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Why Should You Buy Property in Lucknow?

Why Should You Buy Property in Lucknow?

Lucknow is known as one of the most important cities of the country. After securing its place in the smart cities of India, Lucknow is now emerging in various sectors like retailing, manufacturing and commercial. Clearly, with the rise of modern infrastructure, the city is attracting many investors and home buyers.

The Real-Estate market of Lucknow has noticed a considerable growth in recent times. Changing ambition of the local population, rapid increase in economic activity, good salary packages and increased employment opportunities have encouraged the growth of Real-Estate market in Lucknow.

 

This sudden appearance of the real estate market in Lucknow can further be attributed to the rise in construction activity, the majority of which is being done in the residential sector. Real-Estate developers in Lucknow are building many townships on the outskirts of Lucknow.

 

With a view to give a fillip to the biotech sector, the Government has collaborated with local universities and industries, the Council of Scientific and Industrial Research, and the Indian Institute of Technology Kanpur to set up a biotech park in Lucknow. This park plays a crucial role in the initial establishment phase of the start-up companies by furnishing key information concerning business avenues. It also provides easy access to the expertise of esteemed and successful scientists. This park can prove immensely beneficial for investors looking to invest in the biotech sector.

 

YOU MUST KNOW WHY BEFORE YOU ASK WHERE

  • Lucknow Development Authority (LDA) has great plans to make Lucknow a world class city. Few of them include the upcoming 301 km Agra Lucknow Expressway, World class transportation facilities by constructing subways, flyovers, hotels, malls and multi-level parking lots, a connectivity between Raebareli and Sultanpur road is already in progress. 

 

  • Well-developed Infra Structure Being the capital of Uttar Pradesh, Lucknow has a great network of well- connected roads, flyovers that aid smooth transportation, high tech infrastructure, green belts etc. The City of Nawabs is well connected through railways. With the launch of metro project, the real estate market has been on a Rise. Lucknow Metro Rail Corporation (LMRC) is set to add another feather to the city’s transportation and infrastructure. 

 

  • Innovation by developers in the endeavour to satisfy their customers, the Real estate developers in Lucknow have trying new methods and features in the construction of flats. Thus, various properties are available that have unique designs and atmosphere. 

 

  • Flats with all amenities the flats that are being developed in Lucknow are fastened with all the new techniques and amenities. Amenities include parking area, exceptional connectivity with neighbouring cities, electricity supply round the clock, and closeness to schools, healthcare centres and shopping complexes. This isn’t the limit to the settlements that a resident enjoys yet there are loads of rewards. There are some key locations like Gomti Nagar, Sitapur Hardoi Road, Shaheed path, Sector-6, 7 and many more within the city experiencing such developments. 

 

  • Development of commercial zones (DCZ) involving shopping complexes is providing a considerable share in the economic expansion. Thus, the populations within the city are able to make a high source of income by making investments in such commercial sections. 

 

  • In the years to come, Lucknow will experience more developments in the real estate. These developments will bring along high profits for those who will invest at the right time. Non-residents can investigate the finest property alternatives with the assistance of an experienced real estate consultant. Some of the firms are also occupied in advising the property options. With such capital, an entity can find the residential or commercial unit within their preferred budget and preferable location. 
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Buying a Home During Covid-19 in Lucknow | TopPropMart

Buying a Home During Covid-19 in Lucknow

Lucknow is developing at a rapid pace. All the major developers of North India are eyeing Lucknow as a very lucrative market. City’s growing infrastructure and facilities are improving and therefore people are attracted to Lucknow like never before.

Buying a home in this pandemic is beneficial if you find a home that seems right for you, you have job stability and if you can get financing at historically low rates then buying a home might be a wise choice and the right thing to do even now.

The same story is true for someone who wants to buy a property in Lucknow. The pandemic crisis gave investors a unique opportunity to scoop up properties at extremely low prices and finance them with historically low interest rates. 

It’s a difficult to time for the real estate market. For decades, it was understood that you could safely place your money into a home, sit back, and watch your home’s value go up. 

While there are plenty of lessons to be learnt from this pandemic, one of the most important lesson is the fact that life is very changeable, and we should be ready to fight with every situation. This holds true for our finances too and thus our investments. While, it is no secret that real estate is one of the safest and long-term investments, do you understand that this Covid-19 lockdown could prove to be the best time to invest in this asset. Here’s why!

 

  • Buyer sentiments have been immensely impacted due to the negative impact of Covid-19 on the economy. The looming uncertainty in the job markets, prospective home buyers have pulled back or deferred their purchase decisions. This gives an investor a higher negotiating power to close deals.

