{"id":3847,"date":"2021-10-04T09:10:19","date_gmt":"2021-10-04T09:10:19","guid":{"rendered":"https:\/\/www.omaxe.com\/blog\/?p=3847"},"modified":"2024-02-02T10:40:58","modified_gmt":"2024-02-02T05:10:58","slug":"outer-ring-road-to-make-lucknow-a-realty-hotspot-in-uttar-pradesh","status":"publish","type":"post","link":"https:\/\/www.omaxe.com\/blog\/outer-ring-road-to-make-lucknow-a-realty-hotspot-in-uttar-pradesh\/","title":{"rendered":"Outer Ring Road to make Lucknow a Realty Hotspot in Uttar Pradesh"},"content":{"rendered":"\n

(By Mukesh Kumar, CEO, Omaxe Garv Buildtech Pvt. Ltd)<\/em><\/strong><\/p>\n\n\n\n

The soon-to-be-operational 104-km Outer Ring Road will play a key role in the emergence of sub-cluster development models; a trait identifiable with metro cities.<\/em><\/h2>\n\n\n\n

The state of Uttar Pradesh has seen rampant growth in terms of infrastructure development and economic growth in recent years. Opening new avenues for investments and making ways for real estate development, the state government is pushing its agenda of transforming the state into a 1 trillion-dollar economy. Expanding its ambit of growth with a focus on \u201cself-reliance\u201d, \u201cease of doing business\u201d and \u201cease of living\u201d, the state\u2019s capital city Lucknow which is known better with its colloquial name \u2018city of nawabs\u2019 is enhancing its grandeur. The city already contributes 3.85% of the state\u2019s GDP and bolstered by excellent connectivity, presence of social infrastructures, open spaces, and investment opportunities, it is all set to become the destination-next of real estate in the country.<\/p>\n\n\n\n

Lucknow\u2019s connectivity has improved significantly in these years. The city is the nerve center of economic activities due to the movement of people, goods, and businesses and presence of international airport, expressways, highways, and metro rail. These connectivity points are continuously bringing more people and business to the city.<\/p>\n\n\n\n

Lucknow\u2019s connectivity wonder \u2013 the 104-km Outer Ring Road (ORR)<\/strong> which is expected to be operational soon \u2013 will play a key role in not just facilitating movement of people and goods but also in the emergence of sub-cluster development model; a trait identifiable with metro cities as their territories expand with growing urbanization. Such highways and ORRs have propelled development of residential and commercial spaces<\/a> in several cities; and Shaheed Path in Lucknow is one such example.<\/p>\n\n\n\n

The possibilities of growth around ORR can be gauged from the fact that five national highways and six state highways, entering and leaving Lucknow cross the ORR. The project will undoubtedly open new doors of business and employment opportunities as it will facilitate the movement of people and businesses from all parts of Uttar Pradesh and connected regions. Additionally, the rising menace of pollution will be curbed along with better traffic management as heavy vehicles will not enter Lucknow. A low-density, pollution-free living is what can be envisaged in this region. COVID-19 has changed the homebuyers\u2019 preference and as a result demand for open & larger spaces and homes has jumped manifold; and developments around ORR will fulfil this requirement along with providing excellent connectivity. Moreover, the construction of numerous bridges, flyovers, and underpasses will provide uninterrupted entry and exit. The connectivity with Chaudhary Charan Singh International Airport will further be enhanced. The ORR will also facilitate the movement of people to Lucknow from religious cities of Prayagraj, Varanasi and Ayodhya besides adjoining cities of Raebareli, Kanpur, Sitapur, Sultanpur, Faizabad and even to Delhi and Agra<\/strong>. Furthermore, the city may soon have two municipal corporations which mean opportunities for more investment in developing the city\u2019s infrastructure.<\/p>\n\n\n\n