Right Time to Invest in Residential Properties in Lucknow?

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Right Time to Invest in Residential Properties in Lucknow?

In the past couple of years, real estate has undergone a transition in India. The industry has brought a new wave of efficiency due to a conducive combination of innovative marketing strategies and techniques. Real estate developers in India have realised that to build customer trust, building a brand is extremely important.

When to buy property in Lucknow And why not? Let’s look at some data. Currently, only 40% of the population in UP is Urban and it is predicted that by 2031, almost 70% of the population in UP will be urbanized. No wonder then that the most developed urban centers like Lucknow will grow the fastest and as they grow there will be a huge demand for housing.

Lucknow is on the list of fast-track Smart Cities, released by the Ministry of Urban Development, and it is one of the cities where real estate industry has witnessed significant growth in the last decade. A host of investment opportunities and a highly competitive price range make this city a lucrative investment market for home buyers. So, investors today are looking for the best places to buy land in Lucknow.

The Lucknow Development Authority (LDA) and RERA are the primary authority that approves the plots along the corridor. The corridor covers the following prominent areas for residential plots/lands:

  • Indira Nagar

  • Shivaji Puram

  • Gomti Nagar

  • Gomti Nagar Extension

  • Sultanpur Road

  • Faizabad Road

  • Shaheed Path

 

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