The prolonged slowdown in the real estate sector in India dragged down metropolitan cities. However, speaking of the state capitals and Tier-II cities, its impact was not seen when one looked at their price growth. Lucknow was one of the cities that was leading this pack of cities that defined the overall mood.
The state capital of Uttar Pradesh saw the sharpest movement, where property prices increased over 13 percent in the past five years as per the Reserve Bank of India’s (RBI) Housing Price Index for the December quarter of the financial year 2018-19. Considering various parameters, the city of Nawabs is growing and luring a huge number of investors to its ever-expanding property markets.
If you are also tempted by its old-world charm and you want to know which localities is best to invest in Lucknow or you would like to know which localities in Lucknow are seeing the highest growth, then this article is just for you.
Top Places to invest in Lucknow
1. Hazratganj
With a livability score of ten, Hazratganj is the best locality in Lucknow for settling down. It is one of the oldest and the most well-known localities. It is popular for its charming bazaars, lavish hotels, theatres, shopping complexes, and restaurants.
Omaxe Group is offering plush apartments and penthouses at its luxurious property, Hazratganj Residency. The properties would cost you anywhere between 41.4 lakhs and 1.85 crores. Equipped with all the latest amenities, it is one of the most modern places to live in Lucknow.
2. Butler Colony
With a livability score of 9.6, Butler Colony is known for its state-of-the-art social infrastructure. Along with well-developed houses, this locality has some of the city’s best educational institutes, hospitals, hostels, and restaurants as well. If you are planning to invest here, then you will be spoilt for choices. Be it apartment projects or villa-based constructions, this plush area is bustling with new luxury developments.
Here, you will find a number of ready-to-move-in and under construction projects. You can invest in a property in Butler Colony as per your budget.
3. Charbagh
This locality has a livability score of 9.5. The main railway station is located here and it is also connected to the remaining city via a metro network. Charbagh Metro Station falls on the red line of the Lucknow Metro. It makes perfect sense to invest in a property here. It has all the ultra-modern facilities and ensures a great lifestyle for its residents.
4. Hasanganj
Living in this locality of Lucknow is comparatively more affordable than in others. It has a livability score of 9.2. Property prices in the Hasanganj locality are reasonable. It is close to some of the prime areas of Lucknow, including Kutubpur, Purana Haidarabad, Mukarimnagar, Nirala Nagar, and Vivekanandapuri. There are ready-to-move-in projects in this locality of Lucknow.
Also Read: Top five localities to invest in Delhi/NCR
Conclusion
There is a noticeable growth in the number of buyers owing to the growing opportunities in Lucknow. The city offers all the modern facilities needed by real estate investors by being a favorable place to invest. Lucknow has emerged as a real estate hub and a prime location for property investments.
Omaxe Group is your best bet when you plan to invest. Mr. Rohtas Goel, a visionary first-generation entrepreneur and civil engineer, founded the brand in 1987. It is known for undertaking dependable construction and contracting business. The company diversified into the real estate sector in 2001.
It got listed on both stock exchanges (BSE and NSE) in 2007. Its motto is ‘Turning Dreams into Reality’ for which it has always stayed true. Omaxe has delivered so many engineering marvels and landmark projects. It has created a niche in luxury as well as affordable segments.
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