Lucknow, the city of Nawabs, is the capital of Uttar Pradesh. It is one of the largest cities in the state and has a rich heritage and history. Apart from its rich past, Lucknow is also an upcoming smart city. It is one of the 100 cities chosen under the Smart Cities Mission of GOI. The city has witnessed tremendous growth in every aspect in the last few years.
Here are some reasons that make it one of the best investment destinations:
1. Growing market:
The real estate sector in Lucknow and Lucknow plot rate has witnessed tremendous growth in recent times. It is one of the fastest-growing cities in India and offers good returns on investments over a period of time.
2. Flourishing infrastructure:
The infrastructure has been developed to support the growth in different sectors like education, healthcare, and real estate among others. New developments have taken place across these sectors which has resulted in an increase in demand for housing projects and commercial spaces.
3. Improved connectivity:
Lucknow has improved connectivity with other parts of the country through roadways, railways and airways. This has made it easier to travel to and from Lucknow making it a popular destination for those looking to invest or relocate here.
4. Rapid development:
The government has taken several initiatives for the development of the infrastructure in Lucknow like metro rail project and upcoming international airport. The Ansal API group launched a residential project in Lucknow named Ansal Plaza which was among one of the first commercial projects developed in this region at that time. The expansion of retail sector and commercial spaces along with improved infrastructure reflects that it is a good time to invest in real estate properties here.
5. Upcoming Mega Projects:
The proposed Lucknow metro rail project and rapid development of infrastructure such as flyovers, expressways, and bridges make this city a worthwhile investment destination. The metro will connect various parts of the city with each other and will boost connectivity.
The government is also planning to develop a smart city in Lucknow near Amar Shaheed Path and to offer multiple plots in lucknow. This will connect Kanpur Road and Sultanpur Road in the state capital. The integrated township will be developed on 2,000 acres land with 800 acres reserved for residential projects while 400 acres will be developed as green belt area and 200 acres for commercial use.
6. Better lifestyle:
The city ensures better lifestyle with access to all kinds of facilities such as schools, hospitals, malls, etc. It has everything one needs for a comfortable and luxurious life. Apart from this, Lucknow has good connectivity through railways, roads, buses and cabs which makes commuting easier.
7. Proximity to International Airport:
The new International Airport at Amausi is located just 25 km away from Lucknow city. The former airport was also well-connected to the city and had regular domestic flights to all major cities in India. With the opening of a new international airport, Lucknow is soon going to be connected to Dubai and other Middle Eastern countries by direct flights. The residents will also be able to travel easily to places like Singapore and Bangkok that have good flight connectivity with Dubai.
8. Established Educational Institutions:
Lucknow has always been known for its educational institutions and universities that attract students from all over India and abroad. Some of the popular colleges include IIM, IIT, ISKCON Temple, Bhatkhande Music Institute, Sanjay Gandhi Post Graduate Institute of Medical Sciences, etc. The city also has many government-run schools that provide quality education at affordable rates.
These are the few reasons which makes Lucknow the best designated place for property investment and for living
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