By Vipin Agnihotri
Riding high on the surging economic growth, increasing disposable income and growing aspiration for modern living, Lucknow is all set for a big time real estate growth.
In my opinion, the real estate in Lucknow has undergone a tremendous change in the last few years. From group housing to bungalow, villas, condominium, penthouses, high-end luxury apartments and townships, Lucknow is enjoying the real estate boom. The boom is evident from the number of projects dotting the skyline of Lucknow.
It has come into the notice of The India Street that number of residential projects is in various stages of construction in Lucknow and many more are in the pipeline. What Lucknow is witnessing is a very good housing market combined with the nations top developer establishing their base in Lucknow.
Along with local developers such as Eldeco, Sahara, Rohtas, SAS Properties, national players in the real estate market such as Ansals, Parsvnath, Omaxe, Unitech and many Dubai based developers such as GC Constructions, EMAAR MGF are coming up with their residential and commercial venture.
If experts are to be believed, the real estate market of Lucknow will continue to enjoy this boom. Unlike other metros, Lucknow has the scope of horizontal expansion that will ensure better township planning.
There is no doubt that rising income levels of people are helping them aspire for better quality apartments and homes. Lucknowites are moving beyond flats to luxury apartments. It is worthwhile pointing that Omaxe Group is developing Omaxe Heights, a multi-storied luxury apartment complex, while Parsvnath Group is coming up with Parsvnath Planet, an air-conditioned opulent condominium.
And if private players are catering to upper crest, Government agencies like LDA and UPHDB is looking after the interest of common people. Besides apartments, the integrated township concept has also ushered in a big way in Lucknow, with many big players busy developing mega townships.
According to sources, Ansal API is coming up with a very ambitious project with Sushant Golf and Hi tech city over 5000 acres at the cost of Rs 22500 crores. This integrated township boasts of luxury residences with features such as golf course, tennis academy, a university and IT park.
Developers foresee big potential for the Lucknow real estate as the growing commercial and manpower requirements has led to influx of people from satellite towns of Lucknow, which would translate into ever growing demand for housing and infrastructure.
| Suggested Reading |
| |
0 comments:
Post a Comment