Benefits of Investing in Lucknow Real Estate

If you are planning to move to Lucknow this is the best time to do it as the real estate sphere is flourishing. The city whilst retaining its old world charm has developed into a major centre for housing investment. 

Lucknow

Here are some reasons why—

A Great Shopping Hub 

For many Indians shopping is second nature. Earlier in this great city the major shopping areas were the well-known Gomti Nagar and Hazratganj. These days there has been all-round development and shoppers have a whale of a time. Areas such as Faizabad Road, Rae Bareli Road and Sultanpur are seeing development as commercial places and this mean more opportunities for shopping and buying houses.

Construction of Roads to Aid Housing Development 

• In a great piece of news the Lucknow Development Authority (LDA) has given the green signal for the construction of a 150-metre wide ring road across the town which will bring about more housing projects in the city. 
• To boost real estate a 100-km Outer Ring Road (ORR) will go across the city’s periphery. New townships, housing projects and a cricket stadium which are in the pipeline are a part of this road. The benefits of the ORR has been handed to the National Highways Authority of India for approval.

Steps Taken to Boost Transport 

• Every developed city has to have great transport. If one can ensure that the residence is well-connected to the office or even the school it will be a boon. The Lucknow metro which is in the process of being built will be a huge plus. This is bound to make connectivity within the city very easy and this is a major boost for real estate. Residential development and commerce will also receive a shot in the arm. To further aid the process 8 metro stations will be built by the end of the year.

Development in Keeping with the Times 

• The Indian government has come up with a scheme of assigning the tag of Smart Cities to some cities. The city of Lucknow has been granted the privilege of being one of these Smart Cities. In accordance with this scheme the city will be given assistance and funds to improve itself and make it more suitable for the government’s development schemes. Some aspects where there will be assistance is water supply and sanitation, waste management, transport, IT and e-governance. There have steps taken to better the city in all these aspects.
• These days due to increases in salaries one sees the need for bigger apartments. In Lucknow it is no different, therefore in keeping with this need steps have been taken. More and more luxury-serviced apartments are being seen. 
• One of the benefits of investing in the real estate sphere is that Lucknow is emerging as a medical tourism powerhouse. There are numerous multi-speciality hospitals which have 1,000 beds. Many of these hospitals are close to residential townships. 

Lucknow is fast becoming a real estate stronghold, therefore book a house and use the services of the best builders in Lucknow.