Real Estate Industry

Important Tips on Buying the Perfect 2 BHK Flats in Lucknow

April 11, 2024 0 Real Estate Real Estate Industry

Are you in search of a 2 BHK flat in Lucknow? Then you have come to the right place.

It is difficult to find ideal properties in Lucknow nowadays whether you are a first-time buyer or a seasoned investor, it requires careful thought and research to navigate through countless options available in the Lucknow market. In our quest for the perfect 2 BHK flat in Lucknow, we compiled some tips that must be considered before making your purchase.

1. Research on Real Estate Companies in Lucknow: Start your search by finding reliable real estate companies in Lucknow. Look for builders who have a reputation for completing projects on time and with high-quality standards. Check their records, completed projects, customer reviews, and any certifications to ensure they are dependable.

2. Explore Different Alternatives: There is a wide range of residential properties available in Lucknow such as 2BHK flats, and apartments among others like commercial properties. Before looking at the different options that exist in the market, one should consider their preferences including location amenities and price.

3. Establish Your Budget: It is important to set your budget when you are planning to buy a 2 BHK flat in Lucknow. Consider aspects like down payment, monthly installments, maintenance charges etcetera while doing so. The challenge lies in finding out what you can afford without compromising on the qualities that you wish for your apartment.

4. Think about Location: The location of your property in Lucknow significantly impacts its value. Explore different areas to ensure proximity to essential facilities like schools, hospitals, offices, markets, and transportation. Also, consider safety, road quality, school standards, and communication networks. These factors determine the property’s value and guide your investment decisions.

5 Assess Property Developers: When considering 2 BHK flats in Lucknow it is important to look into the reputability and trustworthiness of property developers involved with them. For instance go for builders who have been operating within Lucknow over quite a long period hence reliable sources of quality, honest projects.

6. Amenities: Check out amenity offerings for housing societies in Lucknow such as round-the-clock security systems backup power generators provision parking space gymnasium swimming pools landscape design among many more factors in your decision-making based on what suits your lifestyle.

7. Legally Verified: Before buying a house or flat, make sure to do your homework on the legal side of things. Look at important documents like the title deed, land records, building approvals, occupancy certificate, and encumbrance certificate. If needed, get advice from legal experts to make sure everything goes smoothly in the buying process. This is particularly important when dealing with a real estate property developer.

8. Skillful Bargain: The price tag should encourage you to negotiate with either the builder or the seller of the property in Lucknow. Compare prices for other similar properties within that region this will give you an upper hand during negotiations. But be polite and reasonable while making your offers to receive a good deal in return

9. Hire Professionals If Need Be: Lucknow Real estate agents consultants and financial advisors can be approached in case you feel uncertain about any point of the buying process thereby giving valuable inputs into making some reasoned choices.

10 Look at Ready-to-Move Flats in Lucknow: Also think about ready-to-move flats when looking for a 2 BHK apartment in Lucknow because these properties offer immediate possession without waiting for it to be constructed completely Such houses also ensure clarity on how the final product would look and therefore enable informed decisions if it’s worth buying or not.

To conclude, buying the best 2 BHK flat in Lucknow needs extensive examination, calculated deliberation, and expert help. You can get the right home to suit your needs and make you a homeowner by keeping track of these crucial pointers.

How can I find commercial property in Lucknow?

April 10, 2024 0 Real Estate Real Estate Industry

Lucknow, with its flourishing economy and advancing infrastructure, presents many opportunities. However, the key to ensuring success lies in selecting the best location for your commercial investment. In this article, we’ll delve into some of the most desirable areas for purchasing commercial property in Lucknow. These locales cater to a diverse range of needs and preferences, whether you’re looking to settle down, live, or conduct business.

Research Online Listings: 

Utilize online real estate platforms and commercial property listings to search for available properties in your desired location. These platforms allow you to filter search results based on criteria such as property type, size, location, and price range. Explore multiple listings to get a comprehensive view of the available options of best property in Lucknow.

