The Gomti Riverfront Development Project, nearing completion after revitalization of a 12km stretch, is poised to elevate property demand in Gomti Nagar, Hazratganj, and adjacent regions. New infrastructure like pedestrian bridges, cruising facilities, and green spaces enhance living quality, driving investment in luxury apartments, villas, and commercial hubs. This urban overhaul positions...
Indian housing prices saw a modest quarterly increase of 0.89% yet remain 14-15% higher yearly. Lucknow, Ahmedabad and Kochi experienced the most significant growth.
Lucknow is emerging as a prime real estate hub due to infrastructure growth and connectivity. IT city and international stadium boost investment and housing demand.
Studio apartments, despite their small size (avg. 350 sq. ft.), are witnessing rising demand due to affordability and low maintenance costs.
Parsvnath Developers to invest Rs 120 crore in Lucknow's mixed-use project, Parsvnath Planet Plaza, featuring a mall, hotel, and shopping zone.
NRIs from Gulf countries are heavily investing in Lucknow's residential properties, driven by emotional ties and retirement plans. The 2007 Indian Property Show in Dubai highlighted this trend, with Ansal Properties' Golf Villa attracting significant NRI interest.