Lucknow is associated with commercial activity and various other things that it was famous for, such as its rich cultural heritage and mouthwatering kebabs. Investors and businesses are now eying the city due to the high potential for growth.
Its incredible infrastructure development, coupled with affordable property prices, seamless connectivity, and a burgeoning educational ecosystem, propels this transformation. Yet what exactly earns Lucknow an enticing prospect for real estate investment? Let us try to identify some of the factors contributing to this growing appeal.
Infrastructure Boom
Lucknow’s infrastructure is beyond comparison. It is now home to a variety of world-class business activities. With the Smart City Mission already onboard, Lucknow has made its impression with multiple large-scale initiatives, such as:
- Revamping Charbagh Railway Station into a world-class facility that will allow smooth and unhindered movement.
- Construction of the new airport terminal to accommodate increased passenger traffic and increased commercial opportunities at Chaudhary Charan Singh International Airport.
- The development of ring roads will reduce congestion and establish connectivity within the city for easy business operations.
These infrastructural upgrades are creating a multiplier effect due to increased demand for commercial spaces, making investments in retail shops or office spaces in Lucknow enticing.
Affordability Factor
The property prices in Lucknow are still very pocket-friendly compared to those in Delhi, Noida, and Gurugram. This affordability assures investors of maximum returns even with a relatively lower budget. Its strategic location is supported by major highways such as Lucknow-Raebareli Road and Lucknow-Kanpur Road, taking accessibility to a whole new level.
Investing in commercial real estate properties in Lucknow that are close to residential zones offers a long-term value appreciation. This forms a win-win situation for businesses and investors.
Seamless Connectivity
Lucknow is a city readily accessible to businesses, thanks to the presence of wide roads, rail, and air connectivity.
- Lucknow Metro Rail: It enhances local transport with seamless connectivity to key commercial areas.
- National Highways (NH25, NH28, NH56): Smooth access to different areas to other cities of Uttar Pradesh and beyond.
- Chaudhary Charan Singh International Airport: Lucknow’s International and domestic connectivity via an International Airport makes it a business-capable city.
Every residential and commercial property in Lucknow enjoys close proximity to metro stations, highways, and the airport. This incredible accessibility ensures a continuous flow of buyers and investors, sealing great rental income prospects.
An Educational Hub
Lucknow is home to some of the leading educational hubs in Uttar Pradesh, which includes:
- Indian Institute of Management (IIM Lucknow)
- University of Lucknow
- Dr. Ram Manohar Lohia National Law University
These institutions attract thousands of students and professionals who, therefore, create potential demands for residential and commercial real estate property in Lucknow.
Venture into properties close to these institutions will ensure accessibility of huge customer and investor flow, which, in turn, will generate amazing rental income.
Best Real Estate Projects to Invest in Lucknow
If you are looking to invest in a profitable real estate property in Lucknow, here are some highly appealing prospects for you:
Migsun Janpath: this is an ultra-premium commercial project lying along Shaheed Path Road. migsun Janpath boasts
- Business suites
- Food Courts
- Retail spaces
With high-end amenities and in a prime location, this brilliant option would surely suit any investor to generate business growth and footfall.
Ekana Mall: Gomti Nagar Extension is home to Ekana Mall, which provides Venetian-style commercial spaces for luxury-laden business solutions. Such an opportunity is suitable for the following factors:
- High-end retail stores
- Close to International Cricket Stadium
- Close to large residential developments
Rishita Serenity: A perfect residential opportunity to call your next home in Sushant Golf City is Rishita Serenity. These world-class 4 BHK apartments in Lucknow boast the following amenities:
- Modern Clubhouse
- Top-Tier Security Systems
- Lush Green Parks
- WiFi-enabled premises
- Supermarket within the complex
- Swimming pool, gymnasium, and more
This project is suited for growing families and luxury seekers looking for a perfect housing destination.
Final Call
Lucknow has stretched itself beyond cultural attractiveness. It is on its way to becoming a vibrant real estate hub. The pace of its infrastructure growth, favourable real estate prices, and great connectivity make it a preferable investment spot.
The supportive environment for real estate investments includes world-class accessibility, a thriving economy, and a rising customer base. Looking for modern office space while shopping malls are bustling with action and food courts with high attendance? Lucknow has got something for everyone to consider.