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Future prospects of investing on Raebareli Road Lucknow

No Comments Sub Category:Real Estate Trend Posted On: Jul 11, 2013

Real estate trend of Raebareli LucknowThe Real estate map of Lucknow is undergoing a transitional phase. New age high rise apartments are replacing the traditional independent houses while new areas especially on the highways to neighboring cities and towns are being developed with much aplomb. Highways linking Lucknow to cities like Kanpur, Raebareli, Hardoi, Sitapur and Faizabad are the new age corridors attracting real estate development with good civic infrastructure. Kanpur Road along with Raebareli Road and the Sultanpur Road are considered to the future avenues of Lucknow. Since Lucknow cantonment is located between the Raebareli Road and Sultanpur Road, the area has vast tracks of military land. Local development in the region has picked up and a number of pan Indian builders have been developing the region at a very fast pace.

Land acquisition by private builders and developers are going on smoothly in the region. Lucknow Development Authority, Uttar Pradesh Housing and Development Board are collaborating with the local farmers and builders to allow for smooth transition of land allowing hassle free bookings by the end users. Raebareli Road has a number of ongoing projects including commercial centers and townships. Mega projects by many reputed pan India developers are in under-construction and many new projects are in the pipe line. Many local developers are also offering good value for money apartments in the region.

Raebareli Road is well-connected with other parts of the city through the Shaheed Path which is an elevated road project linking Lucknow city center to the various highways. The average prices for a residential apartment in Raebareli road ranges between Rs. 2200 to Rs. 3000 per square feet while prices for land plots range between Rs.1500 to Rs. 2500 per square feet depending on the location and its proximity from the main highway. Due to the presence of Sanjay Gandhi Post Graduate Institute of Medical Sciences, rental accommodation is also on the upswing. The average rental prices for a 2 BHK in the area ranges between Rs. 4000 to Rs. 6000 per month.

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