Apartment verses plots in Lucknow

Q: Hi, I’m looking to invest around 40 Lakhs. What will be the better option for me a plot or an apartment in Lucknow?

Pavan Jain, Delhi-NCR

14th June 2013

Investment Advice in Lucknow

lucknow upcoming project

lucknow real estate

property buying in lucknow

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Lucknow Investment Advice Investment Advice in Lucknow

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The Lucknow Development Authority has not announced any schemes for independent houses and plots for a long time and investing in apartments is a definitely a futuristic decision. Even the old Kothis in Lucknow are being demolished, making way for builder apartments. Keeping your budget in mind, investing in Gomtinagar and Dew Road areas are definitely options you must consider. With improving road network, living in trans Gomti areas can be ideal offering the old world charm along with modern amenities. More and more users in Lucknow are migrating towards builder apartments and with the security and features like power backup and hassle free lifestyle, investing in apartments is the ideal situation.

Neha Srivastava, Delhi-NCR

14th June 2013

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Investing in property in Lucknow is a very wise decision as the city real estate market is currently a buyer’s market with conservative estimates pointing to a likely 8 to 10% appreciation on year. Lucknow is divided into old Lucknow and new Lucknow. Traditionally old Lucknow has an independent housing culture. If you are open to moving to new Lucknow, investing in a residential apartment is advised. Areas such as Gomtinagar and Jankipuram has projects by reputed builders like DLF and Emaar MGF apart from local developers that can give value for money and also offer more resale opportunities in the future. Invest in a plot only if you are reluctant to move to new Lucknow while returns may not be that lucrative in the long term.

Sanjay Gupta, Delhi-NCR

14th June 2013

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