The real estate sector progressively jumped in recent years in Lucknow, and this city is now known for its high standard of living. Despite slow growth in the real estate sector decades back, the recent year has completely revamped the city outskirts with good investment prospects. The city of Nawabs has seen exponential growth in the real estate market. Today, many real estate tycoons have their eye on Lucknow. Despite pandemic outrage, the buys have continued to show interest in flats in Lucknow for investment purposes.
The city comprising middle-class professionals, private company executives, and government servants is now aspirational for a life of quality and comfort, just like in an ultra-modernized metropolitan city. Most importantly, Lucknow people whon\t give up the greenery in any way are only looking for projects with ecologically sustainable green housing and amenities. Let’s take Gomti Nagar as an example; this area in Lucknow has seen enormous government and private sector players make considerable investments. Still, the greenery part has been affected in any way.
However, Lucknow is evolving fast with all the infrastructure, amenities, and quality of life, but it remains a classic old cultural town from a price and economic point of view. The city is far more affordable in terms of everyday products and services required for an average-income family compared with metro cities like Delhi and Mumbai. The affordability factor in the real estate sector too. This doesn’t mean Lucknow doesn’t have high-end projects, but the city offers more affordable housing, which can help you earn money in the future.
With the private sector emerging, top-notch companies are likely to step in on Lucknow soil, creating opportunities for locals and nearby towns. With the new crowd entering the city for work would even need a space to stay; that’s where your 2BHK flat in Lucknow will come into the picture.
Affordable housing locations include Gomti Nagar Extension, Indira Nagar, and new allotted sectors of Gomti Nagar township. You can find several emerging projects catering to your needs.
Looking for properties at Amar Shaheed Path: Average price is around Rs 60 – 80 lacs / 3-BHK flat in Lucknow.
Looking for properties at Faizabad Road and Sitapur Road: Average price is around Rs40-50 lacs / 2-BHK & 2.5 BHK.
Looking for properties at Sultanpur Road and Raebareli Road: Average price is around Rs25-40 lacs. / 2-BHK & 2.5 BHK
