An Analysis of Jankipuram Extension, Lucknow

Location and Development

Jankipuram Extension is an emerging neighborhood in Lucknow, Uttar Pradesh, highlighted by its rapid expansion in both residential and commercial projects. Its strategic positioning makes it appealing to buyers and tenants.

• It is part of the larger Jankipuram area and close to prime landmarks and facilities.
• Significant infrastructure development is being undertaken, enhancing its attractiveness.

Property Prices and Trends

• Presently, the rate per square foot in Jankipuram Extension stands at ₹2,766, with a yearly price movement of +₹341. Nevertheless, observers noted a -19.29% price dip last year, pointing to some volatility.
• To put this in context, we can compare it with neighboring places. Jankipuram, in particular, has higher rates at ₹5,541 per square foot. Mutkkipur is also priced at ₹3,839 per square foot.

Available Property Types

For Sale

• Independent houses span the price range from ₹55 Lac to ₹88 Lac. The cost varies by size and amenities. For instance, a house can cost about ₹7,955 per square foot for a 1,257 sqft property.
• Numerous developers, such as Kesto Infrastructure, AT Dreams Infra Buildcon, and Shree Krishna Associates, offer properties.

For Rent

• There's an array of rental listings including:
  • Independent houses, with rents from ₹7,000 to ₹25,000 monthly.
  • 1 BHK to 3 BHK apartments, renting for ₹13,000 to ₹20,000 per month.
  • Builder floors, villas, and furnished options are also accessible.

Rental Market Insight

• Rental costs change by property:
  • Independent Houses: ₹10 per sq.ft.
  • Apartments: ₹14 per sq.ft.
  • Villas: ₹7 per sq.ft.
• Rental prices are spread across different budget brackets:
  • Below 20 Thousand: 17 properties
  • Below 30 Thousand: 3 properties
  • Below 50 Thousand: 1 property.

Amenities and Infrastructure

• Jankipuram Extension has access to several key landmarks and facilities.
• A variety of opulent homes and modern living spaces, including the ones in Oro Element, exists here.
• The locality is benefiting from growing infrastructure, featuring advanced facilities and transport hubs while Lucknow aspires to become a major railway hub.

PropertyWala's Verdict

Jankipuram Extension in Lucknow exhibits a promising real estate landscape, suitable for buyers and tenants alike. Its strategic position, varied property choices, and ongoing infrastructure improvements make it a credible option for people wanting to invest or live in this area. Still, those planning to buy or rent should note the market's recent volatility and thoroughly assess trends before concluding any deals. In essence, Jankipuram Extension offers affordability, convenience, and future growth potential, standing out as an attractive real estate choice in Lucknow.