 

  • This has squeezed top notch developers across the country such as Godrej Properties, Bhutani, Shriram Earth etc come out with special lockdown offers that you as a prudent investor would not want to miss. With the special payment plans of cash discounts to booking a property    with just Rs 1 lakh, it’s all happening.

 

  • Apart from being less unstable, real estate is also a long term and tangible asset. It offers capital appreciation if you stay invested for a certain period of time. Market experts believe that even though the real estate sector has already taken a hit due to the pandemic, it is expected to revive soon. Even if you give yourself a period of at least 2-3 years, there are still chances you would end up gaining a higher ROI than any other asset. Not to forget the rental income one can gain if invested in a ready property.

 

  • Probably the worst hit asset due to Covid-19 was the share markets. basically, investors have been pulling their money out of stocks. This causes the price of the bonds to go up and about their yield to go downward. Stock markets have crashed not just in India but also globally. All seasoned investors know that stock markets are volatile and a high- risk investment as opposed to real estate. It thus makes sense to diversify your investment portfolio and invest in real estate at a time when everything else seems unstable.

 

  • The Reserve Bank of India (RBI) announced a rate cut in repo rates. The repo rate was reduced from 4.40% to 3.75%, a drop of 25 basis points. This clearly means that banks can now get loans at a lower rate from the RBI. If banks decide to pass on this benefit to the customers, the automatically your home loans rates will come down drastically.

 

  • As we all our at home following social distancing, we have more time on our hands to do a thorough research. You cannot go out for site visits; however, developers and brokerage firms have created all types of virtual aids to guide you in your purchase. Utilize your time to visit the properties online and who knows you might just find the deal of your dreams.

 

If you have a secure job and a positive capital backup or if you are looking for a long-term investment, this could be the right time to put your money in real estate. Lockdown have had us sit at home and re-think our whole existence!

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Top Real Estate Projects in Lucknow | TopPropMart

Top Real Estate Projects in Lucknow

Top Real-Estate Developer’s in Lucknow

Industry experts in Lucknow, especially those who are in the market on the crushed and dealing with the buyers on a day to day basis, say that property markets in the state of Uttar Pradesh has never really witnessed any major growth. But during last 2 decades or from last 20 years the state capital of Uttar Pradesh, Lucknow has seen an immense and rapid growth in the real estate market. Today, investors from different cities of Uttar Pradesh such as Allahabad, Barabanki, Kanpur, Sitapur, Sultanpur, Varanasi, Unnao etc are looking Lucknow as the best real estate market of the state.

There are numbers of real estate builders taken birth in the city which are doing a good business in real estate market.

DLF:

DLF - Real Estate Project Lucknow

With more than 73 years of real estate investment, development, and management experience, DLF has an unparalleled scale of delivery and an unmatched track record of customer-centric service excellence in India.

 

Years of Experience                                    74

 

Total Projects                                              72

 

Ongoing Projects                                        72

Unitech

 

UniTech - Real Estate Property Lucknow

Unitech has experience in developing and leasing IT/ITes and commercial office spaces in its Grade ‘A’ complexes in Gurgaon like Cyber Park, Signature Towers, Global Business Parks, Unitech Business Park, Unitech Trade Centre, Millenniums Plaza, Unitech Corporate Park, etc. Some recent launches have been Nirvana Courtyards II, Signature Towers II, Uniworld Towers and Infospace in Gurgaon, Bhubaneshwar 1 in Bhubaneshwar etc.

Years of Experience                                    49

 

Total Projects                                              76

 

Ongoing Projects                                        49

 

Omaxe

Omaxe - Real Estate Property Lucknow

With presence in 8 major states and 27 cities, Omaxe has both residential and commercial properties for our customers. The township principally consists of 14 group projects including twelve residential and two commercial projects. The residential projects comprise of independent floors, apartments and villas while the commercial project by Omaxe in Lucknow include a shopping centre and office space.

 

 

Years of Experience                                     33

 

Total Projects                                              104

 

Ongoing Projects                                        100

 

Ansal API

Ansal API - Real Estate Property Lucknow

The Sushant Golf City is the benchmark of golf-based development spread across 6400 acres on the outskirts of Lucknow. The ultra-modern township has a world-class 18-hole championship golf course surrounded by residential and commercial Developments. 

 

 

Years of Experience                                    53

 

Total Projects                                               98

 

Ongoing Projects                                         83

Parsvnath Developers

Ansal API - Real Estate Property Lucknow

One of India’s leading Real Estate Developers, with pan India presence across 41 cities in 15 states. Parsvnath Developers Limited has a diversified portfolio which includes, Integrated Townships, Group Housing, Commercial Complexes, Hotels, I.T. Parks, B.O.T. Projects, SEZs and 3rd Party Contracting.

