High Time for Real Estate Development Companies in Lucknow

The serenity of the city of Nawabs has always allured the real estate investors and the developers towards it. The real estate is going through a phase of renaissance with so many things going around. The flexible policies of government has led this city become a hub of property investors and real estate developers. CRISIL has already declared Lucknow as a booming sector of real estate amongst the top ten fastest developing cities. This has invited even the pan India developers to invest in the city.

A dramatic shift has been seen in Lucknowites’ culture from dwelling in traditional homes to high rising apartments and flats. This trend has divided the city into two halves; one half that belongs to traditional homes and other half that follows the apartment culture. City being the political, administrative and financial capital of the state allows the residents to enjoy the freedom of having extravagant infrastructure. This has also led a large number of developers to splash out in here. The Real Estate Investment Trust’s designs are giving a good push up to the sector which is acting as a stimulant between investors and developers.

Metro development on the other hand is giving this sector a bounce which is unlocking the city’s real potential in real estate. The work culture and calm way of living is the reason why most of the developers are investing in cities like Lucknow. The second list of the proposed cities is already been issued by central government which shows that Lucknow will be a smart city soon. Thus, a lot of development will be seen in and around these cities. Survey findings indicate the ignited interest of buyers towards these potential cities. It is interesting to note that about 32 per cent respondents showed interest in upcoming smart cities for investment. While several cities have been proposed, few areas within the cities have also been identified.

Also FDI enclosure in real estate has already strengthened the transparency and information in the public domain. Real estate developers in Lucknow are also coming up with new ideas for developing innovative & attractive townships and societies that would attract more and more buyers towards their projects. Townships such as Azea Botanica Apartments promises to bring the Singaporean lifestyle culture and garden style housing facilities that provide all the modern facilities along with a natural habitat consisting of theme based gardens, parks, sports facilities, etc to the residents. No wonders why people are likely to invest in here.

These functional models are enabling more developers to invest in the capital. LDA and other development authorities are focusing more on these trending patterns to allure the investors.

In a nutshell, Lucknow market is all set to leave a mark on the map of world when talked about high rising real estate.

Rajeev is an avid writer and regularly writes articles and blogs on Lucknow real estate.