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Booming Real Estate Market in Lucknow

The real estate market of Lucknow is going through a positive transitional phase. There are many activities going around the city especially in the realty sector. According to a recent report by CRISIL (Credit Rating Information Service of India Limited), Lucknow city is the fastest emerging realty hotspot in India these days. It is this buzz that has established the city as a potential market for investing money in the real estate sector, thus attracting buyers and investors from different parts of the country to come here. Moreover many more developers are also turning towards Lucknow to launch their new projects (residential and commercial both). Among others DLF has emerged as a clear winner. The group recently launched DLF Garden city plots, located on the Rai Bareli Road. The venture is offering freehold plots and is situated amidst lush green surroundings. It would not be wrong to say that this project has added more value to the city’s realty sector.



The real estate sector of Lucknow city has seen a successful transition of users opting for high rise apartments rather than traditional homes, thus changing the entire scenario. Lucknow as a city is classified in 2 sections: old Lucknow and new Lucknow. Traditionally speaking old Lucknow offers independent housing culture where as new Lucknow with a modern approach offers high rise housing culture. Adding more to it are the real estate friendly political and administrative policies that has also contributed a lot towards the developing infrastructure of the city.

Not only this, the real estate segment is also keeping a close watch on 3 proposed Lucknow metro projects that are currently on the developing stage. Once these projects get complete, Lucknow will emerge as the most potential real estate market of the current times. Gomti Nagar Phase I, Phase II and Gomti Nagar Extension are the prime regions going through this transitional phase. On one hand Gomti Nagar offer well-planned roads and civic amenities while on other side there is Central Business District (CBD) providing world-class infrastructure for commercial activities as well. It is this developing pace that has attracted many well-known names of the Indian real estate market to Lucknow city. 

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