Years of Experience                                             13

 

Total Projects                                                        55

 

Ongoing Projects                                                  53

Eldeco Group

Eldeco Group- Real Estate Property Lucknow

Carrying more than 30 years of expertise in construction and real estate development, Eldeco has delivered more than 150 projects spanning townships, high-rise condominiums, industrial estates, malls and office complexes. In addition, 30 projects are in various stages of active execution. The aggregate delivered area stands at more than 20 million sq.ft. with more than 25000 satisfied customers. Currently, apart from the towns mentioned above, Eldeco is developing projects in Panipat, Sonepat, Ludhiana, Jhansi, Neemrana and Jalandhar. The unique 1200 acres state-of-the-art Eldeco Sidcul Industrial Park at Sitarganj, Uttarakhand, is Eldeco’s flagship project in the industrial sector.

Years of Experience                                            13

 

Total Projects                                                       69

 

Ongoing Projects                                                 59

 

Emaar India

Emaar India - Real Estate Property Lucknow

Emaar started its business operations in India in 2005 and continues to fulfil its brand promise through its customer centric approach. Emaar in India has won several awards for its pioneering work and iconic projects, including the prestigious:

 

  • Developer of The Year – Residential’ Award from ET Now in 2018
  • DNA Real Estate & Infrastructure Awards
  • 9th Realty+ Conclave and Excellence Award in 2017

 

Years of Experience                                     15

 

Total Projects                                                36

 

Ongoing Projects                                             3

Purvanchal

Purvanchal is today clearly identified in the large scale housing construction business and real estate development, by timely delivery of prestigious project like group housing society for the officers of Prime Minister’s Office, NTPC, SCL, RBI, Ministry of Communications, Oriental Insurance, HCL Technologies, Infosys, Wipro, IBM, TCS, ST Microsystems, Supreme Court Bar Association and many other leading Multi-National Companies.

 

Years of Experience                                      26

 

Total Projects                                                 18

 

Ongoing Projects                                            18

Rishita Developers

Rishita Developers - Real Estate Property Lucknow

Rishita Developers Pvt. Ltd. has delivered exclusive developments with a unique combination of traditional and contemporary designs. With the passion for creating vibrant and sustainable communities, RDPL, aims to build not just homes, but a valuable legacy. It aims to build dream homes that are pocket-friendly and create spaces where life meets lifestyle. As for RDPL, the design of a home doesn’t stop at the door.

 

Years of Experience                                       11

 

Total Projects                                                  07

 

Ongoing Projects                                            06

 

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Residential Apartments in Lucknow – TopPropMart

Residential Apartments in Lucknow

There are various localities in Lucknow where residential market is growing and has a huge demand. Multi-storey apartments are available in areas like Shaheed path, Faizabad road, Gomti nagar, Mahanagar, Kanpur road, Jopling road, Vibhuti khand, Sushant golf city. MI Rustle Court is one such residential properties in lucknow with the price of Rs 74.9 lakhs, area being 1452 sq ft and 2 bhk apartments. Residential flats are coming keeping in mind the requirements of investors and providing the best amenities to them. New age technologies along with all comforts are kept in mind to give the best experience to investors for residential flats in Lucknow.
The price ranges between 2 lakhs to 2 crores.In Lucknow, the locations of residential apartments lies in Gomti nagar extension, Faizabad road, Dewa road, Vrindavan Yojana. The number has always increased because of many residential properties coming in Lucknow. The city has developed when it comes to real estate industry, so the people who buy residential properties in Lucknow have got high returns on their investment. The areas of these residential apartments are Faizabad, new jail road, sitapur road, jankipuram, niralanagar. One should have a budget in the range of 22 lakhs to 2 crores. One expects all modern amenities and spacious property along with decent locality for residential apartments. Residential plots are available in areas jail road, Deva road, Gomti nagar extension, Jankipuram, Mohanlalganj, Kursi road, Indira nagar, Ansal API Golf city. The prices range from Rs.3000 per square yard to Rs.60,000 per square yard. An investor can get a good ROI when buying residential property in Lucknow as the industry is seeing ample growth in the city with many new projects coming up. To know the best residential property deals visit TopPropMart

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Real Estate Company in Lucknow | TopPropMart

Real Estate Company in Lucknow

The real estate in Lucknow has shown an enormous growth in real estate sector. In terms of infrastructure and metro the city is developing. Lucknow real estate market has become attraction for NRIs as well as it offers a sizeable ROI. Lucknow real estate has made a mark in localities like Hazrartganj, Butler colony, Charbagh, Hasanganj.

Lucknow real estate is budding with projects developing in areas like Jankipuram Extension, Gomti nagar extension, Mahanagar, niralanagar. Amausi, Sushant Golf city have maximum properties for sale. The real estate properties in Lucknow have shown a rental yield of 3.98 percent according to a market research done by makaan.com. The villa projects or independent houses comes in a budget range of Rs52-60 lakhs. There are approximate 2800 projects in this category. Market researchers are of the view that key areas could get one a sizeable rate of profitability or ROI on account of the city’s development.