Work with a Commercial Real Estate Agent: 

Consider hiring a commercial real estate agent who specializes in the local market. A knowledgeable agent can provide valuable insights, access to exclusive listings, and assistance throughout the property search and negotiation process. They can help you find properties that meet your criteria and negotiate favorable terms on your behalf.

Assess Infrastructure and Accessibility: 

Assess the quality of infrastructure and accessibility in potential locations. Look for areas with well-maintained roads, reliable public transportation networks, adequate parking facilities, and easy access to utilities such as electricity, water, and internet connectivity. Such potential locations include Kanpur Road, Gomti Nagar, Shaheed Path etc. and Paarth Infrabuild is one such company with projects at all these locations.

Network with Property Owners and Managers:

Reach out to property owners, landlords, and property managers in your target location. Attend networking events, industry conferences, and local business gatherings to establish connections and inquire about available commercial properties. Building relationships with property professionals can provide access to off-market opportunities and valuable insights into the local market. 

Consider Future Growth Potential: 

Look for areas with potential for future growth and development. Consider factors such as planned infrastructure projects, upcoming commercial developments, and changes in demographics or economic trends that could positively impact property values.

Conducting thorough research and due diligence, you can effectively find commercial property in Lucknow that meets your business requirements and objectives. Whether you’re looking to lease office space, retail space, industrial facilities, or invest in commercial real estate, careful planning and consideration will help you make informed decisions and secure a property that supports your business success. Paarth Infrabuild are one such real estate property developers that provide one of the best services in the city!

What area is the best for buying 4BHK Flats in Lucknow?

April 9, 2024 0 Real Estate Real Estate Industry

Are you considering investing in a 4BHK flat in Lucknow, but unsure about which area would be the best fit for you? Lucknow, with its rich cultural heritage and rapid urbanization, offers a multitude of options for homebuyers seeking spacious and luxurious living spaces. In this comprehensive guide, we’ll explore some of the top areas in Lucknow that are ideal for buying 4BHK flats.

Strategic Locations

Projects that are strategically located in prime areas of Lucknow, ensure unparalleled convenience and connectivity. Whether you prefer the vibrant ambiance of the city center or the serene surroundings of the outskirts, the real estate property developer should have the perfect location for you. Each of the areas should offer easy access to essential amenities such as schools, hospitals, shopping centers, and transportation hubs, making them ideal destinations for modern living.

Commitment to Customer Satisfaction

Every real estate company in Lucknow is committed to exceeding customer expectations at every step of the home-buying journey. From property selection to possession and beyond, their dedicated team ensures a seamless and hassle-free experience for buyers. With transparent processes, ethical practices, and a customer-centric approach, Paarth Infrabuild is one such company that has earned the trust and loyalty of countless homebuyers in Lucknow. 

Budget

Considering a budget is essential for many individuals when selecting a flat. Most people have a specific financial limit in mind and seek properties that fit within it. This includes not just the upfront cost of purchase or rental, but also ongoing expenses like maintenance fees, utilities, and taxes. Lucknow, as a developing city, provides flats across various price ranges in prime areas, ensuring affordability for a wide range of budgets. 

Before making a decision, it’s essential to consider factors such as location, amenities, connectivity, and budget. Conduct thorough research, visit different areas, and explore various housing options to find the perfect 4BHK flat that meets your requirements and enhances your quality of life in Lucknow. With the right approach and guidance, you’ll soon be able to call Lucknow your luxurious home sweet home!

Paarth Infrabuild stands out as a premier choice for those seeking luxurious 4BHK flats in Lucknow. With their unwavering commitment to quality, innovation, and customer satisfaction, Paarth Infrabuild ensures that your investment in a 4BHK flat is not just a purchase but a step towards a refined and sophisticated lifestyle. Explore Paarth Infrabuild’s projects today and discover the perfect blend of comfort, elegance, and modernity in the vibrant city of Lucknow.

