Lucknow Properties

Lucknow properties were never so highly in demand before. The Lucknow property market has not just doubled in size but has also displayed an entire paradigm shift to a more contemporary real estate development form. One can find upscale properties coming up in different parts in and around Lucknow. The LDA or Lucknow Development Authority is the main metropolitan development authority that recognizes new Land in Lucknow and then auctions the land to potential buyers.

In the recent few years all major builders and developers in India have bought the available LDA approved plots for sale in Lucknow and have developed residential and commercial properties in the city that are epitomes of luxury and a new lifestyle. The LDA has extended a hand of cooperation towards the private builders in North India to develop colonies and townships in old city of Lucknow as well as new suburbs along the Sitapur, Faizabad, Kanpur, Hardoi and Rai Bareli Highways.

Lucknow is home to various small-scale industries, handlooms and handicrafts industries, as well as sugar and leather goods industries. A new sector emerging is the IT industry with setting up of various Software Technology Parks and Biotech Parks in Lucknow. The industrial economy base in Lucknow has attracted many immigrants from neighboring towns and states thereby increasing the demand for adequate residential property in Lucknow.

Residential Property in Lucknow

The prime residential property in Lucknow is available at Hazratganj, Civil Lines, Mall Avenue, Indiranagar and Gomti Nagar. Then there are colonies like Alambagh, Aminabagh, Chowk and Kaiserbagh that have a bit congested residential set up.

Top builders and developers in India including Omaxe Builders, Eldeco, Parsvnath, Uppals and Sahara Housing are planning some of their most ambitious projects to be developed on Lucknow property.

In the past two years, the property investors have earned returns of more than 20 - 50%. Plots for sale in Lucknow have the maximum rates in the properties being developed by Omaxe Builders and Eldeco Group . Second to them is property in Janakipuram and Indirapuram, followed by Hardoi Road, Sitapur Road and Rae Bareily Road.

Commercial Properties in Lucknow

Premier Commercial property sites in Lucknow are the Hazratganj, Gomtinagar, Indiranagar, Mahanagar, and Janakipuram commercial areas. The upcoming office complexes at Kapurthala, Shalimar Corporate Park and Pinnacle Towers are the next IT destination in Lucknow real estate market. MG Road still commands the commercial property market in Lucknow along with conventional retail markets in areas like Hazratganj, Aminabad and Kaiser Bagh.

Besides the office complexes and retail markets, many new-age multiplex theaters, shopping malls, leisure zones and amusement parks have also come up as the contemporary commercial property in Lucknow. Top builders and Developers in India are investing big time in developing commercial properties at par with the rate of development of their residential counterparts.

To buy any residential or commercial property one needs to contact the local property dealer in Lucknow. Real estate agents in Lucknow give you complete property listings in each property segment and also help you with the housing finance and registration part. For further queries and information on anything related to Real estate in Lucknow, browse through our verticals to get a detailed picture.