What is the future of real estate in Lucknow for an investment1 (2)

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If someone is looking for flats for sale in Lucknow, He must ensure excellent surroundings and availability of growth in the coming days. There are many Top residential areas, where he can get a huge return on investment.

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W H A T I S T H E F U T U R E O F R E A L E S T A T E I N L U C K N O W F O R A N I N V E S T M E N T

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LUCKNOW IS A LARGE CITY IN NORTHERN INDIA AND THE CAPITAL OF THE STATE OF UTTAR PRADESH. THERE ARE MANY HERITAGES AND MONUMENTS FROM THE OLD AGE LIKE "RUMI DARWAZA" A MUGHAL GATEWAY "BARA IMAMBARA" WHICH IS NEARBY THE 18TH-CENTURY AND THE AMAZING "BHOOL BHULAIYA" IT IS KNOWN FOR ITS MAZE OF NARROW TUNNELS WITH CITY VIEWS FROM ITS UPPER BALCONIES. IT IS NEAR THE GRAND "VICTORIAN HUSAINABAD CLOCK TOWER" BUILT AS A VICTORY COLUMN IN 1881.

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G R O W T H A N D O P P O R T U N I T I E S O F T H E R E A L E S T A T E M A R K E T I N L U C K N O W T h e r e a l e s t a t e i n d u s t r y i n L u c k n o w i s w o r k i n g i n b o t h s e c t o r s r e s i d e n t i a l a n d c o m m e r c i a l . T h e b u s i n e s s p r o c e s s i n a l l f i e l d s i s e s t a b l i s h i n g f a s t e r i n L u c k n o w i n v a r i o u s a r e a s . T h e r e i s n o d o u b t i n t h e e c o n o m y t h a t l o w e r G D P g r o w t h a f f e c t e d t h e c o s t a p p r e c i a t i o n h e r e t o o . L u c k n o w i s o n t h e t r a c k o f r a p i d g r o w t h a n d d e v e l o p m e n t i n c l u d i n g t h e I T s e c t o r f o r c a r e e r d e v e l o p m e n t a n d t r a n s i t n e t w o r k s .

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F A C I L I T I E S I N L U C K N O W L u c k n o w i s a l s o p r e s e n t i n t h e l i s t o f t o p S m a r t C i t i e s i n I n d i a a n d t h i s w i l l b o o s t a s p e c t s l i k e t r a n s p o r t B u s T r a i n A i r a n d M e t r o w a t e r s u p p l y w a s t e m a n a g e m e n t s a n i t a t i o n e d u c a t i o n a l i n s t i t u t i o n s s h o p p i n g c o m p l e x e s o r m a l l s a n d e - g o v e r n a n c e g r e a t l y i n t h e f u t u r e . T h e r e a r e l o t s o f o p p o r t u n i t i e s f o r t h e p r o c e s s o f b u s i n e s s a n d L e a d i n g h o s p i t a l s l i k e P G I R a i l w a y s g o v t . H o s p i t a l M e d a n t a a n d N a r a y a n a H r u d a l a y a A a r o g y a m h a v e a l r e a d y c o m e u p i n t h e c i t y . S e v e r a l m i d - r a n g e a f f o r d a b l e a p a r t m e n t s i n L u c k n o w a n d l u x u r y h o u s i n g r e a l e s t a t e p r o j e c t s a r e b e i n g d e v e l o p e d h e r e .

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T O P R E S I D E N T I A L A R E A S I N L U C K N O W M a n y c i t i e s w h e r e t h e r e a l e s t a t e s e c t o r i s g r o w i n g h a v e w i t n e s s e d e x t r a o r d i n a r y e x p a n s i o n i n t h e p a s t d e c a d e . A t t h e s a m e t i m e L u c k n o w i s e x p a n d i n g a n d u p g r a d i n g i t s i n f r a s t r u c t u r e t o a c c o m m o d a t e m a n y p e o p l e . T h e r e a r e m a n y p o s h a r e a s i n L u c k n o w . I n t h i s a r t i c l e w e h a v e m e n t i o n e d a f e w e x p e n s i v e p l a c e s t o l i v e i n L u c k n o w w h e r e p r o p e r t y p r i c e s a r e a t p a r w i t h p r e m i u m l o c a l i t i e s i n m e g a c i t i e s .