What is the best place to buy commercial property in Lucknow?

April 8, 2024 0 Real Estate Real Estate Industry

Are you considering investing in commercial property in Lucknow? With its burgeoning economy and growing infrastructure. However, choosing the right location for your commercial investment is crucial for ensuring long-term success. In this blog, we’ll explore some of the best places to buy commercial property in Lucknow, catering to various settling, living and business needs and preferences.

Define Your Requirements: 

Start by clearly defining your requirements and objectives. Determine the type of commercial property you’re interested in (office space, retail space, industrial property, etc.), your budget, and any specific preferences regarding location, amenities, and infrastructure. Many real estate companies in Lucknow offer support sales team for example Paarth Infrabuild specifically provides a team dedicated to dealing with requirements of customers and treating customers right as their first priority. 

Perform Financial Analysis:

Conduct a comprehensive financial analysis to evaluate the potential return on investment (ROI) and financial viability of the commercial property. Consider factors such as purchase price, rental income potential, operating expenses, financing options, and projected cash flow.

Consider Future Growth Potential:

Look for areas with potential for future growth and development. Consider factors such as planned infrastructure projects, upcoming commercial developments, and anticipated changes in demographics or economic trends that could positively impact property values. Paarth Infrabuild has projects at best location with potential growth in future in the city with commercial properties ranging in cost as per customers affordability.

Seek Expert Advice: 

Consult with real estate professionals, such as commercial real estate agents, brokers, and property consultants, who have local market knowledge and expertise. They can provide valuable insights, guidance, and assistance in identifying suitable properties and negotiating favorable deals.

Evaluate Demographics and Market Demand: 

Analyze the demographic profile of the area and assess the demand for commercial properties among businesses and consumers. Consider factors such as population density, income levels, consumer spending patterns, and the presence of competing businesses.
Lucknow offers a lot of options for commercial property investment, each catering to different business requirements and preferences. Whether you’re looking for prime retail space in places like Hazratganj or modern office facilities in places like Gomti Nagar, Lucknow has something to offer for every commercial venture. By carefully evaluating your business needs and considering factors such as location, infrastructure, and target market, you can make an informed decision and secure a lucrative investment in Lucknow’s thriving commercial landscape. Paarth Infrastructure is one of the top real estate companies in Lucknow that match all the expectations of client.

Where can I buy an affordable 3BHK Flat in Lucknow?

April 7, 2024 0 Real Estate Real Estate Industry

Are you on the hunt for a spacious yet budget-friendly 3BHK flat in Lucknow? The search for the perfect home that balances comfort, convenience, and affordability can often seem like an uphill task. However, fear not! Lucknow, the city of nawabs, is bustling with numerous residential options that cater to a diverse range of budgets and preferences. In this comprehensive guide, we’ll navigate through some of the most sought-after areas in Lucknow where you can find an affordable 3BHK flat without compromising on quality and amenities.

Affordable 3BHK Flats in Lucknow

In today’s era, individuals look for affordable housing options in prime residential areas. Lucknow, experiencing rapid development, boasts some of the finest real estate property developers in the industry. Among these developers, one stands out- Paarth Infrabuild, their commitment to excellence and innovation has contributed significantly to Lucknow’s evolving landscape.

Paarth Infrabuild offers a wide range of affordable 3BHK flats designed to suit the needs and preferences of modern homebuyers. Whether you’re a young professional, a growing family, or a seasoned investor, Paarth Infrabuild has the perfect housing solution for you.

Their 3BHK flats boast spacious layouts, contemporary designs, and premium amenities, ensuring a comfortable and convenient lifestyle for residents. From well-appointed interiors to thoughtfully planned amenities, Paarth Infrabuild’s projects are crafted to enhance the quality of life for its residents.

Quality Construction and Amenities

One of the key aspects that can set real estate companies apart is their unwavering commitment to quality construction and top-notch amenities. Each project should be built using the finest materials and should adhere to the highest standards of construction, ensuring longevity and durability.

