Hi, I am looking to buy a piece of land on Sitapur road in Lucknow?

Q: What are the price trends? What are the prospects of gaining returns in another 5 to 7 years

Pranay Malhotra, Delhi-NCR

27th June 2013

Buying property in Lucknow

investment advice

future appreciation

buyin land

current rate

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Replies (3)

Thank you Ruchi for the advice. Surely i will first visit and then make decision.

Neha Srivastava, Delhi-NCR

1st July 2013

Comment

Yes, good reply from the member above and I totally agree with his view point. Sitapur Road is one of the most promising growth corridors in Lucknow today. I have also come across a large number of non resident Indians that have invested in various areas across Sitapur Road. Since it’s a new development, it’s bound to create consumer interest because the prices have been good and the returns from medium to long term are expected to be quite lucrative. Another fact that remained touched is that a large number of re-development of old properties to builder apartments is prevalent in Sitapur Road area as well. I assume 10-15 % returns on year in the first few years in the area.

Pavan Jain, Delhi-NCR

1st July 2013

Comment

Sitapur Road, Hardoi Road and Kanpur Road are emerging corridors witnessing traction and a good interest from both builders and buyers alike. Sitapur Road area has attracted a lot of interest from overseas buyers and other investors seeking to invest in a state of the art residential accommodation close to their roots in Lucknow. Mega projects by many reputed developers like DLF, Ansals, Sahara, Eldeco and Unitech are under-construction and many new projects are in the pipe-line in Sitapur Road area. It’s a good investment opportunity in the medium to long term while short term prospects remain constant as the region will unlock its potential only after some of the construction activity is completed.

Sanjay Gupta, Delhi-NCR

1st July 2013

Comment

HI, even I am planning to buy a property in sitapur road. Wanted to know whether it would be worth for investment?

Neha Srivastava, Delhi-NCR

1st July 2013

Sitapur Road is one of the most promising growth corridors in Lucknow today. I have also come across a large number of non resident Indians that have invested in various areas across Sitapur Road. I assume 10-15 % returns on year in the first few years in the area.

Ruchi Mishra, Noida

1st July 2013

Okay that means i should go forward for investment in sitapur road?

Neha Srivastava, Delhi-NCR

1st July 2013

Yes according to my point of view, i would suggest you should go see the property and then make decision. Make sure you take all the proof related to that property if you are going to buy.

Ruchi Mishra, Noida

1st July 2013