Top Locations for Investment in Lucknow Real Estate

The City of Nawabs, Lucknow, is famous for its glorious history, splendid Nawabi-era monuments, tempting gastronomical delicacies and Pehle Aap Tehzeeb. The city, which takes pride in being the cultural hub of north India, and is home to some of the most marvelous historical monuments such as Bada Imambara, Chhota Imambara, Rumi Darwaza, to name a few, is slowly shedding its old world charm and gaining popularity as an upcoming residential hub with flourishing real estate. The rapidly developing infrastructure along with good connectivity is among many reasons why real estate in Lucknow is gaining immense popularity. Apart from top class infrastructure, healthcare, educational and employment facilities, affordability is also the reason why houses are so sought-after in Lucknow. There are quite a few localities in the city where residential real estate is moving in an upward direction with top real estate companies in Lucknow launching their housing projects to meet the rising demand of buyers.

Gomti Nagar and Gomti Nagar Extension

These two areas are the fastest growing corridors of the city showcasing a mix of commercial and residential properties that are properly connected to all the parts of Lucknow. Gomti Nagar was perhaps the first locality to draw the attention of real estate builders in Lucknow to launch their residential projects as vast swathes of land lay undeveloped. Top shopping malls such as Fun Republic, Wave Mall, Singapore Mall, multiplexes like Wave Cinemas, PVR Cinemas, INOX Cinemas and five star hotels such as Vivanta by Taj, Marriott Renaissance and Fairfield Marriott are all located in Gomti Nagar. Furthermore, the area has become the commercial and IT hub of Lucknow with many government and private firms such as Tata Consultancy Services (TCS), Vodafone, Siemens, National Thermal Power Corporation Ltd. (NTPC), Central Reserve Police Force (CRPF) and Reserve Bank of India (RBI) having their presence in Gomti Nagar, which has actually strengthened real estate in Gomti Nagar and augmented real estate prices in the area.

On the other hand, Gomti Nagar Extension, an upcoming area in the city, is witnessing robust growth in residential real estate with rising demand for apartments and flats. Seeing this realty boom, many top real estate developers in Lucknow have started developing residential townships, particularly in Vrindavan Yojna, to cater to the demand of potential customers. Many government projects such as IT City, Intl. Cricket Stadium, U.P. State Dial 100 Headquarter, Awadh Shilpgram, educational institutes such as Lucknow Public School, Amity International School, hospitals such as Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPGI) and banks are located very close to Vrindavan Yojna, which has facilitated the growth of both commercial and residential real estate in Vrindavan Yojna. Real estate development companies are coming up with unique housing projects offering spacious and airy rooms, premium architecture, modern amenities, lush green landscape and hi-tech security features for customers, who are looking to buy flats or apartments in Vrindavan Yojna.

With quality infrastructure, proper connectivity and presence of hospitals, banks, educational institutes, shopping malls, hotels and multinational offices, Gomti Nagar and Gomti Nagar Extension have become the preferred destinations for investment in real estate market in Lucknow.

About the Author: Rajeev is the sales and marketing consultant at Azea Botanica, an upcoming residential real estate project in Lucknow at Vrindavan Yojna being developed by Azeagaia Development Pvt. Ltd., promoted by Singapore-based companies through foreign direct investment (FDI). In his free time, Rajeev writes articles, blogs and has a penchant for driving sports cars and bikes.

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