Why Residential property in Lucknow is the best option for long term Investment?

Posted by Aakriti Singh on February 19th, 2020

Lucknow, the state capital of Uttar Pradesh, has a quite lucrative real estate market. It is considered as a Tier-II city. Many people from surrounding villages are coming to Lucknow for having better facilities. That is why the demand for real estate projects are increasing. In fact, Lucknow Development Authority has planned many development programs which can facilitate the real estate developers. They have approved the construction of a 150-meter wide ring road around the city. There will be a Knowledge park in between Mohan Road and Jail Road. There will be top-class higher education institutes and coaching institutions such as Amity University, Jaipuria Institute in this area.

The Lucknow Metro is also a mention-worthy thing in this case. It will be a driving force for the growing real estate corridors. It also has improved the transport scenario in the city. Many other government projects such as CG City and cricket stadium with a seating capacity of 50,000 people are coming up. In recent times, Lucknow has also witnessed a positive change in the IT developments. Places like Noida is becoming a very important IT hub in this country. According to the recent data given by Central Government, Lucknow is now a smart city. That means this city has good water supply and sanitation, IT to e-governance, waste management to transport, etc.

Lucknow also has a very good tourism industry and it is emerging as a medical tourism spot. Many multi-specialty hospitals such as Medanta, Narayana Hrudalaya Aarogyam, etc. have made their way into the city. Some of the best vicinities are Sultanpur Road, Kanpur Road, Agra-Lucknow Expressway, Gomti Nagar, Raebareli Road, etc. The investors can surely look for Property in Lucknow for long term investments.

Considering all these points, it can be said that investing in real estate market of Lucknow is a very wise option. There will be definitely good returns. The demands of these real estate properties are increasing day by day. The historical and cultural background of Lucknow also helps to attract more home-buyers. That is why one should invest in the Residential properties in Lucknow for long term investment. The city of Nawabs has witnessed immense development over the last few years, and it is an ideal time to invest and earn good returns.