Why You Invest Commercial Property In Lucknow Right Now?

commercial-property-lucknow

Lucknow is emerging as the best city due to rapid development in terms of real estate. After the turns of Gr. Noida, Noida and the Yamuna expressway, it’s the time of capital of Uttar Pradesh to undergoes through rapid transformations. Large numbers of companies are shifting towards tier 2 cities which consist of Lucknow as an important part and this is happening due to the lower operational cost. When we talk about demand and supply in real estate sector, Lucknow is the first term comes through our mouth.

 

Why Lucknow is promising city in terms of real estate sector?

  • Capital values of apartments established at Lucknow are between 10 to 15 percent which is really appreciable.
  • Rising demands of flats lead to the expansion of suburban areas such as Gomti Nagar, Faiz road and Sitapur Road.
  • Real estate sectors are growing in this area due to the rising growth in IT Sector, micro, small, medium sized enterprises and infrastructural development.
  • Some of the new projects are launched inside lucknow which includes Unitech, Ansals, Jaypee and Parsvnath.
  • Authority of Lucknow has planned to rise up many other new commercial and residential projects in Lucknow for catering out the increasing needs of the people.
  • Lucknow is most commonly called as City of Nawabs and to match tier 1 cities, it is trying hard to develop its real estate sector.
  • It consist of large land banks due to which various developer have their eye on such zone
  • Conectivity between different regions of Lucknow has been enhanced with the help of Flyovers, Green belts, and inter connected roads.

Residential properties in Lucknow

Builders have already implemented 9157 residential projects over the area of Lucknow. There are about 600+new projects that are yet to be launched and for this purpose, it consists of 200 dealers. Properties available in this area are tagged with lower prices in comparison to tier 1 cities, price mostly varies from Rs 12 lakhs to 1 crore. Residential properties available in Lucknow are categorized into three parts that includes villas, studios flats and 3/2/1 BHK Flats. The per square feets can varies from 2000 to 4500 per square feet depending on the locations.

Commercial properties in Lucknow

Commercial sectors are building up strong presence in the Lucknow after residential properties. Numbers of malls, office spaces of different sizes are available there. These properties comes up with lots of amenities such as 24/7 power supply, parking areas and lots more.

Major commercial and residential projects in Lucknow

Some of the residential projects bought up by developers over the areas of Lucknow are: -

  • Arsha Infra madhav greens
  • Paarth arka at Gomti nagar extension
  • Sukriti Sai Abhishek Residency
  • Shalimar oneworld Vista
  • Decency Vedic village,
  • Lucknow Heights Infra Dream Valley

And lots more. Heading towards commercial properties bought up by the developer. There are over 500 projects being executed by the developers over the area of Lucknow. There are more than 37 new projects that will be executed very soon and to get into details of these properties, they have provided more than 40 dealers to you. Some of the major commercial property in lucknow undertaken by the developers are:

  • Levana Cyber heights at Vibhuti khandh
  • Unitech gardens Galleria at South city
  • Eldeco Corporate Chambers 2
  • Eldeco Corporate tower
  • Eldeco Elegante
  • Advocate Chambers, and lots more.

Before you buy any properties, it is being advised to you to go through entire details of those properties. Initially, try to fetch knowledge about the current scenario of real estate and then move into it.