The city of Lucknow is fast progressing immensely on two fronts-one with the growth of its population and the other with the growth of its infrastructure, rapid development and housing. However, the main body of the study, “Town and Country Planning Department”, has a multi-year master plan which aims to transform the 197 population clusters around the city into city limits. Moreover, another thing that contributed to the success was that people found it hard to fathom that Lucknow could be more than just Amar Shaheed Path before 2021. Furthermore, with the emergence of IT hubs, schools, colleges, and hospitals in the surrounding vicinity, Lucknow is fast emerging Tier-II city.
A New Beacon of Business in Lucknow
Known for their innovation and timely delivery, the Migsun Group, known for their commercial projects, is a fastest fastest-growing real estate firm in Northern India. Their latest commercial offering – Migsun Janpath – is tactically located right opposite Amar Shaheed Path (A four-lane and 22.5 km elevated outer bypass road), and due to its proximity to some of the most premium surrounding locations, the commercial investments that will pour into this project will be greatly enhanced. Let us look at how Migsun Janpath’s surrounding infrastructure is bound to enhance its commercial investments.
- Amar Shaheed Path: This project was envisaged by the former Prime Minister of India, Shri Atal Bihari Vajpayee, and its foundation was laid in 2001. An integral part of the east-west corridor, Amar Shaheed Path connects the Lucknow-Kanpur road (NH-25) with the Lucknow-Faizabad road (NH-28) via the Lucknow-Sultanpur road (NH-56), stretching over 22.5 km this four-lane flyover has reduced commuting by nearly 50%. Moreover, this flyover connects to the Gomtinagar Extension, allowing residents to commute hassle-free, and now, with Migsun Janpath slated to come up by December 2024, this place will not only attract visitors but will also enhance commercial investments.
- Thriving Hub: The area around Migsun Janpath is teeming with retail shops, restaurants, hotels, and entertainment centres, establishing a strong investment potential.
- Sushant Golf City: This high-tech township, sprawling over 21,600,000 square metres, is located on the Amar Shaheed Path and is only a 7-minute drive from Migsun Janpath. Moreover, with the upcoming Migsun Janpath mall, the residents of the Sushant Golf City township will frequent this mall; at the same time, this place will attract more investment in the years to follow.
- Chaudhary Charan Singh Airport, a.k.a Lucknow International Airport: Constructed in the year 1986, this airport was initially opened for government officials and private operators, but by the year 1996, the Airport Authority of India (AAI) expanded its operations and fast-forward to 2012, this airport achieved its international status. With a huge influx of tourists within the country and globally, it’s just a 15-minute drive from Migsun Janpath, making the Migsun Janpath Mall is retail hotspot for visitors. Visitors will get a picture-perfect view of the mall while travelling from the airport towards Amar Shaheed Path and will have staying options as well.
- Ekana Cricket Stadium: Constructed via the public-private partnership between Ekana Sportz City and Lucknow Development Authority, this stadium was built in 2017 and hosted its first International cricket match in 2018. Moreover, it also hosted the ICC Men’s Cricket World Cup last year and the Indian Premier League matches. With cricket aficionados frequenting this place not only from Lucknow but from across the country, this stadium is just a 2-minute drive from Migsun Janpath.
- Medanta Hospital: Situated in Pocket 1 of the Sushant Golf City and nearby Migsun Janpath, this healthcare centre will augment the mall as there is a dedicated medicare floor within the mall with 50+ medical consultation rooms attracting medicare investments.
- Hazratganj: Dating back to the 18th Century, this is Lucknow’s bustling retail market, just a 10-minute drive from Migsun Janpath. Furthermore, many businesses operating out of Hazratganj will eye Migsun Janpath as their next commercial destination, given its strong growth potential.
- Charbagh: Home to Lucknow’s thriving railway station, this area is just a 12-minute drive from Migsun Janpath and will attract a lot of office-going crowd to this mall, given the presence of office spaces there.
Investing Migsun Janpath – Investing in Top Commercial Property in Lucknow
Migsun Janpath, poised to be an investment goldmine, will open up a world of possibilities for business owners seeking great growth potential. Additionally, the Lucknow Development Authority has generated a revenue of over $6.5 Billion through the sale of commercial plots, further enhancing the commercial investments within the city. Now, let us look at what makes Migsun Janpath a project worth investing in:
- Exclusive high-street retail, luxurious hotels, food court, fine-dining restaurants, and studio apartments cum business suites.
- A dedicated shopping plaza called Meena Bazaar will feature Fashion, jewellery, footwear, apparel, food & beverages, and entertainment-based amenities.
Conclusion
As discussed above, Migsun Janpath’s surrounding infrastructure will certainly enhance commercial investments and will further bolster Lucknow’s already thriving commercial real estate development and economy. Investors seeking a tremendous growth potential will definitely benefit from this upcoming project.
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