Overview of Faizabad Road, Lucknow (Note: The info below covers Faizabad Road in Lucknow, not Kanpur)

Location and Appeal

Faizabad Road stands out in Lucknow due to its strategic positioning and amenities. It’s a highly sought-after area, drawing in investors and homeowners.

Property Types and Costs

• Apartments:
  • Average apartment price per square foot ranges from Rs. 4,395 to Rs. 5,050.
  • Specifics, like location and builder, can change prices from Rs. 3,700 to Rs. 6,526 per square foot.
• Independent Houses:
  • Independent house prices average Rs. 5,790 per square foot, with costs spanning from Rs. 1.05 Cr to Rs. 1.62 Cr for examples like VANSHIKA ONTARIO.
• Land Rates:
  • Land rates here fluctuate between Rs. 1,350 to Rs. 3,100 per square foot.

Price Trends

• Year-over-Year (YoY) Movement:
  • Property rates have fallen by 4.1% in the past year.
• Long-term Rise:
  • Property values have risen 31.2% in 3 years, 50.7% in 5 years, and 90.6% in 10 years.

Rental Choices

• 3 BHK Flats:
  • Rental costs for 3 BHK flats vary from ₹18,000 to ₹30,000 per month, depending on the area and furnishings.

Features and Services

• Residential Societies:
  • The community boasts societies like Shalimar Mannat, BBD Green City, LDA Parijaat Apartments, Omega Windsor Greens, and more.
• Lifestyle Amenities:
  • Properties here offer community-centered living and easy access to lifestyle amenities, adding to their appeal.

PropertyWala's Findings

In summary, Faizabad Road in Lucknow offers an appealing mix of affordability and luxury. Even with a slight yearly drop, the area boasts significant long-term property appreciation. It has various property types and rental options catering to different needs. Developed infrastructure and amenities make it a strong choice for both investors and homeowners.