Lucknow – The Next Flagbearer Of Real Estate Investments After Noida

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You may have heard of Noida as the most advanced city in Uttar Pradesh. Well, that’s right, on many aspects – best social infrastructure, well-planned connectivity, expanding economy, basic amenities, and top-level real estate projects – all define Noida’s edge over other cities in the state.

However, that’s not the case anymore. Lucknow has emerged as the next fastest-growing economy in Uttar Pradesh. The City of Nawabs has invited top developers from around the country to participate in its evolving economy and transform the region’s real estate landscape.

Numerous big developers, such as Omaxe, Emaar, Eldeco, Ansal API, Rishita Developers, etc., have become shareholders in the regional property market of Lucknow. The city has shown an immense willingness to stand on par with Noida, thrusting the local real estate development.

Whether you’re looking for a residence to settle with your family or digging for a new property in Lucknow as your next investment spot, this city welcomes you with open hands!

Let’s check out a few locations in Lucknow you can consider for your next big real estate investment.

Top Locations To Invest In Lucknow

Buying a house is a big deal, and picking the right place is an extremely important part. Lucknow, the colourful capital of Uttar Pradesh, has a diverse landscape with various areas you can call home. The city features its own distinctive features and benefits. However, with so many selections, where do you begin? No need to worry… Lucknow will take care of you.

1. Gomti Nagar

Gomti Nagar grabs the top spot among investors. It is one of Lucknow’s most preferred and in-demand localities. This well-planned and highly-developed township caters for your every need. It doesn’t matter whether it is about excellent hospitals such as Sahara Hospital and Chandan Hospital, top-quality schools like City Montessori School, or vibrant malls like Fun Republic Mall and One Awadh, Gomti Nagar has everything that its residents need.

Why Choose Gomti Nagar?

  • Excellent connectivity: The locality enjoys close proximity to major roads and highways, which shortens commuting times significantly.
  • Range of housing options: From the budget-friendly apartments to the luxurious villas, you name it. There is something for everybody.
  • Proximity to top amenities: Hospitals, schools, shopping centres, and entertainment venues are a few steps away.
  • Ideal for: Families, working professionals, students, and those who prioritise convenience and a modern lifestyle.

2. Hazratganj

Step into the historical vibe of Hazratganj, the pulsating heart of Lucknow. This place is, indeed, more than just shops and food joints; it boasts colonial architectural marvels and beautiful spaces like Hazratganj Market and Gandhi Park.

Why Choose Hazratganj?

  • Central location: Prime topography right in the city centre, just a stone’s throw away from all major attractions.
  • Heritage charm: Enjoy the harmony of the old and the new in the architecture!
  • Vibrant atmosphere: With the consistent buzzing of shops, cafes and entertainment venues, you get to experience the hustle and bustle of the city.
  • Ideal for: Young people, history lovers, and those wishing for a lively location near the city centre.

3. Aliganj

Aliganj is the answer to your question if you are in search of a quiet place amidst the city. A commendable infrastructure and a serene environment characterise this established neighbourhood. It has independent houses and apartments to meet the different preferences of real estate buyers.

Why Choose Aliganj?

  • Peaceful and serene: Escape from the busy city life without sacrificing the accessibility to amenities.
  • Excellent infrastructure: Wide streets, well-kept parks, and all the services required will be readily available.
  • Reputed educational institutions: Perfect location for families with school-going children.
  • Ideal for: Families searching for a peaceful environment, working professionals, and those who value quality of life.

4. Jankipuram

This location is one of the fastest developing areas in Lucknow and is widely famous for its affordable housing. This locality features a number of properties, from pocket-friendly apartments to lavish villas, and has excellent connectivity to other parts of Lucknow.

Why Choose Jankipuram?

  • Affordable housing: Perfect for first-time buyers or those on a limited budget.
  • Excellent connectivity: The location is well connected to major roads and highways, thus guaranteeing hassle-free commutes.
  • Modern amenities: Hospitals, schools, and shopping malls are readily available.
  • Ideal for: Budget-conscious buyers, young couples, and property investors.

5. Indira Nagar

This location is among the favourite residential destinations in Lucknow, thanks to its peaceful ambience and top infrastructure. This locality brings a great variety of housing options – from budget-friendly apartments to luxurious villas with well-known schools and medical facilities.

Why Choose Indira Nagar?

  • Tranquil environment: Find yourself in a relaxed environment with no city noise.
  • Excellent infrastructure: The presence of well-maintained roads, parks, and all essential services.
  • Reputed educational institutions: This is just the right location for families with school-going children.
  • Good healthcare facilities: Availability of good hospitals and clinics.
  • Ideal for: Families looking for a peaceful and comfortable living area, working professionals, students, and retirees.

While these are some of the top locations to find a home in Lucknow, several developers have stepped forward to define the housing real estate market of the region. The increasing popularity of 1, 2, and 3 BHK flats in Sushant Golf City Lucknow, Gomti Nagar, Jankipuram, and other locations are providing affordable housing opportunities to budget-conscious buyers.

Top Developers In Lucknow

Lucknow is counted among the 10 fastest-growing cities in terms of job creation, which has led to a dramatic rise in housing in the region. The city caters to a varied range of property buyers. Whether they’re looking for an affordable 1 BHK flat or a luxury villa, want independent housing or upscale community living, the city serves every demand.

Let’s check out the prominent real estate developers leading Lucknow’s property market.

Omaxe

This developer group has delivered more than 112.4 million sqft of space across India in commercial and residential categories. Omaxe has created state-of-the-art projects in both luxury and affordable domains. Omaxe Residency, Omaxe Avenue, Omaxe City, and Omaxe Hazratganj are among the top developments in Lucknow.

Rishita Developers

The group is a star among the mid to high-income segment, creating budget-friendly homes since 2009. The developer group puts a keen eye on both contemporary and traditional architectural styles. Some notable projects include Rishita Manhattan, Rishita Serenity, and Rishita Mulberry Heights in Sushant Golf City, Lucknow.

Shalimar Group

This group’s history dates back to 1985 and is known for its luxury real estate projects in Lucknow. It has delivered around 6 million square feet of both commercial and residential space since its inception. It plans to develop another 15 million square feet in Delhi NCR and other metropolitan cities of Uttar Pradesh.

Conclusion

Lucknow’s real estate has evolved over the years, given its impeccable economic growth, top locations, thriving tourism, and easy access to world-class facilities. The city has emerged as a promising destination for real estate investment, challenging the dominance of big cities like Noida and Greater Noida in Delhi NCR.

Additionally, the advent of prominent developer groups has pushed the growth of the regional real estate market. As the city’s property market continues to evolve, it presents buyers with diverse housing options catering to every need and budget.

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