Lucknow Emerges as a Thriving Real Estate Hub
Lucknow is poised to become a prominent real estate center as the capital city of Uttar Pradesh experiences substantial growth.
Lucknow termed a better home and investment destination.
LUCKNOW: Real estate prospers where robust infrastructure and connectivity are present. This phenomenon is currently unfolding in Lucknow.
The city exhibits rapid expansion. Should this growth trajectory persist, Lucknow is projected to become a highly sought-after city nationwide. Developers are increasingly acquiring land in Lucknow, driven by the potential for significant returns on investment.
With its proposed IT city and international stadium, Lucknow has become a preferred destination for investors and end-users alike. The IT city's launch is expected to generate numerous job opportunities.
The IT City promises job security, while the proposed international stadium should lead to substantial appreciation. Upon completion, the international stadium is anticipated to elevate Lucknow's global recognition through hosting major events.
Top realty developers like Omaxe, Ansal API, etc. are now targeting Lucknow.
The demand for housing units in the city has doubled. Developers are responding with several new projects to satisfy this increasing demand. Renowned builders currently have projects underway in Lucknow.
Paarth Infrabuild is among them, announcing an investment exceeding Rs. 1400 Crore for residential development. The group intends to develop projects in the Gomti Nagar extension area along Sultanpur Road.
Pradeep Misra of Paarth Infrabuild Ltd. stated, “Sultanpur Road is one of the hottest real estate destinations.” They plan on completing these projects within a six-year timeframe.
Mr. Misra added that this housing project is primarily aimed at professionals. Other developers with Sultanpur Road projects include Ansal API and Omaxe Group.