Moreover, the companies projects should be equipped with a plethora of amenities designed to cater to the diverse needs of residents. From lush green spaces and recreational facilities to modern security features and ample parking space, every aspect is meticulously planned to enhance the overall living experience. We know just the company to take care of all the needs- Paarth Infrabuild. The company provides residents in prime locations of Lucknow such as Kanpur road and Gomti Nagar extension.

Customer Satisfaction and Trust

The top real estate companies in Lucknow places great emphasis on customer satisfaction and strives to build lasting relationships with its clients. With a team of dedicated professionals, they guide buyers through every step of the home-buying process, from property selection to possession and beyond.

Their transparent and ethical business practices have earned them the trust and confidence of homebuyers, making them a preferred choice for those looking to invest in real estate in Lucknow.

Lucknow presents a plethora of options for buyers seeking affordable 3BHK flats. Whether you prefer the modern amenities of Gomti Nagar, the convenience of Indira Nagar, the accessibility of Alambagh, the tranquility of Jankipuram, or the vibrancy of Rajajipuram, there’s something for everyone in the city of nawabs.  Paarth Infrabuild stands out as a reliable and trustworthy real estate company offering affordable 3BHK flats in Lucknow. With a focus on quality construction, modern amenities, and customer satisfaction, Paarth Infrabuild is committed to helping you find your dream home without breaking the bank.

Whether you’re a first-time homebuyer or a seasoned investor, consider exploring the offerings of Paarth Infrabuild for affordable and comfortable living spaces in the vibrant city of Lucknow. With their expertise and dedication, you can rest assured that your investment is in good hands.

What is the best place to buy commercial property in Lucknow?

April 6, 2024 0 Real Estate Real Estate Industry

Are you considering investing in commercial property in Lucknow? With its burgeoning economy and growing infrastructure. However, choosing the right location for your commercial investment is crucial for ensuring long-term success. In this blog, we’ll explore some of the best places to buy commercial property in Lucknow, catering to various settling, living and business needs and preferences.

Define Your Requirements: 

Start by clearly defining your requirements and objectives. Determine the type of commercial property you’re interested in (office space, retail space, industrial property, etc.), your budget, and any specific preferences regarding location, amenities, and infrastructure. Many real estate companies in Lucknow offer support sales team for example Paarth Infrabuild specifically provides a team dedicated to dealing with requirements of customers and treating customers right as their first priority. 

Perform Financial Analysis:

Conduct a comprehensive financial analysis to evaluate the potential return on investment (ROI) and financial viability of the commercial property. Consider factors such as purchase price, rental income potential, operating expenses, financing options, and projected cash flow.

Consider Future Growth Potential:

Look for areas with potential for future growth and development. Consider factors such as planned infrastructure projects, upcoming commercial developments, and anticipated changes in demographics or economic trends that could positively impact property values. Paarth Infrabuild has projects at best location with potential growth in future in the city with commercial properties ranging in cost as per customers affordability.

Seek Expert Advice: 

Consult with real estate professionals, such as commercial real estate agents, brokers, and property consultants, who have local market knowledge and expertise. They can provide valuable insights, guidance, and assistance in identifying suitable properties and negotiating favorable deals.

Evaluate Demographics and Market Demand: 

Analyze the demographic profile of the area and assess the demand for commercial properties among businesses and consumers. Consider factors such as population density, income levels, consumer spending patterns, and the presence of competing businesses.

Lucknow offers a lot of options for commercial property investment, each catering to different business requirements and preferences. Whether you’re looking for prime retail space in places like Hazratganj or modern office facilities in places like Gomti Nagar, Lucknow has something to offer for every commercial venture. By carefully evaluating your business needs and considering factors such as location, infrastructure, and target market, you can make an informed decision and secure a lucrative investment in Lucknow’s thriving commercial landscape. Paarth Infrastructure is one of the top real estate companies in Lucknow that match all the expectations of client.

