Azeagaia Development Private Limited is a prominent real estate company in Lucknow, promoted by Singapore-based companies through the automatic foreign direct investment route (FDI), having considerable experience and expertise in real estate development market and advisory services across the world. Our area of specialization lies primarily in the development of Residential Townships, Commercial Buildings and Developmental Projects.
Since inception, Azeagaia’s reputation has been built on customer centric approach, strong business ethics, transparency and on-time delivery, which in turn, has elevated the standing of the company as among the top real estate developer companies in Lucknow. With quality personnel and an outstanding performance rate, the main objective of Azeagaia Development Pvt. Ltd. is to redefine the living standards of the country by providing posh lifestyle, coupled with airy and spacious rooms, premium architecture, modern amenities, amid a clean green environment, at an affordable cost.
Real Estate Overview
Traditionally, the residents have preferred to reside in a bungalow or builder floors rather than apartments or flats in lucknow, because the requisite supply was available within their budget. However, over the past 6-7 years, residents have shown interest towards high rise apartments and integrated townships. The shift in preferences of the residents is due to availability of superior infrastructure, gated/secured communities and other special amenities such as club house, swimming pool, gym, yoga centre, convenience shopping outlets, etc. This migration of plotted developments to apartments led to the emergence of newer areas such as Central Lucknow (Jopling Road and Gokhale Marg), Gomti Nagar, Gomti Nagar Extension, Amar Shaheed Path, Indira Nagar, Faizabad Road, Sultanpur Road, etc. Taking advantage of this real estate boom in Lucknow in these areas, quite a few real estate builders in Lucknow have come up with their residential projects, providing spacious rooms, premium architecture and contemporary amenities.
The Lucknow real estate market is largely ‘end-user’ driven, with moderate investment activity prevalent in newer locations, such as Amar Shaheed Path, Gomti Nagar, Sultanpur Road, Raibareli Road, Kanpur Road, etc. The investor base includes bureaucrats, defense personnel, doctors, engineers and government officials. Recently, the real estate market along these areas has witnessed robust activities and many reputed real estate builders have already launched their projects in these locations. Moreover, the City of Nawabs also attracts interests from residents of other tier 2 and tier 3 cities in Uttar Pradesh such as Kanpur, Allahabad, Faizabad, Varanasi, Gorakhpur, Gonda, Bahraich, Sultanpur, Unnao, Etawah, Sitapur, Barabanki, Raibareli due to its infrastructural development along with migrating working class population.
Gomti Nagar Extension mainly comprises Amar Shaheed Path, Arjun Ganj and Sultanpur Highway. Gomti Nagar Extension and Gomti Nagar are one of the largest well planned townships in India and are promoted by Lucknow Development Authority (LDA). Therefore, many prominent housing projects by well-known developers in Lucknow spread across these locations, evoking positive response from potential buyers who wish to buy property in Lucknow.
Some of the landmark government developments in Gomti Nagar are Reserve Bank of India (RBI), NABARD, Software Technology Park, Central Reserve Police Force (CRPF), Indian Industries Association, Confederation of Indian Industry & Investment Corporation of U.P., Central Warehousing Corporation and Non-Conventional Energy Development Agency. Among the Grade-A commercial developments in Gomti Nagar, majority are located in Vibhuti Khand. Some of the operational retail malls in Gomti Nagar are West End Mall, Fun Republic Mall and Riverside Mall.