According to
a latest report by CRISIL (Credit Rating Information Services) Lucknow real estate
market is going through a transitional phase where lot of activities are going
on there. CRISIL has listed the realty sector of Lucknow city as one of the
fastest growing real estate markets in India. The number of buyers and
investors from national and international market investing in the city has also
increased substantially.
Successful
shifting from traditional homes to new-age high rise apartments among the
modern-day buyers is one of the prime reasons for this growth. To elaborate
further Lucknow’s realty market can be broadly divided into 2 main zones: Old
Lucknow and New Lucknow. People in Old Lucknow prefer independent housing (for
example DLF Gardencity plots) whereas
New Lucknow is dominated by high rise housing solutions. Being the political capital
of Uttar Pradesh the city has witnessed a great infrastructural development that
gave a much needed boost to the real estate sector.
Adding more
to it 3 proposed metro projects will give an additional push to Lucknow market
and will help in unlocking its real potential. Talking further under-construction
bridges across Gomti River, expressways connecting Lucknow to nearby cities has
played a pivotal role in expanding the realty section here. Trans Gomti region
especially Gomti Nagar Phase I, Phase II and Gomti Nagar Extension are the main
centres of development attracting both the developers and the end users. The
region not only boasts of good road network but also offer well-planned civic
infrastructure and close proximity to nearby places. Sahara Hospital and Ram
Manohar Lohiya Hospital are two major hospitals located in the Gomti Nagar
area.
