Located in the capital city of Uttar Pradesh, Sitapur Road, part of National Highway 24, is one of the major roadways that runs through Lucknow. Covering a number of notable areas, Sitapur Road extends from Sitapur in North-eastern UP to the river Gomathi in Lucknow.
Traditionally known for its rich heritage and culture, this place has started to bloom as an IT and education hub in the past few years. There are also a lot of new colonies and townships being constructed along the highway in this area. This in turn, has resulted in an increase in real estate value.
The presence of IT parks and the availability of many premier educational institutions and hospitals have made this area a good bet for working professionals who are looking to shift to Lucknow with their families.
Connectivity and Transit Points
Sitapur Road is one area that boasts of excellent connectivity to all parts of the city. Right from Sitapur to the heart of Lucknow, it covers major areas like Chandralok, Aliganj, Jankipuram, Bargadi Magath, Saray Usrana, and Avas Vikas colony. Apart from NH 24, the other major roadways in this vicinity are the IIM road, NH 25, NH 56 and State Highway 25.
The UPSRTC (Uttar Pradesh State Transport) buses provide local public transport here, connecting all areas in Lucknow and also major cities nearby. There are plenty of bus stops in this area, the major ones being Shia College, Daliganj crossing, Madiyaon, IIM road, Jankipuram extension turn, and Bakshi ka Talab.
Sitapur Road is located at a distance of 10 k m from Lucknow railway station, and at a distance of 21 km from Lucknow airport.
Major Landmarks
â—? ITM Lucknow
â—? IIM Lucknow
â—? CSIR - Central Drug Research Institute
â—? University of Lucknow
â—? Life Line Hospital
Factors for Growth in the Past
Sitapur derives its name from Sita, wife of Lord Rama. It is a place that comes with a rich tradition and culture. This region was particularly famous for its unique styles of embroidery, like ‘Chikankari’ and ‘Zardozi’.
A lot of damage was done to the city during the first war of Indian Independence, in 1857. One can still see the effects of this in the form of dilapidated buildings in this region. Reinventing itself, Sitapur Road emerged as not only a place of historic importance, but also a hub for education and information technology. The establishment of a number of schools and IT parks have contributed towards its economic growth.
Residential & Commercial Market
Residential Market Trends
Being primarily a residential locality, Sitapur Road has a number of apartments, independent houses, and residential plots for sale. Many projects here, have been launched recently, and are ready for occupancy. The average sale price for residential plots in Sitapur Road is Rs 8,200 per sq. yd., and for apartments/flats, it is Rs 3,550 per sq. ft. Independent houses in Sitapur Road are priced at Rs 4,100 per sq. ft.
Commercial Market Trends
Predominantly a residential area, this place has witnessed a spurt of commercial development in recent times. The average price for office spaces here, is approximately Rs 3,550 per sq. ft., and for shops it is Rs 5,200 per sq. ft. Commercial plots, on the other hand, are priced at Rs 760 per sq. ft.
Major Challenges
The unavailability of a proper drainage system is a major cause of concern in certain areas. Illegal encroachment on private property has also disturbed the daily lives of local residents.
Factors for Growth in the Future
Sitapur Road is a well-developed area for the most part, and a promising venture for investors, thanks to the still affordable land and property prices. Physical infrastructure development is already underway, as is evident from the many road widening projects being undertaken in the area. In addition, opening up of large tracts of commercial space and civic infrastructure for development will play a key role going into the future.