Lucknow is one of the fastest growing cities in India. There are many real estate companies in Lucknow coming up and some are well established in the city. DLF is one amongst many who have placed themselves really well in terms of commercial and residential projects both. Shri Balaji Constructions Company is one such real estate company in Lucknow which was started 10 years back and serves large and medium category of projects. They are best known for commercial office spaces, villas and plots.In Lucknow, Eldeco is also one of the forerunner real estate companies which marks its presence in many other cities of North India. It has successfully delivered around 175 projects spanning across malls, townships, office complexes. It is one of the most trusted real estate companies in Lucknow gaining the trust of many investors.  Rudra Real Estate Pvt Ltd is one of the developing real estate companies which has fused traditional and modern techniques in their business.

Lucknow is blooming with real estate companies and has become a great attraction for investors.

In Lucknow, Real estate consultants have shown a tremendous growth with real estate companies understanding the concept of consulting the investors. GN Real Estate & Infra Housing Pvt Ltd is one such company who understands the requirements of investors and customize according to their requirements. Saurabh Land Square Private Limited is another real estate consultant in Lucknow who thinks of real estate more than just buying or selling a property.

TopPropMart has been growing as investors look for guidance before investing money. The consultants give honest advice to investors before buying a property. Real estate property dealers has picked up a great pace as investors considers it a wise decision to consult them before investing. They help in making a good financial decision towards buying a dream property. Trust is very important when buying a residential properties in lucknow. Real estate consultants have been successful in consulting clients to make a good purchase. For best residential property deals, visit Toppropmart

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Perks of Investing in Lucknow | TopPropMart

Perks of Investing in Lucknow

The city of Nawabs, Lucknow has developed tremendously in all areas especially in real estate sector. There are various reasons why one should one invest in this city. The Town and Country Planning has estimated that approximately 197 villages will be brought under the Master Plan 2021. So it is speculated that many residential properties will be developed in these locations. Faizabad road, Sultanpur, Raebareli road will not be far behind when it comes to commercial properties. An approval has been done by LDA for the construction of 150 metre wide ring road to popularise private projects in the city. There will also be a development of Knowledge park between Mohan road and Jail road having higher education and coaching institutions in its vicinity. The development of metro in the city will be an impetus for the growth of real estate corridor. This will surely prove to be beneficial for the public. Various townships and IT city spread over an area of 100 acres is being developed by ACL technologies. Lucknow comes second in the list of Smart cities given by the Centre. Assistance and funds will be provided by the Centre. Multi speciality hospitals are being set up in the city which makes it a medical tourism spot. These were some of the perks to invest in the city.

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Upcoming Commercial Projects in Lucknow

Upcoming Commercial Projects in Lucknow

The main locations of upcoming commercial projects are rajajipuram, gomti nagar, Sushant golf city, gomti nagar extension.

Rohtas Summit is one of the commercial project of Rohtas in Lucknow It has office spaces in Vibhuti khand, in the range of 93.6 lakhs to 4.14 crores. The project is equipped with security service and other modern amenities. Ansal API Shopping Square is located in Sushant Golf City. It is a ready to move property having 50 units in total 5 floors. Levana Cyber Heights, a commercial project of Levana Group is in Vibhuti khand area, with 90 units in total 9 floors. It is ready to move with resale price of Rs 1.45 crores. Omaxe has its commercial project coming which offers commercial space, serviced apartments and commercial shops. It is under construction and the possession year being 2022. Shalimar Corp is coming with Shalimar Iridium in Vibhuti Khand, the launch year being 2020. One Place The Fateh is a commercial project of One Place Group. It offers commercial shops, office space, having 239 units. These are the projects to look out for.

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Upcoming Residential Projects in Lucknow | TopPropMart

Upcoming Residential Projects in Lucknow

The city of nawabs, Lucknow has been progressing when it comes to residential projects.

The introduction of Metro in Lucknow has taken Lucknow to a next level when it comes to Real Estate.

The main areas include Shaheed path, Gomti nagar, Faizabad Road, to name a few are being developed to the next level.

Big Real Estate Brands like Omaxe, Rishita, DLF, Ansal, Emaar, Shalimar, Experion are coming up with many new projects both Commercial & Residential. It comprises of 2BHK, 3BHK & 4BHK apartments. The location of these properties are attractive enough to lure the Investors.

These developers have their existing projects still for sale, still they are coming up with new projects because there is a good scope for Investment in Lucknow. People are moving in from the Eastern Belt of U.P.

 

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