Lucknow is all set to become a hot realty hub. The capital city of UP has been witnessing an appreciable growth.
Lucknow termed a better home and investment destination.
LUCKNOW: Realty booms where there is good infrastructure and connectivity. This is common. This is the same thing what happens in Lucknow now.
The city is growing very fast. If it continues to grow like this, then there is no doubt, the city will become one of the most sought after cities in the country.
However the builders are rushing to the Capital city of UP now to purchase lands for development. Why do they rush? They do have to rush otherwise they are sure of losing a better chance to gain higher returns.
Lucknow, with proposed IT city and international stadium, has become more favorite destinations for both the investors and the end –users. With the launch of IT city more people will be getting jobs in the city.
If the IT City will offer job security, the proposed international stadium will assure better appreciation. What else do any investors need? Moreover once the international stadium is completed, Lucknow will find a place in the world map as well. I mean it will be known for this stadium when some matches are held.
Top realty developers like Omaxe, Ansal API, etc. are now targeting Lucknow.
The demand for housing units has doubled in the city. To meet this increasing demand, the builders are coming up with a handful of projects. Many of the top builders have projects in the city now.
Paarth Infrabuild is one among them. The group has announced an investment of over Rs.1400 Cr for residential development. The group will develop projects in Gomti Nagar extension area on Sultanpur Road.
Speaking on the investment, Pradeep Misra of Paarth Infrabuild Ltd said that Sultanpur Road is one of the hottest real estate destinations. The group plans to complete the projects within six years’ time.
Mr. Misra said that the housing project mainly aims at the professionals. Apart from them, Ansal API and Omaxe Group also have projects on Sultanpur Road.