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Flats Under 60 Lakh for sale in Muazzam Nagar, Lucknow
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About Properties in Lucknow for Sale
About Lucknow
Lucknow is the capital of Uttar Pradesh, It is famous for its deep-rooted involvement in the cultural & artistic tradition. From poetry, dance & music to culinary arts, all of it is rooted in every individual living here.
Being a multicultural city, Lucknow embraces diverse cultures & communities. This is also reflected in each of its languages, festivals & everyday lifestyle.
This helps the city attract tourists from across the world. And it benefits Lucknow in the growth of the real estate sector as well. Renting & buying properties are on a constant rise across the city which is also reflected in its demand & yearly property price growth.
Located just 7-8 hours away from India’s capital, Lucknow is now having a super boost in sectors like manufacturing, IT, tourism, etc. This adds to the holistic growth of the city.
It is now the hotspot in the real estate sector. The rapid growth in infrastructure developments & super-fast connectivity makes it a key destination for investment.
From nationwide to international access is super quick in Lucknow due to the well-connected expressways, railways, metros & domestic and international airports. Like Purvanchal Expressway, Lucknow Railway Junction, Rae Bareli Railway Junction, IIT Kanpur metro station, Chaudhary Charan Singh International Airport, etc.
So, all your needs to live a well-established & comfortable life are now served at Lucknow which is the reason for its flourishing real estate market.
About Lucknow Real Estate
- Lucknow holds exceptional growth potential in the real estate sector. A few of its locations have set prime examples to prove the residential & commercial market potential of the city.
- Best localities to buy properties in Lucknow are - Mahanagar, Amar Shaheed Path, Gomti Nagar Extension, IIM Road, Sultanpur Road, Sushant Golf City, etc. In the past 5 years, these localities have approximately 55% - 80% property price appreciation.
- Online Property Search: Among the tier 2 cities, Lucknow is also the one that has a higher online property search to buy property here. This hints that rising property demand will result in price growth in the future.
- The average price range of properties in Lucknow is Rs. 5,000 - 7,000 per sq. ft. It is also having 9-12% year-over-year property price appreciation.
- Top 5 commercial hubs of Lucknow are - One Awadh Center, Rashi Arcadium Central, Halwasiya Court, Gomti Nagar & Hazratganj. All your commercial to retail space needs are fulfilled with better investment returns over the years.
- Top international schools & reputed colleges in Lucknow are - Nurture International School, Loyola International School, GCRG Group of Institutions, Vidyant Hindu Degree College, St. Francis' College, IIM Lucknow, etc.
- Top multi-specialty hospitals in Lucknow are - GC Hospital, KKs Multispeciality Clinic, Autar Multispeciality Hospital, Divine Heart & Multispeciality Hospital, Dr. KNS Memorial Hospital, etc.
- Citywide to statewide roadway connectivity providers from Lucknow are - Agra-Lucknow Expressway, Purvanchal Expressway, Bundelkhand Expressway, Lucknow-Kanpur Expressway, Gorakhpur Link Expressway, Ganga Expressway, etc.
- Prominent & well-connected railway stations of Lucknow are - Lucknow Railway Junction, Barabanki Railway Junction, Ataria Station, Rae Bareli Railway Junction, Kanpur Anwarganj Station, etc.
- Key metro stations of Lucknow are - IIT Kanpur, Vishwavidyalaya, Geeta Nagar, Moti Jheel, CCS Airport, Gurudev Chauraha, etc.
- Chaudhary Charan Singh Domestic & International Airport of Lucknow provides you with national & international accessibilities effortlessly.
Key Features About Lucknow
Explore below the latest trends of locations & prices in the real estate market of Lucknow.
Latest Residential Market Trends In Lucknow
- Considering the latest residential market scenario, various choices are served for potential homebuyers like flats, apartments, villas & independent houses.
- The average flat price range in Lucknow is around Rs. 20-80L. This price range varies based on the location of the property & availability of the conveniences nearby.
- The rising demand for villas & independent houses hints at providing exceptional property investment returns over the years. Currently, the average price range for villas in Lucknow is around Rs. 80 L - 3 Cr.
- The all-time demanding locations in Lucknow are Gomti Nagar, Indira Nagar, Faizabad Road, Alambagh, etc.
Latest Commercial Market Trends In Lucknow
- At present, Lucknow stands among the prominent commercial hubs in Uttar Pradesh. It is due to serving a variety of choices like retail space, office space, warehouse, etc to commercial property investors.
- One Awadh Center, Rashi Arcadium Central, Halwasiya Court, Gomti Nagar, Hazratganj, etc are some of the best locations to invest in commercial properties in Lucknow.
- Average price range for commercial office spaces in Lucknow is Rs. 55-150 per sq. ft. This price differs based on the commercial property’s location & its nearby conveniences.
- Currently, retail spaces in Lucknow are also experiencing a demand rise. At primary locations, Rs. 70-310 per sq. ft is the latest average price range for retail spaces in Lucknow.
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Frequently Asked Questions
1. Why is Lucknow a hotspot in the real estate sector ?
Lucknow's rapid infrastructure development & excellent connectivity make it a prime destination for real estate investment.
2. How far is Lucknow from India's capital ?
Lucknow is approximately 7-8 hours drive away from New Delhi, India's capital.
3. What are the latest residential market trends in Lucknow ?
The residential market of Lucknow offers flats, apartments, villas & independent houses with prices ranging from Rs. 20-80 lakhs for flats and Rs. 80 lakhs to 3 crores for villas.
4. Which locations in Lucknow are in high demand for residential properties ?
High-demand locations for residential properties in Lucknow include Gomti Nagar, Indira Nagar, Faizabad Road & Alambagh.
5. What are the current commercial market trends in Lucknow ?
Lucknow is a prominent commercial hub offering retail space, office space & warehouses. The office space prices here range from Rs. 55-150 per sq. ft.
6. Where are the best locations for commercial property investment in Lucknow ?
Prime locations for commercial property investment in Lucknow include One Awadh Center, Rashi Arcadium Central, Halwasiya Court, Gomti Nagar & Hazratganj.
7. Which are the best localities to buy properties in Lucknow ?
Top localities to buy properties in Lucknow include Mahanagar, Amar Shaheed Path, Gomti Nagar Extension, IIM Road, Sulthanpur Road & Sushant Golf City.
8. What has been the property price appreciation in Lucknow over the past five years ?
Property prices in the top localities of Lucknow have appreciated by approximately 55% to 80%.
9. What are the major roadway connectivity options from Lucknow ?
Key expressways of Lucknow include Agra-Lucknow Expressway, Purvanchal Expressway, Bundelkhand Expressway, Lucknow-Kanpur Expressway, Gorakhpur Link Expressway & Ganga Expressway.
10. What are the main railway & metro stations in Lucknow ?
Major railway stations in Lucknow include Lucknow Railway Junction & Barabanki Railway Junction. Key metro stations include IIT Kanpur, Vishwavidyalaya & CCS Airport.