Gomti Nagar Extension banner

Top 5 Reasons to Buy Property in Gomti Nagar Extension

March 24, 2022 0 Lucknow Real Estate Real Estate Industry Residential Properties

5 Points to Buy Property in Gomti Nagar Extension

  • Well planned development – Gomti Nagar and Gomti Nagar extension are one of the largest planned residential areas of Uttar Pradesh. This area has been newly developed and so the infrastructure is planned and organized. This is the reason that these are the most sought-after areas in Lucknow as it gives you a more comfortable lifestyle.
  • Excellent connectivity – Gomti Nagar extension area is very easily accessible from the other parts of the city. Airport and Railway Station are easily connected by highways and this reduces the travel time considerably. There is proposed upcoming metro development also in the area which will make the everyday commute more convenient in the near future.
  • Best Social Infrastructure– Gomti Nagar Extension has everything that one can wish for in a residential address. It has lush greenery and many big parks like the Janeshwar Mishra Park which is a major attraction among Lucknowites. Our Project Paarth Aadyant has Phoenix Palassio and Ekana Stadium right next to it. There are some of the best schools like City Montessori School, DPS and St. Francis in close proximity. The health facilities are world-class and easily available. There are multiple opportunities for employment nearby including a software technology park.
  • Affordability – The best part of housing in the Gomti Nagar extension area is that despite wonderful infrastructure, the prices of properties are quite reasonable, as compared to the rest of the city. A lot many real estate developers have introduced their multi ranged projects in the area. Developers like Omaxe, Shalimar, Rishita, Tulip have their established real estate projects that make the overall area quite accessible and easy to live in. Paarth infrabuild one of the leading real estate developers also has a number of residential and mixed-use communities here, Paarth Arka, Paarth NU, and Paarth Aadyant. These are at the best location of this area and have affordable 3 and 4 BHK apartments with high-end amenities for your comfort.
  • Appreciating value – In the last ten years, ever since the Gomti Nagar extension area was launched, the prices have been appreciating annually here. In the last few years, even when residential real estate stopped appreciating everywhere (and saw a downward trend in a lot of localities), the properties here have seen a consistent appreciation. This has been probably due to the availability of world-class infrastructure and amenities. There is still good scope for property price appreciation here as people look for large units post-pandemic and the price in nearby Gomti Nagar has escalated beyond affordability for most people. Therefore, those who are looking for property investment in Lucknow are heading here searching for the right property.

All the above factors make this area very appealing for property investors as well as end-users. The rental yields are also good and with multiple employment opportunities, it is not tough to find renters any time. Paarth infra build has two good projects, Paarth Arka, the highest building of Lucknow, beautifully designed by Architect Hafeez Contractor and Paarth Aadyant, a ready to move in project with more than 300 families already residing. The location and design of these properties have helped them take a premium position in this micro-market and will hopefully help drive more customers to this area. 

Guide for First Time Home Buyers in Lucknow

Guide for First Time Home Buyers in Lucknow

January 14, 2022 0 Lucknow Real Estate Real Estate Industry Residential Properties

Buying a home is one of the biggest decisions in a person’s life. Especially buying your first home can be a little overwhelming. There are a lot of question in a person’s mind about budget, location, which builder to choose, whether to go for an under construction property or ready to move in and so on. If you know what your exact requirement is, the entire experience of selecting the correct home for your needs will seem easier. As there are a lot of options available to buy Flats in Lucknow, a first time home buyer may get a little overwhelmed to make the entire process easier for you, we are providing you with a complete guide on what factors you need to consider while buying your first property in Lucknow.

  1. Deciding your budget

The most important factor to consider while making a decision is the budget. Location and type of property will determine the price. This will help you narrow down properties in Lucknow while deciding. You may want to take into consideration your existing financial commitments and have an estimate of the EMIs that you are comfortable paying every month at a reasonable interest rate and tenure. You can calculate this using the EMI Calculator.

