Lucknow, being the capital of Uttar Pradesh and popularly known as the city of the Nawabs, is rich in its culture and food. It is pretty famous for its unique intellectual environment and diverse etiquettes. Recently, the city has undergone several transformations.
From the modern start-up culture to becoming the epicentre of IT companies and industries, Lucknow is shedding its traditional garb. Growing in terms of lifestyle, investment, and institutional development, Lucknow now sees a progressive track for the real estate industry.
The city has massive potential to be leveraged as a location of real estate investments. Adding to the unique grandeur of the city, real estate companies are rising with the constant erection of various major residential and commercial complexes. Additionally, the town has multiple opportunities to explore and currently has a famous market for property investment.
But why is that so? This blog talks about the various reasons that make Lucknow fit for property investments. Are you one of the investors looking for options to invest in Lucknow but haven’t made up your mind yet? Then read on.
As previously said, being the state’s capital, Lucknow has become the epicentre of all the major developmental activities. As such, it is also considered as one of the fast trach smart cities under urban development.
The city is supposed to witness additional developments in the upcoming days. Currently, it is undergoing significant infrastructural development of the renovation of the Charbagh Railway Station, construction of the new airport terminal, out ring road project to divert the congested traffic, and various others.
You would be glad to know that Lucknow is undergoing most of the developmental projects in the whole of UP. Such developments provide more momentum to businesses and industries to flourish and welcome more job opportunities.
Luxury in Your Budget
Lucknow city is the heart of Uttar Pradesh, which is linked to the five major highways. The five highways of Lucknow are Lucknow Kanpur Road, Lucknow Rajbareli Road, Lucknow Faizabad Road, Lucknow Sultanpur Road, and Lucknow Dewa Road.
These posh areas are suitable for investments and provide you with all the luxury you need. Whether you need water, electricity, school, universities, transportation facilities, fruit and vegetable markets, shopping malls, etc., you need not worry at all.
These necessary and luxury needs in these areas are fulfilled within your budget and satisfaction. What could’ve been better?
The commute facilities in Lucknow are pretty expansive. The cities are connected through rails, roads, and air networks. The metro rail network enables local conveyance experience in the city, which has made the facility even more efficient and faster. Additionally, it is more convenient locally.
The city houses the significant highways of NH25, NH28, and NH56. Furthermore, the Chaudhary Charan Singh International Airport accommodates the landing and take-off of hundreds of flights.
A Hub of Education
Lucknow is the epitome of educational institutions. It houses several reputed schools, colleges, and universities. While the infrastructure and industry growth of the city is growing at a rapid pace, the number of good educational institutions is also increasing.
While the existing reputed schools are upgrading themselves in various sectors to walk with the changes around, various new schools are emerging with provisions of premium education to the students. Schools like Indus Valley Public Schools are expanding their branches in different parts of the city.
Additionally, the city has various government educational institutes such as the Indian Institute of Management (IIM-Lucknow), Dr. Ram Manohar Lohia National Law University, University of Lucknow (LU), and Institute of Hotel Management Catering & Nutrition (IHM-Lucknow).
Besides these, the city also has some pretty famous universities such as Amity University, Babu Banarasi Das University, Integral University, etc. These universities distribute quality education in various fields of arts, science, commerce, law, information technology, biotechnology, architecture, medical, etc.
To Wrap It Up
All the factors mentioned in this blog are pretty propelling reasons to invest in the real estate industry of Lucknow. If you plan to buy a property in Lucknow, you can be sure of your decision owning to the reasons you just came across in this blog. The various facilities and developments in Lucknow make investing in commercial real estate in the city a lucrative option.