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H a z r a t g a n j G o m t i N a g a r E x t e n s i o n I n d i r a N a g a r M a h a N a g a r A l i g a n j R a j a j i P u r a m J a n k i P u r a m A l a m b a g h A s h i y a n a C o l o n y S u l t a n p u r R o a d K a n p u r R o a d

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L U C K N O W S R E A L E S T A T E M A R K E T S I T U A T I O N D U R I N G C O V I D A N D A F T E R C O V I D A c c o rd i n g t o t h e " T i m e s o f I n d i a " re p o rt a b o u t 1 4 0 0 0 h o u s i n g c a s e s w e re s e t t l e d d u ri n g t h e p a n d e m i c c o v i d - 1 9 . I t w a s n o t e d a n e n o rm o u s g ro w t h i n t h e p a n d e m i c a n d a l m o s t a f t e r t h e 6 t h y e a r " U P - R E R A " c a m e i n t o e x i s t e n c e t o c o n t r o l t h e i l l p r a c t i c e s i n t h e r e a l e s t a t e s e c t o r a n d h e l p e d b r i d g e t r u s t b e t w e e n h o m e b u y e r s a n d d e v e l o p e rs. Eve ry o n e k n o w s t h a t w h e n t h e C o v i d a t t a c k e d t h e s i t u a t i o n o f t h e c o u n t r y w a s b r o k e n d o w n . T h e r e i s n o d o u b t L u c k n o w s re a l e s t a t e m a r k e t w a s a l s o d r a s t i c a l l y a f f e c t e d b y t h e p a n d e m i c . I t i s n o t d i f f i c u l t t o t r a c e t h e r e a s o n s f o r t h i s o p t i m i s m . F o r m i g ra n t l a b o re rs w h o f l e d t h e b i g i n d u s t r i a l c i t i e s o f t h e w e s t a n d s o u t h i n t h e e a rl y d a y s o f C o v i d - 1 9 L u c k n o w i s c l o s e r t h a n a n y o t h e r d e v e l o p e d c i t y . H e n c e t h e s u p p l y o f l a b o r w i l l n o t b e a c o n s t r a i n t h e re

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C O N S T R U C T I O N C O S T P E R S Q F T F O R A H O U S E I N L U C K N O W I f w e s e e i n t h e c o u n t r y m a n y c h a n g e s h a v e t a k e n p l a c e n o t o n l y i n t h e r e a l e s t a t e m a r k e t . D u e t o i n c r e a s i n g i n f l a t i o n t h e c o s t o f m a t e r i a l s i s r i s i n g . N o w a d a y s I f y o u p l a n t o c o n s t r u c t a h o m e i n L u c k n o w y o u m a y b u d g e t i t f o r 1 8 0 0 - 2 0 0 0 R s p e r S q F t w i t h a l l s t a n d a r d s o f g o o d i n t e r i o r f i t t i n g s a n d f i x t u r e s a v e r a g e d f o r G + 3 s i z e . B u t g e n e r a l l y M a n y p e o p l e d e s i r e t o h a v e m o r e a n d m o r e t r e n d y t h i n g s w h i l e c o n s t r u c t i n g t h e i r h o m e s . H e n c e t h e c o n s t r u c t i o n c o s t o f t h e h o u s e m a y s o m e t i m e s g o u p t o 3 5 0 0 - 4 0 0 0 R s p e r S q F t . I f y o u w a n t s o m e e x t r a f o r l a v i s h n e s s l i k e g o l d p l a t e d s w i t c h s o c k e t s k i n d o f s t u f f I T - e n a b l e d g y m l a n d s c a p e d t e r r a c e s p o o l s p o r t s a r e a a n d d i g i t a l i n t e r a c t i v e m o o d l i g h t i n g b a s e d h o u s e w i t h l u x u r y b a t h t u b s i n c l u d e d a n d m a n y s u c h e x o t i c t h i n g s c o m p l e m e n t i n g t h e c o s t c a n b e 6 5 0 0 - 7 0 0 0 R s p e r s q f t o r u p w a r d s .

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I F Y O U I N V E S T I N L U C K N O W R E A L E S T A T E Y O U M U S T E N S U R E T H A T T H E P R O P E R T Y I S L E G A L L Y R E G I S T E R E D W H I L E M A K I N G A D E A L . I T I S M A N D A T O R Y T O N O T E P R O P E R T Y A B O V E 1 0 0 R S I N T H E S U B - R E G I S T R A R S O F F I C E U N D E R S E C T I O N 1 7 O F T H E U T T A R P R A D E S H R E G I S T R A T I O N A C T 1 9 0 8 . I T I S A L E G A L T A X C O L L E C T E D B Y T H E S T A T E G O V E R N M E N T W H I L E R E G I S T E R I N G T H E P R O P E R T Y A N D I T I S M A N D A T O R Y T O P A Y T H E S T A M P D U T Y A N D R E G I S T R A T I O N C H A R G E S . T H E F E E P A I D I S U S E D T O R E C O R D T H E P R O P E R T Y I N T H E B U Y E R S N A M E A N D L E G A L I Z E T H E O W N E R S H I P O F T H E P R O P E R T Y . G E N E R A L L Y A R O U N D 5 - 7 O F T H E P R O P E R T Y S M A R K E T V A L U E I S C H A R G E D A S S T A M P D U T Y A N D A B O U T 1 O F T H E P R O P E R T Y S M A R K E T V A L U E I S S E T A S A R E G I S T R A T I O N F E E I N I N D I A . S T A M P D U T Y A N D R E G I S T R A T I O N C H A R G E S I N L U C K N O W

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T H A N K S F O R W A T C H I N G T A K E A W I S E D E C I S I O N W W W . H O N E S T B R O K E R . I N