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Top 3 Locations for Real Estate Investment in Lucknow

Top 3 Locations for Real Estate Investment in Lucknow

In the ‘City of Nawabs’ Lucknow, it’s not just the historic buildings and tempting delicacies that make the headlines. Of late, it has gained popularity as a residential center and has a thriving real estate market. Several renowned builders including Parsvnath and Omaxe are vying to launch Realty Property for Sale in Lucknow. Its rapidly developing infrastructure and connectivity features are two among many other reasons why this market is gaining extreme popularity.

In addition to a host of modern conveniences, affordability is also one of the reasons homes are so highly sought after in the city. Let’s talk about some important locations in Lucknow where you should invest for good returns:

Gomti Nagar and Gomti Nagar extension

This is probably the fastest growing corridor in the city. It presents a diverse mix of residential and commercial properties while being easily connected to all the important parts of the city. This was also one of the first areas to attract the attention of property developers, as large parcels of land lay undeveloped despite being close to the city’s Central Business District (CBD). Almost all of Lucknow’s shopping malls and brand stores are situated along this belt. Gomtinagar is also home to the headquarters of some of the most prestigious companies like NTPC, LDA, TCS, Hindustan Times and Passport Office. Quality educational centers, specialized hospitals, and world-class entertainment facilities further add to its social framework.

Kanpur Road and Faizabad Road

These two belts are also among the most sought after affordable housing centers in the city. Properties under 30 lakhs in Lucknow can be availed in abundance along these belts. An IT corridor has been planned along the Kanpur Road belt which will boost commercial development in the area. On the other hand, Faizabad Road is known for its retail outlets like Toyota and Nissan. These two venues are very affordable, ranging from Rs 2,500-3,000 per square foot.

Jankipuram and Jankipuram extension

This belt is still in the early stages of development, so it is becoming another affordable housing hub. Although there is no complete social infrastructure, the locality is developing slowly. It is an extension of the Aliganj-Nirala Nagar belt and therefore enjoys good connectivity with the rest of the city. IIM Road is also nearby which is also undergoing good development.

Apart from these, Vibhuti Khand, Hardoi Road, Rajajipuram and Raebareli Road also experience heavy real estate development. The main factors contributing to the rise of Lucknow real estate are its strategic location surrounded by high-potential micro-markets and upcoming metropolitan connectivity. However, the contamination of the Gomti River is a cause for concern that the authorities must investigate.

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