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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.
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Luxury lifestyle housing demand likely to remain strong in Lucknow



Luxury lifestyle housing demand likely to remain strong in Lucknow

In a bid to take the living quotient to the next level, real estate developers have started building several ultra-luxury dynamic realty projects.

In the evolving Lucknow Real Estate Market, the demand for luxury houses is getting higher. Luxury realtors have recognized Lucknow as one of the fast emerging vivacious & diverse markets to explore. They are now concentrating more on developing luxurious apartments, penthouses, villas and bungalows in gated communities, with world-class designs and amenities besides luxury lifestyle and golf townships. In order to take the standard of living to the next level, the Lucknow Real Estate Developers have also started building several ultra-luxury projects.

Some real estate developers have ventured with well-known domestic and international interior designers to provide custom decor whereas many are also delivering fully furnished service apartments to rejuvenate and work. The focus of developers is now shifted to developing townships with a golf course & modern landscape on the themes of hills, mountains, forest, etc. that creates premium products than the rest of the market. Also, housing projects having a specific architectural style, such as Spanish, European, French, German, Singaporean, etc, are in high demand.

It is true that affordable housing is driving the market, but the demand for luxury housing is also growing. In fact, there are various factors that have been driving the demand for luxury housing. Firstly, India is witnessing a strong economic turnaround. In April 2017, the International Monetary Fund (IMF) released its predictions for the Indian economy – The growth rate for India was pegged at 7.2% and is predicted to rise to 7.9% in 2018-19.

Luxury housing is gaining more attention in metro cities. Lucknow offers a good choice of premium living, with a vast number of luxury housing projects that are either operational or nearing completion.

The existing physical and social infrastructure of Lucknow has put this city as the emerging luxury housing segment, giving Lucknow an edge over other metro cities. With RERA in place, the Indian real estate sector has become more lucrative and regaining its popularity in the global market, resulting in the incremental growth of foreign investments in the sector.

It Is True That Affordable Housing Is Driving The Market, But The Demand For Luxury flats in Lucknow Is Also Growing.

Read how- Luxury Lifestyle of Singapore in Lucknow to remain strong