Real Estate Trend in Jankipuram and Extension
Jankipuram along with Gomti Nagar and Indira Nagar are part of certain growth corridors of Lucknow city. These corridors on an average have witnessed a growth between 20-50% in the last two to three years. Jankipuram and extension lies in the Trans Gomti Phase 2 region and has good future prospects in the long term. The advantage of investing in Jankipuram and extension is that one can invest in plots and independent houses (both new and redeveloped ones).
The area lies in the vicinity of many educational institutions, banks, premier hotels, malls and supermarkets. Jankipuram is to Lucknow what the National Capital Region is to the capital New Delhi in terms of modern luxurious lifestyle and planned infrastructure. Jankipuram is located on the National Highway (New Delhi-Lucknow) also called as the Ring Road. The Government Engineering Collage is at a distance of 2 Kms from Janipuram via the Gomti Nagar Flyover. Jankipuram also has the advantage of being on the proposed Ring Road future plan of the Lucknow Metro Rail project coming shortly.
The recent scheme by the Lucknow Development Authority (LDA) offering independent plots was a big hit with the buyers. The prices in Jankipuram and extension range between Rs. 2000 to Rs. 5000 per square feet developing on the size and location of the plot. The leading residential projects in the region are Mustafa Homes and Super Greens Apartments. The average rentals for a 2 BHK per month in Jankipuram and extension region is between Rs. 5,000 to Rs. 6,000 making it an attractive option for apartment owners.
Well developed public infrastructure along with open green spaces make Jankipuram and extension one of the better areas to invest in medium to long term. With the success of the LDA housing scheme the prices in Jankipuram and their extension are already witnessing an upward trend. Major developers in the Jankipuram area include Sahara and SAS.
The biggest plus point of Jankipuram and its extension is the close proximity to the Indian Institute of Management (IIM) and IET & Law faculty of Lucknow University. With a large number of professionals, the area offers good rental accommodation for residential apartments in the long run.
Considering the property prices have been on an exponential rise since the last few years and the super success of the Lucknow Development Authority (LDA) plotting scheme, Jankipuram still offers a great scope for growth over medium to long term. The prices are not as steep as compared to other posh colonies like Gomti Nagar and the region has its unique intrinsic advantages making it a popular investment destination.
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