Gulf Nri’s make a beeline for lucknow Realty.

Property in Lucknow is very much a sought after option for NRIs in the Gulf. There is a large population base of Lucknow working in Dubai and Middle Eastern countries that are looking for high quality life back in their hometown. A large number of NRIs from Gulf countries are investing in residential property in Lucknow in a big way as an after-retirement option. This was the reason why Lucknow properties were in focus at the Indian Property Show held in Dubai in December 2007. The show generated a huge response from Gulf expatriates for a property in Lucknow. Mr. Kunal Banerjee, president of corporate communications and marketing at Ansal Properties and Infrastructure Ltd, said, “There are a large number of NRIs in Dubai who have shown interest in buying a property in Lucknow”. Its Golf Villa in Sushant Golf City in Lucknow priced at about Rs.25 million is primarily targeted at NRIs and high net worth individuals. Main reason behind their interest is emotional attachment with the native land and future security sought by Gulf NRIs.

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