With the new upcoming metro services into the city of nawabs, Lucknow’s real estate market is all set to get a new glorious look. Since, well-built connectivity is the key factor of development, and hence the real estate values, the property values have already started surging in many parts of the UP capital.

Falling along the North-South Corridor, areas such as Indiranagar, Krishnanagar, Hazratganj have already started witnessing a price rise.

Also, Alambagh, a commercial hub, where the market has become festered due to piling inventories is expected to bounce back with the upcoming metro connectivity in the city.

Jaipur is likely to be the first Tier-II city to get the metro rail on the track, but the speed with which the Lucknow has jumped on the movement is nothing short of amazing.

The Metro Railway project is designed to reduce the traffic cramming on the roads.  It will also make the Lucknow Airport easily accessible from any part of the city, thus making the connectivity more time efficient for the residents.

The work on the first phase of the ambitious metro project will commence in December this year and is expected to get over by December 2016. It would cover a distance of 24 kms from the airport to Munshi Pulia and is expected to cost around Rs 17,000 crore.

The two extensive corridors envisioned include, the North-South Corridor and East-West Corridor. The former 27 km corridor, starts at a station near Amausi Airport and ends at Indiranagar. The latter 13 km stretch starts at Gautam Buddha Marg and terminates at Vasant Kunj on Hardoi Road.