Real estate is an ever-evolving industry and is highly volatile by external forces. These forces keep rotating and changing the epicentre of investment in a given area.
Given the volatility in the market, Lucknow is the epicentre for real estate investment in Uttar Pradesh. The capital city is going through a rapid transformation in regard to infrastructure development as it is emerging as a hotspot for investors who want to invest for long and short-term gains.
With an international airport, a recently commenced cricket stadium, and IT companies like HCL setting up offices, Lucknow is soaring high towards a tremendous future.
Therefore, if you want to make a remarkable investment in Lucknow, we have created a comprehensive guide to ease the process.
Best Real Estate Projects in Lucknow
There are many real estate projects going on in Lucknow. However, if there is one region on everyone’s radar, it’s the Shaheed Path and Sultanpur Road.
The region across these areas is experiencing high demand as they provide seamless connectivity to the airport and all the prime destinations in and around the city. No matter if you are looking for a 2 BHK flat in Lucknow or a commercial shop, these areas have numerous real estate projects going on from renowned developers.
Here are some of the most remarkable properties to look out for:
- Excella Kutumb
Spread across 24,000 square meters of land on Sultanpur Road, Excella Kutumb Lucknow is in the process of making luxury accessible to everyone. If you are looking for an affordable 2 BHK flat in Sultanpur Road Lucknow, this is one of the best projects to invest in.
Excella Kutumb promises a quality living experience with modern amenities, excellent connectivity, and location advantage. This property is a decent investment option close to significant employment and recreational hubs.
- Rishita Mulberry Heights Phase 3
With a perfect blend of modernity and classic architecture, Rishita Mulberry is bound to win your heart. The property, spread across a whopping 85,000 square metres, gives tons of amenities to enjoy and live a life in serenity. Being relatively close to all the employment, education, and facilities provides a comprehensive living experience.
Rishita Mulberry Height enjoys 80% of open space in Sushant Golf City, where you have many amenities nearby. The strategic location of this property gives you an edge over other residential properties, promising good returns and stable rental.
- Migsun Janpath
If you are looking for a commercial property in Lucknow, Migsun Janpath is your address. This state-of-the-art commercial plaza is the most sought-after location in Lucknow. Positioned right on Shaheed Path, your business here will experience great connectivity.
Hosting Lucknow’s biggest food plaza, this property tends to give rentals and very high capital appreciation in the next few years. You can choose any of their studio apartments, retail space, and food plaza. Developed by Migsun, the property promises quality and time completion. Your business here will receive heavy footfall. This is because the plaza is close to the nearby residential (Excella Kutumb Lucknow, Sushant Golf City) and commercial hubs (HCL IT Park).
How to make a remarkable investment in Lucknow
Real estate investment process can be tiring and might take a lot of time if you are not well acquainted with the process. However, with the right knowledge, your investment journey can be much easier than it sounds. Here’s how:
- Research the location you want to invest in since the area’s development will determine your property’s value.
- Consider what type of property you want to invest in. It’s important that you know if you want to invest in a 2 BHK flat in Luckow or a commercial property sounds like a better investment.
- Set your expectations realistically and make your plans based on historical trends.
- Make your budget and understand your financing options from the beginning. Consider consulting a tax consultant.
- Understand the hidden costs like registration fees, stamp duty costs, and property maintenance costs.
- Make sure you only invest in properties that are RERA-registered.
- Invest in properties that are easily connected to all the major destinations around the city.
- Always invest with renowned developers since that will make sure you get quality amenities and time delivery of your project.
For anyone who wants to buy a 2 BHK flat in Lucknow or invest in a commercial property, the Shaheed Path and Sultanpur Road are great options.
With a prime location and easy connectivity to all the city’s prime destinations, investments made here are showing great appreciation. Life here is easy, affordable, and close to modern amenities, educational hubs, and recreational sectors.
Excella Kutumb and Rishita Mulberry Heights are great options for residential projects. However, nothing comes closer to Migsun Janpath on Shaheed Path road for a commercial investment.
Study the location, invest in RERA-approved properties and always choose renowned developers. This will ensure that your investments are safe, secured and delivered on time.