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An Overview of the Lucknow Real Estate Market

About Lucknow
Lucknow, the capital city of Uttar Pradesh, is known for its amazing blend of old and new culture as well as architecture. The city boasts of not just a multicultural lifestyle but the infrastructure of the city is also festooned with numerous forts, gardens, Persian architecture marvels and obviously the stunning Imambaras. It is also known as the city of Tehzeeb because of the rich culture it has adopted due to the amalgamation of Hindu and Muslim rulers. Apart from that, the city is also famous for its poetry, chikan work and, not to forget, the relishing food.


Infrastructure & Connectivity
Lucknow, the city of Nawabs encloses within its precincts two poles; one which still renders the old and rich historical face while on the flip side you’ll see various modern and world-class buildings. The city has still undoubtedly come a long way from its rich history. Today, there are a number of educational institutions, healthcare facilities and amazing lifestyle options. The connectivity of the city is nowhere behind. It is widely connected with the interstate bus transportation system. The Mass Rapid Trans System, Metro Link and Monorail that are under-construction in this city will make commutation here more smooth and seamless. Other than that, the Chaudhary Charan Singh International Airport and the widely-connected railway network offer excellent transportation service to all its inhabitants.


The population of Lucknow was estimated to be at 2,817,105 in the 2011 Indian census; this number has reached 3,330,331 in the year 2016. The literacy rate of the city was 82.50% with 86.04% males and 78.70% females being literate. There were around 928 females for every 1,000 male in 2011 and this number has now decreased to just 915.


Life Style
There are a number of historical monuments that attract thousands of tourists every year in this city. People of Lucknow love visiting these ancient forts and monuments to spend their time away from the busy lives. Nawabi food is everybody’s weakness in Lucknow and the local markets that light up during the evenings and at festive times offer excellent shopping spots. To match the modern lifestyle of the people, a number of malls, movie theaters, pubs and amusement parks have been set up in the past few years.


Key localities in Lucknow
Like every other metropolitan city, Lucknow real estate is also bestowed with some amazing localities. The localities that have been discussed below will not disappoint anyone, whether you are looking for commercial space or residential houses. These are some of the best localities that offer amazing property for sale in Lucknow: Hazrat Ganj, Kapoorthala, Gomti Nagar, Aminaabad, Chinhat, Butler Colony, Eldeco II, Kusri Road, Indira Nagar, Aashiyana and others.


Real Estate Market
Lucknow property builders have a great share in taking the city to such great heights in terms of infrastructure. They come up with world-class apartments and other buildings to resolve any problem related to real estate in Lucknow. Here’s a list of the top builders in the city: Parshvanath, DLF, Omaxe, Sahara, Unitech, Ansal API and others.


Projects in Lucknow
Real estate in Lucknow has seen a tremendous growth over the past few years. Different types of residential and commercial properties can be availed in this city to suit the needs of every dweller. Whether you need affordable residential apartments or you are in need of luxurious bungalows or villas, the city offers everything that pleases your budget and requirements.


Govt Projects in Lucknow
Lucknow Government or Lucknow Development Authority comes up with various housing projects to provide affordable housing facility for the lower segment of the society. UP Awas Vikas Parishad recently launched its latest housing scheme on 9 January 2017 where it would allot 928 EWS and LIG flats in the UPAVP Rajajipuram Yojana 2017. In another housing scheme, the same UPAVP would allot 1024 1BHk Type-A, 1BHK Type-B and 2BHK flats in Sharda Enclave Sector-5. The application for this scheme also started on 9 January 2017. Hi! Searching for Property? Let's Chat