Lucknow real estate now generates a massive amount of interest. There are many reasons that can be given to prove so. In earlier times, the demand for real estate was negligibly low, but in the past few years, the city has developed at a breakneck speed as more and more people access it each year on a regular basis ushering an ever encompassing change in the scenery of Lucknow real estate.
Lucknow also comprises of world class institutions such as Indian Institute of Management and Dr. Ram Manohar Lohia National Law University among others. People from across the nation get admitted to these institutions. The influx of more and more students creates the need for residential homes. These institutions have played a significant role in property boom happening in Lucknow. Another big advantage that Lucknow possesses is its shopping centers located at Aminabad and Hazratganj. These attract a lot of visitors given the wide range of items sold there. Also, being the administrative capital of the state of Uttar Pradesh, Lucknow has undergone a lot of development in the past few years, thereby attracting property buyers in droves. The top builders in Uttar Pradesh have welcomed this demand by developing and planning a plethora of housing projects that will construct hundreds and thousands of residential apartments in Lucknow every year in the years to come.
The Lucknow Municipal Corporation works hard to play its part and keep the city clean and work on its infrastructure. The city's authorities have been working on the infrastructure in the suburban areas in particular in the past few years. This is because, the city centre, areas like Chowk and Hazratganj are very congested and there is very little scope for further development there. So, the focus has shifted to suburban areas, and all the hard work put in by the municipal corporation seems to have paid off.
Many top developers in Uttar Pradesh are now acquiring plots on the outskirts and the suburban areas in the city to cater to the demand of residential apartments in Lucknow. Some of the bigger projects are taking place in areas near Rae Bareilly and other such suburban areas.
These real estate companies offer state of the art facilities and infrastructure in stylishly designed homes at affordable prices. One of the bigger developers in Lucknow real estate market is Paarth Infra, which has projects coming up all across the city.