Over the past few years, Lucknow, a tier-II city in India, has seen significant growth. There’s a rapid growth of IT and tech parks along with the increasing social infrastructure. Lucknow is an ideal location for seasoned investors or first-time home buyers.
Investing in prime residential properties in Lucknow is a good choice for long-term growth potential. Let’s read about the reasons that make this city a beneficial investment hotspot.
5 Reasons to Invest in Lucknow
- Population Growth- Lucknow is an expanding city. The coming of corporate offices and commercial centres in the city is leading to a huge population influx. As the working population is increasing, the demand for residential apartments is also on the rise.
- High Rentals- Lucknow is growing at a fast pace. As the infrastructural progress is rising, so is the demand for apartments. This huge demand is paving the way for high rentals. Thus, if you invest in high-end projects like Casa Greens Exotica, you can get high returns on your investment.
- Increased Property Value– The city has made major changes in areas including Sultanpur, Faizabad Road and Raebareli Road. The market valuations for properties in these areas have seen a high appreciation.
- Affordability- Properties in Lucknow offer top-notch facilities, but the living expenses are low. Middle-income groups or those looking to buy a home in the city have many options to invest in at prime locations. Buying a property in Lucknow is a smart investment.
- Future regions- Although Gomti Nagar and Hazratganj are the best places to buy real estate in Lucknow, investors are currently focusing on new developments along Faizabad Road, Amar Shaheed Path, Rae Bareli Road, Sultanpur Road, etc.
This is due to lower investment costs but higher returns on investment. In these locations, one can locate many ready-to-move-in developments in Lucknow from the budget to the premium segment.
Profitable Residential Properties in Lucknow
If you are looking to buy a ready-to-move-in property in Lucknow, the two leading projects are Rishita Mulberry Heights and Casa Greens Exotica. The prime reasons for considering these developments are-
- Prime Location
- RERA approval
- High-quality construction
- Well-known developers
The top features and specifications that make these two projects a profitable option are-
|Rishita Mulberry Heights
|Casa Greens Exotica
|RERA Registered Project
|RERA Registered Project
|2 & 3 BHK
|2 & 3 BHK
|Sushant Golf City
|Sectior 17, Vrindavan Colony
|Mivan Technology Construction
|Just 7 km* from Lucknow Airport
|20+ world-class amenities
|10+ high-end amenities
|Radhey Krishna Developers
Embrace the luxury lifestyle with homes that are inviting. With natural light and refreshing breeze, these projects have an appealing landscape dedicated to lush greenery and open spaces, creating a comfortable living experience within the expanding city.
Remember the following as you purchase your home in Lucknow-
1- Ideally, fix your budget. It is the most important factor to consider when making a decision. The cost will be based on the property location and type. This will help you in choosing the best properties in Lucknow.
It would be advisable to assess your present finances, estimating the approximate monthly installments (EMIs) you can pay at a reasonable rate and period.
2- Select the property type- Your budget and other factors like family size will decide what kind of residential home you buy. All the details will help you choose which 2BHK or 3BHK apartments in Lucknow await your stay.
3- The Location is key – Choose a location that will ensure you do not have to travel far from your office, and also, it should be easy for you when traveling to school or work. Also, social infrastructure such as markets, hospitals, railway stations, and airports should be accessible.
Consider areas of Sultanpur Road, Sushant Golf City, Gomti Nagar Extension and Shaheed Path when buying a home in Lucknow.
4- Pick a project registered with RERA- Regarding the point at hand, look for a project registered by RERA. It gives a stress-free purchasing experience with transparency before and after possession.
Lucknow is transforming rapidly. With urban planning, several prominent neighbourhoods, emerging commercial centres and abundant green spaces, there is an increasing demand for residential properties in Lucknow.
Investors or people who are looking to invest in the city can expect high returns as well as value appreciation. This is the right moment to invest in Lucknow’s emerging real estate market.