Property in Lucknow: Lucknow is the capital of the UP in India. It is a major city of India and the headquarters of Lucknow District and Division. It is the eleventh city in population in India.
Name Lucknow is derived from hindu mythology Rama and Lakshman, its name is after Lakshman i.e., Lakshmanpuri. Its name changed several times from Lakhshmanpuri to Lakhanpur to Lucknow.
Here are some points to tell you about Property in Lucknow.
This city has always been known for its multicultural life, artistic hub of India. This is the reason people investing in property in Lucknow. Its real estate development is in boom and spreading its wings from recent living areas like Hazratganj to other emerging residential areas in Janakpuri, Gomti Nagar and Mahanagar.
There are many investors and Dealers who invest in property and develop new projects in emerging areas. They come up with huge projects of residential property, making way for other new projects in those areas.
There is huge demand of good quality residential flats and apartment with high class interior and affordable price. So, traders are getting into those projects which fulfill their needs.
Lucknow is in top ten fastest job creating cities in India that is why students from different parts of country come and get job opportunities, and for them this city is the best place for offices and retailing development and commercial development as well. Gomti Nagar is coming up with new residential projects and Sapru Marg is covering commercial part.
Two major govt. agencies like Lucknow Development Authority and Uttar Pradesh Housing Development Board are up with major contribution in growing infrastructure in this city. They both are doing its best to develop real estate in Lucknow. These both agencies provide two models for the developer and investors, one is Development Licence Model and other is Bulk Land Allotment Model. Under these models developers and investors will develop high-class infrastructure for housing.
so Lucknow is the best place to reside in because it is multicultural city, best in handicraft, best architecture and best in property.
You may know better ideas about property trends in Kolkata India