a significant investment in Lucknow, we have designed an overall guide that can simplify the process.
Best Real Estate Projects in Lucknow
Many real estate projects are ongoing in Lucknow. On the other hand, if there is one place on everybody's screen, it must be from Shaheed Path and Sultanpur Road.
These areas across the region are witnessing high demand as they offer hassle-free accessibility to the airport and all prime locations in or around the city. Whether it is a 2 BHK flat or a commercial property in Lucknow for sale, these areas have many real estate projects from notable developers.
Here are some of the most remarkable properties to look out for:
Excella Kutumb
It is located on Sultanpur Road, covering an area of 24,000 square meters to make luxury available to everyone. This is one of the best projects for investment if you are looking for an affordable 2 BHK flat in Sultanpur Road, Lucknow.
A residential apartment in Excella Kutumb offers a comfortable lifestyle with modern amenities, efficient connectivity and location benefits. This real estate is a good investment near large employment areas and leisure spots.
GPCL Brij Tower
If you're searching for the best commercial property in Lucknow, then GPCL Brij Tower Lucknow south must be your destination. This modern commercial plaza is the prime sought-after site of Lucknow. Located in Sushant Golf City, this project offers connectivity to other major areas of Lucknow.
This property hosts the biggest food plaza in Lucknow, thus ensuring assured rentals and high capital appreciations in the next few years. The developer - GPCL group - assures quality and timely completion. Your business here will become very popular. This is mainly because the plaza is in close proximity to both residential (Excella Kutumb Lucknow) and commercial hubs (HCL IT Park).
Rishita Mulberry Heights
Rishita Mulberry is the perfect combination of modernity and classic architecture. This massive property offers tons of amenities and an opportunity to live a serene life. The easy convenience to the closest employment hubs, education centres and services nearby makes it a complete living.
The 80% open space available at Rishita Mulberry Height in Sushant Golf City will give you the best facilities in the closest vicinity. This strategically located property gives you an edge over other residential properties, which promises good returns and a stable rental.
Steps to make an outstanding investment in Lucknow
The real estate investment process can be exhausting and may take a lot of time if you do not know the steps on how to go about it. However, if you arm yourself with the correct knowledge, your combined journey can be far easier than it looks. Here's how:
- Identify where you want to invest because if the area is being developed, your property value will increase.
- Decide on what type of property you’re thinking of investing in. You need to know whether you want your investment in a 2 BHK residential apartment or commercial shops in Lucknow for sale. It seems like an even better idea.
- Set your expectations realistically and base them on historical trends.
- From the start, budget yourself and determine your financing alternatives. Consider consulting a tax consultant.
- Learn more about regional real estate charges, such as registration fees, stamp duty, and property maintenance costs.
- Ensuring that you only invest in properties registered under RERA.
- Invest in properties near the main locations of cities.
- Always invest in promising projects as it ensures you get quality amenities and timely project delivery.
Final Thoughts
Interested in investing in a commercial property? Sushant Golf City, Shaheed Path and Sultanpur Road are really good choices.
Investments made here also demonstrate significant appreciation because of its prime location with easy access to all the city's key destinations. An affordable and comfortable lifestyle, with easy access to modern facilities, educational centres and recreational areas.
Also, find areas that fit your real estate investment, buy into RERA-approved properties and select well-known developers. This will help you ensure your investment is safe, secured and timely.
No comments yet