logo

The Developer

Azeagaia Development Private Limited is a prominent Indian real estate firm, 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.
info@azeabotanica.com
www.azeagaia.com
 

Current Real Estate Scenario in Lucknow



Current Real Estate Scenario in Lucknow

Lucknow, pre-dominantly known for its rich cultural legacy and its magnificentNawabi-era architecture is fast moving ahead in the race for development. In the past few years Lucknow has witnessed a sea change in terms of infrastructure – whether it is the Lucknow Metro, the Ekana International Cricket Stadium or finding itself in the list of the Smart Cities project, it is evident that the capital city is flourishing and how!

 

Right from the swanky hotels and malls to the several other residential and commercial projects, heavy construction is in full swing in many parts of the city. These projects are not simply transforming Lucknow’s skyline but have consolidated its position as a fast emerging hub of real estate in the state of Uttar Pradesh.

 

There are many factors that have contributed towards the city’s real estate boom. For starters, Lucknow is well-connected with the rest of the state through rail, road and air; medical-tourism is on the rise, and so are job opportunities along with the other government aided development schemes. However, the most important factor is the reasonable real-estate prices and cost-advantage which make Lucknow a hot favourite among the investors. Living up to its promise of steering the city towards progress, the government too has undertaken numerous plans dedicated to the real-estate sector.

 

There are many locations in the city that are turning out to be prominent hot spots such as the Gomti Nagar extension and Faizabad Road, among many others. Some of the most notable players of the real estate industry in Lucknow are developing new residential projects in locations such as Raebareli Road, Vrindavan Yojna, Aashiana and Jankipuram Extension. These spots are witnessing real estate development in full swing with most developers working on huge townships. In fact, Gomti Nagar is one of the fastest developing areas in Lucknow due to its proximity to leading educational institutes, infrastructure facilities, access to healthcare and recreation and leisure spots.

 

The spurt in demand for residential and commercial properties can be attributed to the growing population of the city. As the city is developing, more and more people are migrating to Lucknow in search of better opportunities. Many of those who move to the city for work often find themselves looking for a second home after setting up their businesses or landing a job. Not to mention, that the spending power of people has also gone up in the recent years and real estate is considered as a safe investment.With ample number of cost-effective properties coupled with such organised development, Lucknow is sure to become the most favoured real estate destination.

To help buyers make the right decisions about investing in real estate, there are real estate consulting firms such as Invest101, which acts as a single window, providing solutions to all your real estate investment related problems. They offer end-to-end real estate services, covering the core areas of property management and wealth creation. They provide services such as innovative product portfolios, project evaluation, asset and investment management, ROI indexing and property analysis. From an overview of construction quality to facilitating correct information about the property – all the hassles are taken care of by invest101. They work with a vision to develop long-term relationships with their customers, ensuring customer satisfaction and providing them with spaces they can call their own.