Wednesday 13 August 2014

Rising Residential Property Demand in Lucknow

Set in the heartlands of North India, lies Lucknow, the administrative capital of Uttar Pradesh. Traditionally known as the city of Nawabs, Lucknow has a lot to offer from the architectural perspective. From the perspective of a residential city however, there have been certain misgivings about Lucknow given the current political climate. But Lucknow as a city is definitely much safer than the rest of the state.  In fact, it can give other, so called metropolitan cities a run for their money. The economic boom in the state, followed by the beautification of the city by the previous government has led to a massive upsurge in demand of residential homes alongside business hubs. So much so that the two are beginning to coincide, for example, Gomtinagar as primarily residential areas is fast becoming Lucknow’s IT hub.

Real Estate Properties


Having established the fact that Lucknow is great place to live in, one must however be aware of the places where one can stay. Housing in prime properties in traditionally congested, however, the suburbs seem to be picking up just fine. So much so, that new projects involve state of the art infrastructure and facilities, that one might think of seriously considering while buying up a flat in Lucknow.

Looking for a flat in Lucknow is not much more different than looking for a flat somewhere else. Only the local dichotomy is slightly different and varied. It firstly depends on your needs- whether you’re staying along or with your family. If you’re staying with your family, how big is it? Which locations is more favorable etc.

For example a family of 3 will find 2 bhk flats in Lucknow much more convenient- it is less costly, and easier to maintain at the same time. So, it all really comes down to your needs. The suburbs might be the best bet to land up 2 bhk flats in Lucknow, as earlier pointed out, these will be less congested, less costly and fast developing economic hubs in the city.

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