What Makes Lucknow a Hot Destination for Real Estate Investment?

Lucknow, the state capital of Uttar Pradesh, is gradually transforming into a preferred real estate investment destination. Compared to Tier I cities, real estate is growing rapidly in Tier II cities in terms of infrastructure and standard of living. 

Lucknow is one such city that has witnessed rapid development ranging from the growth of the IT sector and the development of transit networks. The ‘City of Nawabs’ has secured a position as a ‘Smart City’, the city is now focusing on the sustainable methods of living, energy efficiency and tech-savvy modes of offering a better lifestyle to its residents.

Owing to its infrastructural development initiated by the state government such as Lucknow Metro, International Cricket Stadium,Lucknow – Agra Expressway, Shaan E Awadh, IT City, U.P. State Dial 100 Headquarter, Cancer Research Institute, to name a few, along with better employment opportunities,educational and healthcare facilities, there is a growing demand for residential projects in the city. Taking advantage of infrastructural development in Lucknow, many leading real estate developers have launched their residential projects with spacious rooms, premium architecture, world-class amenities, hi-tech security features, and many more.

What makes Lucknow attractive?

The city is growing at a rapid pace and luring more and more people to invest in its ever-expanding real estate market. Clicbrics lists a few factors that have contributed to the overall increase in demand for residential properties in Lucknow​

Connectivity:-

Excellent connectivity is one of the major factors for the growth of the real estate sector of Lucknow. The stretches along national highways and expressways have to grab the eyeballs of buyers and investors. With Charbagh Railway Station and Chaudhary Charan Singh Airport, Lucknow is well-connected with the rest of the country. Lucknow Metro has also given a huge boost to intra-city connectivity. Those who have invested in the areas along the metro corridor will be the ones getting the highest benefit. A number of developers are coming forward to grab the opportunity and launch their housing projects in localities near metro routes. Lucknow metro would facilitate in the city as well as it gives a flourishing real estate industry.

A Hub of Education:-​

Lucknow is considered as the hub of education with the presence of reputed schools, colleges and universities. While the presence of infrastructural development and the industries of the city are developing at a rapid pace, the number of good educational institutions is also going up. While reputed schools of Lucknow are upgrading themselves to keep up with the winds of change, several new schools have started to emerge to offer premium education to the students like Indus Valley Public Schools are opening their branches in the state capital of Uttar Pradesh as well.

The city has many govt. educational institutes such as Indian Institute of Management (IIM-Lucknow), Dr Ram Manohar Lohia National Law University University of Lucknow (LU), and Institute of Hotel Management Catering & Nutrition (IHM-Lucknow). The city has also some reputed private institutions such as Amity UniversityBabuBanarasi Das University, Integral University is providing quality education in different field of arts, science, commerce, law, medical, architecture, biotechnology, information technology, etc. Every year, a number of aspiring students from all over India come to Lucknow in search of good educational institutes to pursue their higher education.

Employment Opportunities:-

The economy of Lucknow is booming at a rapid pace, making it a potential IT hub of North India. The government is promoting the IT sector for creating mass job opportunities, thus encouraging commercial development in Lucknow. HCL had started Lucknow centre also referred to as Lucknow IT City, in October 2016 which offers training and employment opportunities to the youth of Lucknow. With the presence of Micro, Small and Medium Enterprises (MSME), IT companies and other industries, the educated youth of the city would not need to migrate to the other cities for employment.

A Medical Tourism Spot

The city offers best healthcare facilities through the best government healthcare centres such as King George Medical College (KGMC), Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPGI), Dr Ram Manohar Lohia Hospital and Balrampur Hospital. Leading private hospitals like Narayana Hrudalaya Aarogyam and Medanta have already drawing patients not only from other districts of Uttar Pradesh but also from other states and even abroad.