As the capital of Uttar Pradesh, Lucknow alias the city of Nawabs stands distinguished for its rich culture and food. The city carries a long legacy of possessing a unique intellectual environment and diverse etiquettes. Recently, this ancient city has witnessed many transformations.
Embracing the modern start-up culture, it has become the epicentre of major IT companies and Industries. Flaking its traditional garb, the city is emerging as a core of modern lifestyle, with a sky-scraping investment, institutional development and progressive viewpoint, making it an ideal destination for the property investment. The rapid materialization of several real estate projects in Lucknow testifies the massive underlying potential in the city which can be leveraged.
Adding to the grandeur of the city, many real estate companies are constantly erecting numerous bigshot residential and commercial townships. Overall, the city offers endless opportunities to explore and is certainly a happening destination for the property investment.
In this blog, we will discuss the top reasons why property investment in Lucknow is a great idea .
Numerous property options:
Whether you are looking for a luxurious villa or an affordable home or commercial space, Lucknow city has everything for everyone. Catering to the different segments of the population, many real estate groups have developed townships that are equipped with various facilities.
It’s all about exploring different options and selecting what suits your needs. For instance, Grand Omaxe is a world-class residential township in Lucknow by Omaxe Group. The project comprises 2 and 3 BHK homes along with a ritzy penthouse and is ideal for those seeking to buy their dream home in the city of Nawabs.
Apart from that, the group has also constructed a Metro City at Raibareli Road that encapsulates all the luxurious facilities and gives numerous living options like independent floors, villas, and plots in Lucknow. It’s an integrated township where you will find all the state-of-the-art amenities to give you the most comfortable life.
Since the city is the capital of Uttar Pradesh, it remains the epicentre of all the development activities. Having its name in the list of fast track smart cities, released by the ministry of urban development, it is expected to witness even more development in the coming days.
Currently, the major development projects being initiated in the city are the renovation of Charbagh railway station, construction of a new airport terminal, outer ring road project to decongest heavy traffic inside the city and much more. Also, in the entire eastern UP, most of the development is happening in Lucknow. This enormous development will further give momentum to businesses and industries and unlock numerous job opportunities.
Lucknow offers seamless connectivity through rail, road and air with all Indian cities. Major highways that pass through Lucknow are NH25, NH28 and NH56. If one wishes to travel to the city from the adjacent regions, the bus facilities are also easily available from Allahabad, Varanasi, Kanpur, Agra, Jhansi, Delhi and other nearby cities. The world-class Chaudhary Charan Singh International Airport is also easily accessible through all means of transport.
The icing on top of the cake is the outer ring road project that is being completed at a rapid pace. When ready, it would connect 104 villages, five national highways and 6 state highways with Lucknow.
With Lucknow Metro rapidly expanding, the city is getting a convenient and environment-friendly means of transport just like Delhi. The metro Phase 1 helped Lucknowites to not just travel faster, but also at cheaper rates.
The conclusion of Phase 2 of Lucknow metro, will assist in making connectivity pan-city even more seamless. The metro project will also give a boost to both inter as well as intra-city connectivity.
All the aforementioned factors make property investment a lucrative option in Lucknow. If you are planning to buy a flat or commercial space in Lucknow, you can visit the website of Omaxe and explore a variety of options.