I expect 10-15% hike over a period of five years at the least. If you have made up your mind to invest in Janakipurm and extension I suggest talking a look at various plots that can fetch good value for money apart from residential apartments. Apartments have their own advantages but since a lot of old timers in Lucknow feel more comfortable in buying and selling plots, it can offer you a premium in the medium to long term.
Jankipuram and their extensions are certain growth corridors within the city. Major developers in the Jankipuram area include Sahara and SAS. With the success of the LDA housing scheme the prices in Jankipuram and their extension are already witnessing an upward trend.
Janakipuram and extension lies in the Trans Gomti Phase 2 region and has good future prospects in the long term. The advantage of investing in Janakipuram and extension is that one can invest in plots and independent houses (both new and redeveloped ones). In fact a recent scheme by the Lucknow Development Authority (LDA) offering independent plots was a big hit with the buyers. The prices in Janakipuram and extension range between Rs 200-500 per square feet developing on the size and location of the plot. Well developed public infrastructure along with open green spaces make Janakipuram and extension one of the better areas to invest in medium to long term.
Hey i m residing in Kolkata, so i was planning to buy a plot in Janakipuram extension? Is it a good decison? Should i invest ? Will i get future appreciation?
Yes you will get future appreciation.The advantage of investing in Janakipuram and extension is that one can invest in plots and independent houses (both new and redeveloped ones.The prices in Janakipuram and extension range between Rs 200-500 per square feet developing on the size and location of the plot.