Overview of IIM Road, Lucknow

Location and Connectivity

IIM Road is found in Lucknow, the capital of Uttar Pradesh. It's a key place due to its strategic spot and growing infrastructure. The area fits into Lucknow's bigger plan to improve its facilities and become a top-class railway hub.

Property Availability

Real estate investors will find many options on IIM Road:

• For Sale: There are currently 233 properties available. Prices for standalone houses range from ₹15.5 Lac to ₹65.6 Lac.
• For Rent: There are 46 rentals, including houses and villas. For instance, a 2 BHK house with 1 bathroom and 1 balcony can be rented for roughly ₹6,000 each month.

Facilities and Amenities

Property buyers often find several amenities in the IIM Road area:

• Residential Projects: Many projects offer gyms, elevators, and modern features. Shalimar Garden Bay has a gym and elevator among other amenities.
• Community Spaces: The place also includes marriage lawns and party function venues for residents to host events.

Surrounding Localities

IIM Road is near some important areas:

• Jankipuram: Known for its residential and commercial development.
• Sitapur Road: Another major area with various real estate options.

Market Rates and Trends

Property prices in IIM Road tend to vary based on the project and location. Here are some general price ranges:

• Shalimar Garden Bay: Prices range from ₹40.82 lacs to ₹1.43 cr for units from 110 sq. mt to 280 sq. mt.

Infrastructure and Development

Lucknow, including IIM Road, is seeing big infrastructure upgrades. The city is becoming a world-class railway hub with advanced facilities, which might enhance property values and livability in the area.

PropertyWala's Conclusion

When deciding to buy or rent property in IIM Road, Lucknow, this area offers a mix of ease, modern facilities, and great connectivity. With various property types from affordable to luxury options, it's a good choice for different needs and budgets. Plus, ongoing improvements in Lucknow’s infrastructure could mean better property value in the long run. As a result, IIM Road could be an excellent pick for buyers and people seeking a comfortable, well-connected living space.