Future prospects of Gomti Nagar real estate
Gomti Nagar is a prime residential and commercial center of Lucknow city. Trans Gomti region especially Gomti Nagar Phase I, Phase II and Gomti Nagar Extension have been the center of attraction for both developers and end users. A large number of multinational corporations and banking institutes including the Reserve Bank of India have their offices in this area. Gomti Nagar is home to the middle class and upper middle class families making it one of the posh colonies of Lucknow. The proposed Lucknow Metro is going to pass through this area in the near future. Trains coming from the Lucknow Airport Terminal will be diverted towards Gomti Nagar at the Indira Nagar Trisection (Polytechnic Crossing).
Gomti Nagar not only offers well planned roads and civic infrastructure but the close proximity of the area to the Central Business District (CBD) makes it ideal for commercial activities as well. Sahara Hospital and Ram Manohar Lohiya Hospital are two major hospitals located in the Gomti Nagar area. The region has also organized retail developments including the Zee mall, East End mall and Riverside mall making it a perfect destination for residential and commercial investments. Along with state of the art shopping arcades, malls and multiplexes, Gomti Nagar also boosts some of the most well reputed educational institutes including Jagran School, Jaipuria School and Institute of Management, Homeopathic Medical College amid others.
The land prices in Trans Gomti and extension area is between Rs. 3000 to Rs. 4000 per square feet while prices in Gomti Nagar extension range between Rs. 2000 to Rs. 2500 per square feet. The real estate prices in Gomti Nagar area have already witnessed a 5 to 10% increase over the same period last year.
There are a number of well established domestic reputed builders like Raj Ganga developers, Godawari developers and Rohtas Projects Pvt. Ltd. which have been offering world class infrastructure at par with the major pan India developers like DLF and Unitech.
Lucknow is going through a changeover period as far as real estate sector is concerned with more and more people considering investing in apartments moving away from the traditional free hold plots and houses. Gomti Nagar phase 1 and II offers to provide a perfect investment opportunity with international living standards right in the heart of the city.
Overall Gomti Nagar and its extension is one of the positive regions in Lucknow which is likely to provide a good value for money in the medium to long term.
