Is it the right time to invest in residential properties in Lucknow? Let’s see what the data says. According to the data, currently, 40% of the population in UP is Urban, which is expected to grow to 70% by 2031.
Another survey claims Lucknow is ranked sixth in India’s list of ten fastest-growing job-creating cities. The city is not just known for its tourist attraction and food; in recent years, it has seen rapid growth in the hub of renowned IT companies, new business start-ups, and various Industries joining in.
Like any other tier 1 city, Lucknow has become a progressive and modish city that offers a luxurious or comfortable lifestyle and a massive ROI to real estate investors. Many reputed real estate companies in Lucknow are on a spree to develop elegant real estate projects, and this clearly states the scope of investment in the city.
Connectivity: There is no doubt that Lucknow is well connected with other cities by its extensive rail, road, and air network. Lucknow connects significant highways such as NH25, NH28, and NH56. The recently commenced metro project has made it faster and more convenient for the locals.
Medical facilities: The covid taught us where we lacked, considering that the city is now equipped with more significant multi-speciality hospitals such as Medanta, Narayana Hrudalaya Aarogyam, Lohia hospital, Sahara Hospital, PGI, and many more.
Focused areas: Investors are now developing projects on Faizabad Road, Amar Shaheed Path, Rae Bareli Road, Sultanpur road, etc., for investment. These areas will surely expect low-cost investment but better ROI.
Elevated lifestyle: if you expect a world-class residential township with state-of-the-art amenities in Lucknow, several builders are offering projects near the Ekana International Cricket Stadium and other prominent locations. Such projects include the amenities like a Yoga centre, Gym, Power Backup, High-end Club House, and Swimming pool with a separate kid’s pool.