2. Deciding the type of property

The type of property you buy depends on factors like the number of family members and your budget. All this will help you decide if you want to go for an independent house or an apartment in Lucknow. This will also help you determine whether you want a 1 BHK, 2 BHK or 3 BHK flat.

There are various projects in Lucknow offering apartments in all sizes at various locations.

3. Focus on the location

Choosing the location for your home is one of the most important factors while making purchase decision. You should choose a location so that your school, office and other places that you need to commute on a regular basis are easily accessible. It is also important to have good connectivity with market, hospitals, railway station, airport and other such social infrastructure. The budget that you have decided will also pay a very important role in deciding the location of your property.

While buying a home in Lucknow, you may consider prominent locations like Gomti Nagar, Gomti Nagar Extension, Sultanpur Road, Golf City, Shaheed Path. These locations have easy accessibility to all the areas in Lucknow.

4. Choose amenities as per your needs

These days apartments in Lucknow offer a host of amenities like clubhouse, kids play area, amphitheatre, meditation zone, Power Backup, Gated Security.

Make a note of the kind of amenities that you require on a regular basis depending on the members of your family. For instance, if you have kids, it would be a good idea to consider an apartment which has a spacious play area. If you have elderly members in the family, you may look for amenities like park and yoga room. If you are buying home in a township, you will have easy access of the things you need on a daily basis as everything will be available in the campus itself.

You may select your dream home on the basis of your requirements.

5. Choose a reputed builder

Buying a home is probably the biggest investment of a person’s lifetime. Since a lot of time, money and emotions are attached to making this decision it is crucial to consider the builder reputation. Check the record of the builder and the company, how many projects has he delivered. There are a lot of reputed builders in Lucknow like Ansal, Omaxe and Paarth Infrabuild.

6. Selecting Home Loan

Since buying a home is a big investment, you will need to avail a home loan. You can talk to your existing banker or look for a project that is already Bank Approved. It is advisable to look for a Bank approved project in Lucknow as it is generally a more secure option as Banks usually do thorough investigation of the financial feasibility of any project before giving approval for loan.

A home loan also offers tax benefits as interest paid on home loan is tax deductible.

Do a thorough research on home loan rates offered by different banks and which is the best suited to your needs.

7. Verify if the project is RERA Registered

The property should be registered under RERA and you can check for the same on the official website of RERA. RERA ensures that the interests of the buyer is protected in terms of what the developer has committed to deliver. This ensures more transparency between the buyer and the developer. In case of any grievances you may reach out to RERA for assistance. So, always look for a RERA Approved Property in Lucknow.

8. Status of the Property

How soon do you want to move in and what kind of payment plan you are looking at will determine the status of the Property you buy. Whether you want to go for an under construction project or ready to move in will also further help you to narrow down your options.

9. Keep into consideration the additional costs

When you are working out a financial plan to pay for your house, do not forget to consider additional costs like property registration cost, property taxes and Maintenance Cost. All these will come into play after you have bought the house but they do make up for a considerable amount and need to be factored in your financial Planning. Do talk to your developer about an estimate of these cost before making the buying decision.

10. Know the Government Benefits available

The Government has several ongoing schemes for first time home buyers and you should find out if you are eligible for any. If you are a first time home buyer, you are eligible to avail income tax benefits under the sections- Section 80C, Section 24 and Section 80EEA of the Income Tax Act. Make sure to avail benefits that the government has to offer.

You may also check with the developer in Lucknow about the benefits you may get if you are eligible for any, on booking your home with them.

We hope this list can help you in making the decision of buying your dream home in Lucknow.

