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Real estate of Lucknow

Q: What are the existing and upcoming infrastructure developments in Lucknow? What will be their impact on the real estate of Lucknow?

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Replies (2)
1
Investing in property at 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.
Sukhpreet


How about Gomtinagar for investment purpose??
Anil Choudhary,  Kolkata
1st July 2013


In Gomtinagar, if you invest ..that can give value for money and also offer more resale opportunities in the future.
Neha Srivastava,  Delhi-NCR
1st July 2013


What would be price for per sq.ft in Gomtinagar?
Anil Choudhary,  Kolkata
1st July 2013


The price will be approx Rs 3200 sq ft.
Neha Srivastava,  Delhi-NCR
1st July 2013


Thanks Neha for reply
Anil Choudhary,  Kolkata
1st July 2013


2
Good to know that you are seeking to invest in Lucknow. The city is actually going under a transition period. Since Lucknow is witnessing a realty boom period, a number of smalltime developers have jumped in the market. There are however 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. You have not mentioned your location of interest but there are some very good projects going on in Trans Gomti areas like Gomtinagar and Jankipuram. If you are seeking to invest with a long term view, the Urban Village Apartments at Hardoi road and Eldeco Eternia on Sitapur road are two good investment opportunities.
Harilal


Even i heard about Rohtas projects ? Is it good project to invest?
Pavan Jain,  Delhi-NCR
1st July 2013


Yes, Rohtas Projects Pvt. Ltd. which have been offering world class infrastructure at par with the major pan India developers like DLF and Unitech. If you are planning to invest please go once and visit and then finalize wheher to buy or not.
Neha Srivastava,  Delhi-NCR
1st July 2013


sure, thanks neha
Pavan Jain,  Delhi-NCR
1st July 2013


3

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