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.