How a middle income person can buy a house in india

How a middle income person can buy a house

December 31, 2021 0 Real Estate Real Estate Industry Residential Properties

“Kyunki Apna Ghar toh Apna hota hai”

Have you ever thought that if money was never an object you could have bought your dream house? That might be a cozy villa having a private garden as well as swimming pool or a private condo having sea view like it is shown in James Bond movies. Thinking? You might go out of your budget.

Everyone has an idea of their dream homes but as money as an object comes into the picture your aspirations are toned down. Most of the home-buyers when decide to convert their dream home into reality by stretching their finances they might end up denting their finances. But not anymore, affordable housing scheme helped many people to fulfill their dreams to buy their own house. The slowdown in real estate sector also lightens the burden of the buyer. A few years back rates of the property were hitting the roof but today home-buyer can a find a place to dwell for spending their life with their family.

Image Credit- Forbes

The vision of Modi government that every citizen of India has their own house by the end of the year 2022. To back this vision the government is pursuing and encouraging the builders to come up with projects that fall under affordable housing schemes. Under this scheme, the target is to make house between 10lakh to 30lakh so that lower and middle class group can afford it. Even the home loans are available at a very economical rate. This will lead to increase the quality of living standard of people.

Projects under the affordable housing schemes are launched in states Punjab, Uttar Pradesh, Rajasthan etc. and the state government is providing all the possible assistance to the builders. As per Times of India, their government has made two classifications for Middle Income Group (MIG).

  1. MIG-I having an income of 6-12 lakh will get loan up to 9 lakh with interest subsidy of 4% for a tenure of 20 years. Therefore at the end of tenure, the borrower will end up paying an interest subsidy of 2.35 lakh for 9 lakh.
  2. MIG-II having an income of 12-18 lakh will get loan up to 12 lakh with interest subsidy of 3% for a tenure of 20 years. Therefore at the end of tenure, the borrower will end up paying an interest subsidy of 2.30 lakh for 12 lakh.

The Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) have been acknowledged as central nodal agencies to channelize this subsidy to the lending institutions, including banks and financial institutions. Therefore, small banks, non-banking finance companies and micro-finance institutions will be recognized as primary lending institutions under the scheme.

Additional loans are also available at a non-subsidies rate. Under the scheme, widows, single working women, persons belonging to SC/ST, OBC, differently abled and trans-genders will be given preference.

If you looking to buy flats in Lucknow, there are best real estate developer named “Paarth Infrabuild” provide affordable residential flats for middle class people.

Lucknow, a Real Estate Hub

Lucknow, a Real Estate Hub

December 22, 2021 0 Lucknow Real Estate Real Estate Industry

As soon as we think about the Capital city of Uttar Pradesh, Lucknow emerges as the city of Nawabs, its lazy yet elegant persona, the Imambadas, Rumi Darwaza, the ever inviting Bhool bhulaiya, or the mouth-watering food. But that’s not all, Lucknow is very quickly becoming the hub of Real estate hub for the region. Let it be the government policies or the urban real estate development in the vicinity, Lucknow is the finest example of urbanization of India. In Lucknow there is a best real estate company named “Paarth Infrabuild” offers luxury flats in Lucknow at affordable price. There are many reason due to which we can say Lucknow is a Real Estate Hub.

Lucknow, a Real Estate Hub

Location Matters –

Lucknow is very centrally located within the boundaries of Uttar Pradesh and enjoys excellent connectivity with all the major cities when it comes to the Uttar Pradesh region. Right from neighboring Kanpur, Agra, Jhansi, Varanasi, Prayagraj to the National Capital New Delhi, Noida, Ghaziabad, and the city is very well connected by all the possible modes of travel like Air, Rail, and Bus. Outer ring road completion will connect the city with 104 villages, as many as 6 state highways, and 5 National highways.

The Real Estate Growth –

Also within the city, Lucknow Metro has opened the flood gates of the Real estate sector to boom. Locations like Shaheed Path, Gomti Nagar, Sarojini Nagar are not the OUTER part of the cities anymore, you can very easily see skyscrapers mushrooming all around. With the Malls, Newly constructed Hi-rise Apartments, Schools, and Multi-Specialty hospitals in the close vicinity, Lucknow is emerged to be the next cosmopolitan city of North India

Why the Hub

Being an old city with narrow roads, cluttered colonies, busy Market streets, the new age Real estate developers have understood the requirement of living in open and bigger spaces with all the modern amenities like a Swimming pool, Kids Play Area, Clubhouses, Badminton Courts, Yoga, and meditation Area, and jellying perfectly with government’s KHELO India campaign mostly all of the real estate developers are providing Cricket stadiums with academies, Football or Basket Ball courts, and state of the art indoor games facilities and no wonder Lucknow is already providing some world-class athletes. On the commercial front, the new age office spaces and co-working spaces are also cropping up in the downtown areas of the city and the best part is they are well connected with the so-called old and the new city.

Latest Trends

The trends especially those in the Real estate industry indicate that the individual let it be a high-end investor or the mid-range buyer is looking beyond metropolises that offer a lifestyle. Where they can not only live a carefree life but also have all the facilities that are required to be in the nearby areas. The high rise is not only a trademark of a Metropolitan city this has created an untamed opportunity for the real estate developers to take advantage of the untapped consumer demand that is increasing day by day.

Growth and Opportunities in the Real Estate of Lucknow

The real estate industry in Lucknow has emerged in all sectors especially in the residential and commercial sectors. With the growing GDP of the countrymen and the Lucknawis, the cost of real estate lands as well as the high-rise apartments with the Commercial spaces are yielding clear results. The rapid growth of the IT sector specifically has attracted a lot of crowds from the various parts of Uttar Pradesh. According to the Master plan of 2021 197 perimeter villages are included in the proposal.

A Contributor

“Lucknow is playing a pivotal role in making the state of Uttar Pradesh march towards its goal of becoming a $1-trillion economy. The city of Lucknow alone contributes to more than 3.85% of the state’s GDP and is already the hotbed for real estate players from all around the country. The MAKE IN INDIA initiative of the government also paved its way to attract the major manufacturing players to set up their units and the existing ease of doing business makes the area even more sort after places.

Facilities in Lucknow 

No wonder Lucknow is present in the list of top Smart Cities in India, and no guesses for the answers to the factors that make it one of the top gainers in the list.

Transport – The presence of Metro has just added one more feather in the decorated transport facilities of the city and connectivity of Bus, Rail and Air already gives Lucknow an edge over the rest

Water supply – one of the most essential aspects to make a city-run, the water supply in the city has seen a lot of improvement, thanks to the government policies and the NGOs that are working towards the betterment of Lucknow.

Educational institutions – One can count big when it comes to the education in Lucknow, IIM Lucknow, IHM Lucknow, Citi Montessori school Babasaheb Bhimrao Ambedkar University, Amity University, Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGIMS), Central Drug Research Institute, Central Institute of Medicinal and Aromatic Plants, Medanta, Sahara Hospital, Central Institute of Plastics Engineering and Technology are merely some names that itself shows the class.

Top Residential Areas in Lucknow

Past Decade has seen a lot many cities where the real estate sector is growing have witnessed extraordinary expansion in the infrastructural and overall facilities. Lucknow at the same time is experiencing, expanding, and upgrading its infrastructure to accommodate the people not only from the city but from the nearby villages and cities. Lucknow offers something for everyone, right from the local jhuggis to the expansive Villas, farmhouses, and the High-rise apartments Lucknow witnesses an array of residential and commercial developments. To name a few we have some areas that will automatically take us to the scrumptious cuisines or the Real estate developments. However, if you are not from Lucknow just have a look at the world-famous places like Hazratganj, Gomti Nagar, Aliganj, Janki Puram, Bhootnath, Alambagh, Shaheed Path, Mahanagar, Indiranagar, Patrakar Puram, Vibhuti Khand, Faizabad Road, Kanpur road to name a few.